The Council for the Development of Cambodia (CDC) announced in the first week of June the approval of four investment projects worth nearly $16 million. The investments are expected to create around 5,700 new jobs.
CDC said Ocean Fast (Cambodia) Footwear Factory Co Ltd will establish a shoe production factory in Ponhea Leu district of Kandal province with an investment of over $6 million. The plant will employ 1,914 people.
Case Si Travel Production Co Ltd will establish a travel goods manufacturing plant in Kong Pisei district of Kampong Speu province with $3.1 million capital investment, creating 1,024 jobs.
In Ang Snuol district of Kandal province, Syhj Garment (Cambodia) Co Ltd will establish a garment factory with an investment capital of $3.4 million that will create 1,958 jobs.
The fourth project, Sunrise Outdoors (Cambodia) Co Ltd, will set up its factory in Takeo province to produce travel goods, with a capital investment totaling $2.3 million and the creation of 857 jobs.
Cambodian Chamber of Commerce (CCC) Vice President Lim Heng said the owners of the newly registered companies were mainly Chinese and their investments were mainly in the apparel, travel goods and clothing sectors. the shoe.
“CCC will continue to cooperate with the government to mobilize investors to invest in Cambodia, especially in important sectors such as garments, as Cambodia enjoys many favorable conditions that attract foreign investors,” he said. -he declares.
The Deputy Secretary General of the Garment Manufacturers Association of Cambodia (GMAC), Kaing Monika, said the increase in garment factories will increase the amount of goods exported for the sector’s products.
“Normally, when there are more factories, it means there will be more exports. If there is no major disruption affecting the global economy, Cambodia will be able to maintain its level of exports or boost them and gain a competitive advantage in this sector,” he said.