The Cambodian Investment Board issued investment certificates to Fitly Apparel Co, Ltd and WH Packaging Co, Ltd to set up factories in Phnom Penh and Kandal. Credit: [IvanRiver – Shutterstock]
The Cambodian Development Council has approved fresh investments into garment factory Fitly Apparel and packaging factory WH Packaging, worth over $10m, creating over 2,900 jobs.
In a Facebook post by the council, the Cambodia Investment Board (CIB) of the Cambodian Development Council said it has issued the certificate of registration of investment projects to the following companies:
Fitly Apparel CO, LTD: The project aims to establish a garment factory located in the Khan Por Senchey district, Phnom Penh with an investment capital of approximately $5.3m whilst accumulating 1,891 jobs.
WH Packaging CO, LTD: This project wants to establish a packaging factory located in the Russey Chroy commune, Muk Kampoul District, Kandal Province, with an investment of $5.1m and create 1,076 jobs.
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