Phnom Penh (FN), April 28 - The Council for the Development of Cambodia (CDC) granted licenses to three companies to establish cloth and bag factories for the export to the international market. The investment from the companies is worth of approximately 10 million USD in total, creating more than 4,000 jobs.

YILAIFA (CAMBODIA) GARMENT CO., LTD.: a project to establish garment factory located in Khan Meanchey, Sangkat Meanchey, Phnom Penh has a capital of approximately 3.89 million USD and can create 924 jobs.

MIMASU INDUSTRIES (CAMBODIA) CO., LTD.: a project to establish garment factory located in Bek Chan Commune, Ang Snuol District, Kandal Province has a capital of approximately 2.28 million USD and can create 960 jobs.

WAM FA LEATHER CO., LTD.: a project to establish bag factory located in Perk Commune, Ang Snuol district, Kandal has a capital of approximately 5.44 million USD and can create 2,650 jobs.

Both local and foreign investors can operate business freely in Cambodia without any fear thanks to peace, political stability, growing economy, and favorable investment conditions.
=FRESH NEWS