The Council for the Development of Cambodia (CDC) has granted investment licences to two private firms to invest in the construction of factories in Cambodia.

According to a CDC’s press release issued this afternoon, Kampkeeper (Cambodia) Co., Ltd., and Sunicon (Cambodia) Apparel Co., Ltd. will invest US$3.1 million and US$5.3 million in the production of tents and all kinds of camping equipment, and clothes, respectively.

The two newly-approved projects, to be located in Khan Pursenchey and Khan Kambol, Phnom Penh capital, are expected to create nearly 3,700 jobs for the locals, it added.

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

Source: Agency Kampuchea Press

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