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Gianni Vince Bags (Cambodia) Co Ltd’s parent company based in Guangzhou, China, will commit $4.4 million to constructing the facility and employ 1,171 people, according to CDC.
The planned shoe factory in Kampong Speu province is valued at $4.1 million and will create 403 jobs.
The Garment Manufacturers Association in Cambodia (GMAC) welcomed the announcement, according to a newspaper report in the country.
The CDC in the recent past had approved eight investment projects with a total value of $71.4 million. Those are likely to create nearly 10,000 jobs. Six of those projects were in the garment, travel bag and shoe industries.
Fibre2Fashion News Desk (DS)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
