CDC Approves Seven Investment Projects Worth Nearly $ 40 Million

(Phnom Penh): The Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) has approved seven new investment projects worth nearly $ 40 million.

The companies approved by the CDC are as follows:

1. Cordy Intelligent Technology (CAMBODIA) CO., LTD, to establish a factory manufacturing plastic parts and motor accessories in Sihanoukville Special Economic Zone (SSEZ). The project is worth USD 1,1 million and will create 56 jobs/

2. Zhejiang Hengsen Furniture CO., LTD, to establish a furniture manufacturing factory in Sihanoukville Special Economic Zone (SSEZ). This project is worth USD 1,5 million and will create 666 jobs

3. Great Cabinets (CAMBODIA) CO., LTD, to establish a factory manufacturing kitchen cabinets in Sihanoukville Special Economic Zone (SSEZ). This project has a total capital investment of USD 3 million and will create 45 jobs.

4. Gold Sail (Cambodia) Building Materials Manufacturing CO., LTD. to establish a factory for aluminum window and door production in Sihanoukville Special Economic Zone (SSEZ). This project is worth USD 3 million and will create 22 jobs.

5 Forda (Cambodia) Food CO., LTD. to establish a dried fruit manufacturing factory in Sihanoukville Special Economic Zone (SSEZ). This project is worth USD 6 million and will create 257 jobs.

6 Huakang Packaging Technology CO., LTD. to establish a plastic bag factory in Cambodian Zhejiang Guoji Special Economic Zone. This project is worth USD 9,5 million and will create 274 jobs.

7 FPZ Furniture (Cambodia) CO., LTD. to establish a furniture manufacturing factory in Cambodian Zhejiang Guoji Special Economic Zone. This project is worth USD15 million and will create 1,225 jobs.

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