Transformative Mekong River Bridge Project in Kratie Province Gains Momentum, Reaches 15% Completion
A large infrastructure project is swiftly shaping the landscape of Kratie province as the construction of a pivotal bridge across the Mekong River marks a significant milestone, achieving an impressive 15% completion rate as of July 2023. The project progress, overseen with a visit by the Kratie Provincial Department of Public Works and Transport in […]
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China Approves Six New Nuclear Reactors to Expand as World’s Biggest Pipeline of New Atomic Energy
In a resolute move that underscores its commitment to bolstering its nuclear capabilities, China’s State Council has granted the green light for the construction of six new nuclear power units, signifying a monumental stride in the nation’s ongoing pursuit of expanding its extensive pipeline of groundbreaking atomic energy initiatives. The approved projects, with a combined […]
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Gov’t Expands Two Large Wildlife Sanctuaries to Protect Wildlife & Natural Resources
The Cambodian Government has taken resolute action to rejuvenate and enhance the conservation efforts of two crucial wildlife sanctuaries. The expansion of Phnom Oral Wildlife Sanctuary and Prey Lang Wildlife Sanctuary, as sanctioned by Sub-Decree No. 181 ANKR.BK and No. 194 ANKR.BK on 17 July 2023, underscores the nation’s commitment to protecting its wildlife and […]
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CamDX Registers Construction Companies with Investment Capital of US$1bn & Real Estate Firms with US$921m
The innovative Online Business Registration Platform, CamDX, has emerged as a catalyst for economic growth, registering an impressive influx of investments within Cambodia’s construction and real estate domains. As of July 2023, the platform has facilitated the registration of construction companies boasting a combined investment capital of US$1.07 billion, while concurrently ushering in real estate […]
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Progress Reaches 65% in Conversion of Old Railway into Modern Concrete Road, Russey Keo
The ambitious project to renovate the former 4,400-metre-long railway line in Russey Keo district into a reinforced concrete road has edged closer to completion, boasting a commendable 65% progress. National Television of Cambodia shared this significant update on 31 July 2023. This transformative initiative is set to redefine connectivity in the region, with the conversion […]
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Expert: Real Estate Market Declines in 2023 Present Unique Opportunity for Buyers
In a year where the real estate market witnessed a concerning decrease, buyers in Cambodia find themselves in a uniquely advantageous position, as properties are being offered at prices below market value, presenting an exceptional opportunity for those looking to invest in the property market. According to Ms Thida Ann, Managing Director of PropNexkh, the […]
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Construction & Real Estate Sector Show Signs of Recovery in H1 2023
The echoes of recovery reverberate through Cambodia’s construction and real estate sectors, painting an optimistic picture as the nation strides forward into the first half of 2023. A surge in the import of construction materials and equipment, registering a 0.4% increase, amounting to approximately US$911 million compared to the previous year, signifies an industry back […]
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Cambodia Attracts Tech Giants: Korean & Chinese Firms Explore Setting Up Advanced Factories
Cambodia’s fervent drive to foster technological progress and human resource development in the realm of cutting-edge industries is attracting the attention of major international players from China and South Korea. Diving into a realm of potential, these global giants are earnestly evaluating the feasibility of establishing advanced technology factories within Cambodia, including the pivotal domain […]
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Forging Stronger Ties: Cambodia Extends Invitation to Australia for AusTrade Office
A momentous meeting between the Cambodian private sector, led by Okhna Kith Meng President, of the Cambodian Chamber of Commerce, and Australian Special Envoy for Southeast Asia, Mr Nicolas Moore, marked a pivotal step towards fortifying bilateral relations between Cambodia and Australia through official meeting on 10 July 2023. At the heart of the discussion […]
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Vietnam’s Cutting-Edge Rubber Processing Plant Unveiled in Kampong Thom, Paving the Way for Enhanced Production
Vietnam’s Chipa rubber processing plant in Kampong Thom, capable of processing 2 tons of rubber per hour was officially launched in an inauguration ceremony on 28 July 2023. Located in Dang Kambit commune, Sandan district, Kampong Thom province, the factory’s completion aligns seamlessly with the planned timeline, showcasing the efficacy of strategic partnerships. Governor HE […]
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Cambodia’s Citizenship by Investment Ranked 11th, Emerges as Key Catalyst for Foreign Real Estate Interest
Cambodia’s real estate market is witnessing a surge in foreign interest, fuelled by its impressive Citizenship by Investment (CBI) program, which recently earned the remarkable 11th spot in Henley & Partners’ global rankings. This naturalisation offers foreign investors the gateway to become freehold landowners in the country. For years, foreign investors looking to invest in […]
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Vietnamese Automaker Invests US$2 bn in EV Factory Construction in North Carolina, USA
Vinfast, a Vietnamese electric vehicle manufacturer under Vingroup, and a pioneer in electric vehicle (EV) manufacturing, held a groundbreaking ceremony for its North Carolina electric car plant on 28 July 2023. This achievement sets the stage for a transformative economic development project with an impressive $2 billion investment in the first phase of construction, sprawled […]
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