CDC Approved Investment Projects for Cambodia, 2022

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Re: CDC Approved Investment Projects for Cambodia, 2022

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Almost US$24 Million Investment Projects Approved
AKP Phnom Penh, June 14, 2022 --
Four new investment projects worth in total US$23.8 million have been approved, according to a press release of the Council for the Development of Cambodia (CDC) issued yesterday.

The newly-approved projects are expected to generate nearly 2,400 jobs for the locals, said the same source.

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Located in Khan Pursenchey, Phnom Penh capital and Sihanoukville Special Economic Zone in Preah Sihanouk province, the four investment projects will cover the production of clothes, bags, glue, paint, and plywood, it added.
https://www.akp.gov.kh/post/detail/255858
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Re: CDC Approved Investment Projects for Cambodia, 2022

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New US$51m can factory in Cambodia gets go ahead
20 June 2022
By Jessica Mason
A new drinks canning factory has just an investment of US$50.7 million after being approved by the Council for Development of Cambodia (CDC).

According to officials, the new factory, named Baosteel Can Making (Cambodia) Co, will be based in the Kampong Speu province and has received fiscal support from investors after gaining its CDC approval. The factory will reportedly help many businesses, including Asian brewers and soft drinks manufacturers, in their search for more competitively-priced packaging options as well as create over 150 jobs for Cambodian people.
https://www.thedrinksbusiness.com/2022/ ... -go-ahead/
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Re: CDC Approved Investment Projects for Cambodia, 2022

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July 9, 2022
Cambodia approves 87 investment projects worth $2.7 billion in first 6 months

Cambodia has approved 87 fixed-asset investment projects worth about $2.7 billion in the first half of 2022, according to the Council for the Development of Cambodia (CDC)’s report on Friday.

The approved projects included garment, footwear and travel goods factories, tire factory, hotels, hospitals, automobile assembly factory, electronic factory, and fruit processing and packaging factory, among others, the report said, adding that they are expected to generate tens of thousands of new jobs for locals.

Lim Heng, vice-president of the Cambodia Chamber of Commerce, said the Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) as well as the country’s favorable new investment law are key to attracting investors.
https://www.khmertimeskh.com/501109225/ ... -6-months/
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Re: CDC Approved Investment Projects for Cambodia, 2022

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2 More Garment Factories to Open

CDC Approves Investment Projects Worth Over US$6 Million
AKP Phnom Penh, July 15, 2022 --
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Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of US$6.7 million in Phnom Penh capital and Kampong Speu province.

According to the council’s press release issued on July 14, one of the newly approved projects belongs to Xin Mei Da (Cambodia) Garment Co., Ltd. and will be situated in Khan Meanchey of Phnom Penh.

The second one was the investment by W.L Wei Lian Garment Co., Ltd. in Samraong Torng district, Kampong Speu province.

The first project will invest US$3.6 million for the creation of a garment factory, while the second will inject US$3.1 million for the same business.

The investment projects are expected to create 2,217 jobs for the locals, added the source.
- AKP
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Re: CDC Approved Investment Projects for Cambodia, 2022

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Four New Investment Projects worth US$17 Million Approved
AKP Phnom Penh, August 19, 2022 --

Council for the Development of Cambodia (CDC) has endorsed four new investment projects with a total capital of US$17 million in Kandal and Preah Sihanouk provinces.

According to the council’s press release made public this afternoon, the newly approved projects belong to R.G. Footwear (Cambodia) Co., Ltd., Xing Gang Wood Industry (Cambodia) Co., Ltd., Zhejiang Jeni Furniture Co., Ltd., and FF.LL (Cambodia) Co., Ltd.

The four companies will invest in the production of footwear, furniture, wood accessories, sofa, and all kinds of packaging materials, the same source pointed out.

The newly-approved investment projects are expected to create some 2,800 jobs for the locals, added the press release.
By Phal Sophanith
AKP
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Re: CDC Approved Investment Projects for Cambodia, 2022

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CDC Approves 149 Japanese Investment Projects As of August 2022
AKP Phnom Penh, September 08, 2022 --
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The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment capital of about US$2.9 billion as of August 2022.

