Investment projects worth $83M to create 2K jobs

Around 2,000 jobs are expected to be created in the country after the Council for the Development of Cambodia (CDC) approved five investment projects worth $82.7M. The projects, covering solar, clothes, tourism, hospital and mining sectors, will come up in Phnom Penh and three provinces, a CDC release said. CDC gave the nod for Kitatsu Solar (Cambodia) Co Ltd to set up factories to assemble solar panels in Ponhea Leu district of Kandal province. The project, encompassing an investment of $23.4M, is expected to provide jobs for 637 people. According to the release, Hen Jiu Garment Accessory Co Ltd plans to set up a plant to produce parts of cloth and thread rolls in Kambol district of Phnom Penh. The project, which plans an investment of $5.1M, will also ensure 463 jobs for local people. (Source: Khmer Times)