April 21, 2011

Cambodia Approves US$17-million Project to North Korean Company


The Council for the Development of Cambodia (CDC) has approved a US$17-million investment project to a North Korean company.

The project has been granted in January to Mansudae New Tech Corporation Ltd. for house development projects.

This project is welcomed by Mr. Sung Bonna, President of National Valuers Association of Cambodia.
“I used to hear North Korean’s investment in catering, but not in construction and now it is our good news,” he said.

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