The figures were presented at the 24th Meeting of the Cambodia-Japan Joint Committee held on Sept. 7, under the chairmanship of H.E. Sok Chenda Sophea, Minister Attached to the Prime Minister, Secretary-General of CDC, and H.E. MIKAMI Masahiro, Japanese Ambassador to Cambodia with the participation of representatives of JETRO, JICA, JBAC and Japanese companies operating in Cambodia.
- AKP
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Re: CDC Approved Investment Projects for Cambodia, 2022

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Cambodia News (Phnom Penh): 13 September 2022- according to a recent press release from the Council for the Development of Cambodia (CDC), the CDC has approved three new investment projects under China Ting (Cambodia) Fashion Co., Ltd., YTI (Cambodia) Garment Co., Ltd. , and Sky Clothing (Cambodia) Co., Ltd.
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The three investment projects will consist of the establishment of garment factories in Udong and Samrong Tong districts in Kampong Speu province and in the Meanchey district of Phnom Penh. The three new investment projects are worth USD 16.5 million.

Despite some factory closures over concerns of wage unrest, investment in the garment sector continues to flow into Cambodia. The newly approved investment projects are expected to create about 6,690 jobs for locals.
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Re: CDC Approved Investment Projects for Cambodia, 2022

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CDC Gives Green Light to Three New Projects worth over US$14 Million
AKP Phnom Penh, October 21, 2022 --

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of US$14.1 million in Kandal and Preah Sihanouk provinces.

According to a CDC’s press release issued this afternoon, these new projects belong to Cheng Zhen Yong Industry Co., Ltd., Xin Jin Hua Garment Co., Ltd., and Success Metal Technology Co., Ltd.

The three companies will invest in the establishment of shoe assembly parts and garment factories in Kandal province’s Ang Snoul and Kandal Stung districts, respectively, and in metal processing in a special economic zone of Preah Sihanouk province.

These newly approved projects are expected to generate some 2,500 jobs for the locals.
- AKP
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Re: CDC Approved Investment Projects for Cambodia, 2022

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Two More Projects worth US$14 Million Approved by CDC
AKP Phnom Penh, November 04, 2022 --
Council for the Development of Cambodia (CDC) has endorsed two new investment projects with a total capital of US$14 million.

The newly approved projects belong to New Shui Yat (Cambodia) Co., Ltd. and Kanjin (Cambodia) Luggage Co., Ltd., said a CDC’s news release issued this afternoon.

The first company will invest US$8.5 million in the production of cardboard boxes in Sangkat Chbar Mon, Chbar Mon city, Kampong Speu province, while the second company will inject US$5.5 million in the production of bags and luggage in Koh Thom district, Kandal province, it pointed out.

More than 2,000 jobs are expected to be generated for the locals by the two projects, added the press release.
- AKP
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Re: CDC Approved Investment Projects for Cambodia, 2022

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Three factories approved for Sihanoukville SEZ
Cambodia News (Sihanoukville): Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia has decided to approve the following the investment projects by the following companies:
1- "ONEPLUS NEW MATERIAL TECHNOLOGY CO., LTD." a project to establish a factory to produce plastic pipes, pipe fittings, all kinds of plastic pipes and accessories, located in the special economic zone of Sihanoukville province, with an investment value of USD 5.5 million and can potentially create about 70 jobs. .
2- "JINLAI TEXTILES CO., LTD." a project to establish a quilt factory located in the special economic zone of Sihanoukville province with an investment value of USD 1 million and can potentially create about 100 jobs.
3- "XINJINCAI PLASTIC (CAMBODIA) CO., LTD." a project to establish a factory to produce all kinds of packaging materials made of plastic, scotch and stickers, located in the special economic zone of Sihanoukville province with an investment of USD 1 million and can potentially create about 80 jobs.
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