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Thursday, 05 August 2021 12:59

CDC approves new eight new projects

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Cambodia’s Council for Development of Cambodia (CDC) has approved eight new projects worth a combined value of 71.4 million. Six of these projects are dedicated to the garment, travel bag and shoe industries. They are slated to create nearly 10,000 new jobs. The remaining two projects are worth $8.5 million and will generate 1,500 new jobs

The Garment Manufacturers Association in Cambodia (GMAC) has welcomed these investments in the garment industry as a heartening development, particularly during this difficult pandemic period.

One approved projects includes a factory by Gianni Vince Bags (Cambodia) Co in Kandal province. Its parent company, based in Guangzhou, China, will commit $4.4 million to constructing the facility and employ 1,171 people, according to the CDC. The second project approved is Sen Wang Ying New Material Co hoe factory in Kampong Speu province. It is valued at $4.1 million and will create 403 jobs.