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Three investment projects worth $246 million approved, to create 1,500 jobs-Private Office in Cambodia

Best apartment for rent in Cambodia-Service one daily news-Private Office in Cambodia

The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of $246.1 million.

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According to the council, the newly approved projects are expected to create some 1,547 jobs for the locals.

The three projects cover the processing of all kinds of fruits, the production and assembly of solar panels, and the development of a 80-megawatt hydropower project.

The projects belong to Cam M J Agricultural Co., Ltd., Hounen Solar Inc. Co., Ltd., and SPHP (Cambodia) Co., Ltd., in Kampong Speu, Kandal and Pursat provinces, respectively.

Such investments amid the COVID-19 outbreak demonstrate confidence of foreign investors in Cambodia’s macroeconomic, political and social stability though threatened by the pandemic.

source:khmer time

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