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CDC approves four projects worth over $26M khmertimeskh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khmertimeskh.com Daily Mail and Mail on Sunday newspapers.
Share Workers worked at a construction site in Phnom Penh s Chamkarmon district on January 25, 2021. Hong Menea Project approvals retain traction even as Covid constricts construction Wed, 5 May 2021 The government approved six more investment projects with capital of over $106 million, even as the Covid-19 pandemic ravages the Cambodian economy, leading to a slowdown in construction projects. In a May 5 press release, the Council for the Development of Cambodia (CDC) said it had approved final registration certificates for Jin Bei Palace Co Ltd s $48.7 million 195-room five-star hotel in Commune IV s Village 4 in Sihanoukville, which the CDC estimates will create 380 new jobs. It also gave the nod to Kuantech (Cambodia) International Co Ltd s $29.7 million assembly plant for electronic components, especially those used in electronic face masks and air purifiers. The project is set to be in Tram Kak district s Popel commune of Takeo province and provide 628 ....