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$23.5 million in new investment projects licensed

A cotton picking machine. Xinhua

The Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million.

According to two separate CDC’s press releases, the new projects approved are expected to create more than 4,000 jobs for the locals.

The six approved projects cover the production of cotton, clothing, cardboard boxes and all kinds of packaging materials, and bags.

These projects belong to six different companies located in the capital of Phnom Penh and the provinces of Thbong Khmum, Kampong Speu and Takeo. Phal Sophanith/AKP

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