37 Investment Projects Approved by CDC in February

In February, the Council for the Development of Cambodia (CDC) approved 37 new investment projects with a total capital of almost US$1.2 billion. The update was unveiled in a press release made public on Mar. 12 by the CDC, adding that the approved projects are expected to generate 38,000 jobs for the locals. Most of the licenced projects are in the industrial sector, while the rest in the industrial and agriculture and agro-agriculture sectors, the source pointed out. The outstanding projects include the construction of a hydropower dam in Mondul Seima district of Koh Kong province and the construction of multi-purpose port and logistics centre in Kampong Leng district of Kampong Chhnang province. The establishment of data centres in Khan Daun Penh and Khan Russey Keo of Phnom Penh capital and the manufacturing of car tyres in Svay Rieng province are among the major investments on the approved list. Over 58 percent of the total investment is from local investors, 33.19 percent from China, 4.31 percent from Singapore and 4.09 percent from Vietnam. Source: Agence Kampuchea Presse