Updated on : 15-06-2018
Hor Kimsay | Publication date 15 June 2018 | 09:16,
The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, announced on Thursday that it had approved four projects with a combined total capital investment of nearly $2 billion. It said the four projects would create 11,193 jobs.
Announcing the matter on its Facebook page, the CDC said it had approved the investment of Cambodian PPSHV Expressway Co – a $1.87 billion plan to construct an expressway from the capital to Sihanoukville.
The second project, with an investment of about $11.93 million, was from Capital Mineral Resources Investment’s scheme to establish a marble processing plant.
The CDC also gave the green light to Royal CERA Co Ltd to move forward on a $15.36 million proposal to fabricate tiles and latrines.
An investment licence was similarly approved for Tropical Fruit Asia (Cambodia), which will expand $6.47 million to establish a fruit processing factory.
In March, the CDC reported that investment in Cambodia nearly doubled to $6.3 billion last year, up from $3.6 billion in 2016.
China, it said, surpassed Cambodia itself in 2016 as the largest source of investment in the Kingdom.
Source: https://www.phnompenhpost.com/business/nearly-2b-investments-cleared-cdc
Title | Category | Created On |
---|---|---|
Cambodia reviews trading policy and strategy | News | 2020-12-29 15:06:28 |
Cambodia exports more than 300,000 tonnes of bananas in 2020 | News | 2020-12-29 15:04:01 |
Cambodia-China FTA, RCEP key driver for economic growth in post-COVID-19 era | News | 2020-12-29 11:36:12 |
Sino-Cambodian ties deeper-rooted after joint COVID-19 fight, bilateral FTA signing | News | 2020-12-25 11:41:20 |
"Kampot Pepper” gets international recognition in 32 countries | News | 2020-12-25 10:55:51 |
Contact Us! If you cannot find what you require in this website please feel free to contact us. Click here to send us a message >>> |