The Cambodian Development Council has authorised eight new projects totaling $71.4 million (CDC). At a key point in the Kingdom’s economic recovery, the new projects will generate over 9,500 employment.
The CDC issued final registration certificates to Hong Cen Max Leather Products, Remstex Fashion, Top Form (Cambodia) Manufacturing, New Wide Apparel, Cathaya and CK Sports. The new factories will create a further 1,929 jobs in Kandal province, Cambodia. In total, there are plans to invest $2.6 million in a bag and belt factory in Trapeang Bruy village in the Ang Snoul district of Kandal.
Remstex Fashion will invest $6 million in a garment factory in Ta Du village in Daun Keo city, Takeo province, creating a further 1,929 jobs. Top Form is building a $9.5 million project in Po Mongkul village in the Ponhea district of Kandal province which will employ 850 people. New Wide Apparel’s facility will be based in Bonna Village, Kandal Steung District.
Cathaya will invest $2.8 million in a textile factory in Sihanoukville, creating 170 jobs. CK Sports will make footwear and sports equipment at a $5 million factory in Bavet City, Svay Rieng Province. In Kampong Chhanang’s Samaki Meanchey district, Sortics Alliance will create 1,036 jobs. Last year 101 factories closed according to the Industry Ministry, most of them in the garment sector.