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$15 million tire project in Svay Rieng province approved


A $ 15 million cart tire factory will be built in Qilu Bavet Special Economic Zone, Svay Rieng province, creating 380 jobs for the locals.

A press release of the Council for the Development of Cambodia (CDC) Friday said this following the approval of the investment project by the CDC’s Cambodia Special Economic Zone Board.

The newly approved project is invested by Cart Tire Co., Ltd.

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

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