South Korea’s Yurahanes Invested US$ 15M to Expand Car Electronics Assembly Plant in Kampong Speu
South Korean company Yurahanes (Cambodia) is set to expand its car electronics assembly plant in Kampong Speu province, following an investment of over USD15 million. The factory, which employs 1,200 workers, including seven foreign specialists, was inaugurated under the presidency of HE Deputy PM Hun Many on 26 April 2023. The plant is located in […]
Cambodia Approves USD1.2 Billion in Investments for 53 Projects in August, Creating Over 33,000 Jobs
In August 2024, the Council for the Development of Cambodia approved 53 new projects, amounting to over USD1.2 billion in investments, set to create more than 33,000 jobs nationwide. Of these, 46 projects are new investments, while seven are production expansion initiatives. A total of 31 projects will be developed outside Special Economic Zones (SEZ), […]
Techo International Airport to Undergo 5 Days Final Flight Inspections Ahead of 2025 Launch
Techo International Airport, Cambodia’s largest and only 4F-class airport, will conduct a five-day flight inspection from 8 to 12 September 2024, as it gears up for its scheduled opening in the first half of next year. HE Sin Chanserivutha, Under-Secretary of State and Spokesman for the State Secretariat of Civil Aviation, confirmed that this critical […]
Cambodia Secures US$2 Million in Special Funds from Mekong-Lanchang Cooperation for 2024 Development Projects
Cambodia has been granted a US$2 million special fund from the 2024 Mekong-Lanchang Cooperation (MLC) to support the development of eight strategic projects, according to a press release issued by the Ministry of Foreign Affairs and International Cooperation on 3 September 2024. These projects span critical sectors such as tourism, demining, agriculture, rural development, public […]
Kratie Celebrates the Official Opening of its First US$140 Million Tyre Factory
Cambodia’s first-ever tyre factory, Newbustar (Cambodia) Tire Co., Ltd., with an investment of US$140 million, officially opened its doors in the UBE Snuol Special Economic Zone, Kratie province, as per the Cambodia Development Advisor’s press release on 6 September 2024. The factory, spanning a 40-hectare site, began operations in May 2023, marking a major milestone […]
Hong Kong’s Fung Group Eyes Expansion in Cambodia’s Textile Industry, Exploring New Investment in SEZs
Fung Group, a prominent Hong Kong-based conglomerate, has expressed interest in expanding its investments into Cambodia’s textile and garment sectors, particularly within the country’s Special Economic Zones (SEZs). This intent was shared during a working meeting between HE Sun Chanthol, First Deputy Prime Minister and Vice President of the Council for the Development of Cambodia […]