CDC approves new steel plant in Kampong Speu

May Kunmakara / Khmer Times No Comments Share:
REUTERS/Rebecca Naden

A project to build a $31-million steel-processing plant in Kampong Speu province was recently greenlighted by the government, according to an announcement by the Council for the Development of Cambodia earlier this week.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

The investment proposal was submitted by Hai Sheng Steel.

Sorn Seap, executive vice president of the Cambodian Valuers and Estate Agents Association, said the investment will strengthen the fast-developing construction sector in the Kingdom.

“We really welcome this kind of investment because it can help us reduce our steel imports,” he said.

“We do encourage investment in any construction material because it adds value to the industry. We are still behind our neighbors when it comes to the construction industry, so this investment is most welcomed.”

Share and Like this post

Related Posts

Previous Article

Menswear in vogue for luxury brands

Next Article

Worldbridge to open first SME industrial park