The Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million.
According to the CDC, the three new projects will create almost 2,000 jobs for local people.
The first investment project of US$2.3 million belongs to Jin Ming Li Jian One Co., Ltd. which will establish a yarn factory in the district of Kong Pisey, province of Kampong Speu, employing 180 workers.
With an investment capital of US$2.4 million, the second project located in Suong city, Thbong Khmum province, is owned by Suzen (Cambodia) Industrial Co., Ltd., and will need 726 workers to produce clothes.
The third project also covers the garment sector. MIL United Manufacturing Co., Ltd. will invest US$2.3 million in the construction of a factory in Kandal Stung district of Kandal province, generating 912 jobs.
Despite concerns over shortage of raw materials, new investments in the garment sectors continues, giving hope to the youth for employment opportunities, especially those investments which are in the provinces. Phal Sophanith/AKP
- Tags: garment factory