Cambodia’s Electricity Capacity Set to Expand Significantly by 2024

By 2024, Cambodia is poised to enhance its electricity generation capacity to an impressive 5,044 megawatts, alongside a substantial extension of transmission lines to 3,890 kilometers. During the closing ceremony of the Electricity Authority’s conference on 3 February 2025, HE Keo Rattanak, Minister of Mines and Energy, confirmed that these targets had been met. The country’s electricity gener...

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BYD to Establish Vehicle Assembly Plant in Sihanoukville Economic Zone

In a significant boost to Cambodia’s automotive industry, BYD, China’s leading electric car manufacturer, has announced plans to establish a vehicle assembly plant within the Sihanoukville Special Economic Zone. The project, which involves an investment of USD 32 million, is expected to create over 200 jobs and contribute to the local economy. The assembly plant is slated for completion in Nove...

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China & Japan Unite to Support Mine Clearance Efforts in Cambodia

In a significant move to enhance safety and promote development, China and Japan granted nearly USD 6 million to support ongoing mine clearance operations in Cambodia. This funding will focus on the Cambodian Mine Action Center (CMAC) and the Japan Mine Action Service (JMAS), focusing on eight provinces affected by landmines and unexploded ordnance. Chinese support, amounting to USD 4.4 million...

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Progress Report on National Road 5: Final Section Construction Updates

As of early February 2025, significant progress has been made on the final section of National Road 5, stretching from Seri Sophon to Poipet. With a total length of 35.14 kilometers, this crucial infrastructure project is currently 29% complete and is on track for completion in 2026. HE Phon Rim shared the update as the Ministry of Public Works and Transport spokesperson during a press briefing...

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European Nations Unite to Boost Investment into Cambodia

A coalition of consuls general from nine European Union (EU) countries has committed to enhancing investment opportunities in Cambodia. The countries represented include Egypt, Italy, Sweden, Austria, Belgium, Denmark, Norway, Spain, and the United Kingdom. This collaborative effort was unveiled during a meeting with His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of th...

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World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub

In a significant commitment to Cambodia's economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related to the Logistics Performance Index (LPI) on ...

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Cambodia Welcomes 12 New Investment Proposals Worth USD 135 Million

In a promising development for the nation’s economy, Cambodia received 12 new investment proposals in early February, collectively valued at USD 135 million. These proposals were submitted to the Cambodia Investment Committee, part of the Council for the Development of Cambodia, and will be examined at the upcoming second “Single Gateway Meeting” in 2025. The meeting will be chaired by HE Chea ...

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Japanese Company Investments Boosts Cambodia’s Electronics Sector

In a significant move for Cambodia’s burgeoning electronics industry, Minebea (Cambodia) Co., Ltd., a prominent Japanese firm, has announced an additional investment of approximately USD 15 million to further expand its electronic equipment manufacturing operations in the country. The announcement came during a meeting between HE Chea Vuthy, Secretary General of the Investment Committee of Cambodi...

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As of 2024, Phnom Penh Has 1,877 High-Rise Buildings with 5 Floors or More

As of 2024, Phnom Penh has a total of 453 apartment buildings and 1,877 high-rise buildings with five or more floors. This information was presented by HE Keut Chhe, Deputy Governor of Phnom Penh, on 1 February 2023. Phnom Penh, Cambodia's largest capital city, is experiencing rapid urbanization and industrial growth. HE Keut Chhe highlighted that by the end of 2024, the number of apartment ...

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Southeast Asian Real Estate Markets Poised for Unprecedented Growth

Southeast Asia's real estate landscape is experiencing a transformative shift, with premium properties in Singapore's city center commanding USD 20,000 per square meter while emerging markets like Cambodia offer entry points as low as USD 1,000 per square meter. This comprehensive market analysis draws from extensive regional property data and market forecasts across five key Southeast Asian natio...

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Indonesia Set to Invest Nearly USD 3 billion to Complete Second Phase of New Capital Development

The Indonesian government will allocate an additional 48.8 trillion IDR (approximately USD 2.99 billion) to continue its new capital (IKN) development during the second phase, which spans from 2025 to 2029. Vietnam Plus reported this information on 23 January 2025. In the first phase (from 2022 to 2024), the Indonesian government has already invested 89 trillion IDR into essential infrastructur...

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Cambodia’s Tourism Ticket Revenue Exceeds USD 7 Million in January 2025

Cambodia's tourism sector experienced a significant boost in January 2025, generating over USD 7 million from ticket sales to various attractions. The total revenue from these sales reached an impressive USD 7,097,602, reflecting the growing appeal of the country's cultural and natural wonders. According to a report released by the Angkor Foundation on February 1, 2025, a remarkable 146,140 for...

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