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ខ្មែរ 
Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years
- 16 March 2024
Global real estate network IQI has forged a Memorandum of Understanding (MoU) to establish an advanced technology manufacturing park in Cambodia. The initial phase of the high-tech park, known as the Cambodia Malaysia China High-Tech Park, boasts a gross development value of US$300 million and spans an area of up to 100 hectares, with potential expansion to 2,000 hectares, according to Edgeprop da...
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NR 33 Rehabilitation Project Exceeds Expectations, Progress at 55% Faster Rate
- 16 March 2024
The rehabilitation and enhancement project of NR 33 has surpassed expectations, achieving over 55% completion as of 15 March 2024, which is 17% faster than initially planned. This notable progress was confirmed during a meeting chaired by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport and Project Director. Also present were the Undersecretary of State, the Gen...
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EU Commits US$13m Grant for Bakheng Water Treatment Plant Phase 3
- 15 March 2024
The European Union (EU) has pledged a grant of US$13 million for the implementation of Bakheng Water Treatment Plant Phase 3, as announced by HE Jutta Urpilainen, European Commissioner for International Partnerships, during a visit to the plant on 13 March. HE Hem Vanndy, Minister of Industry, Science, Technology, and Innovation (MISTI), also participated in the visit, as outlined in a press relea...
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Progress Update: Mekong River Bridge Construction in Kratie Province Reaches 45% Completion
- 15 March 2024
The Ministry of Public Works and Transport (MPWT) has announced that the construction of a Mekong River bridge in Kratie province, funded by China with a budget of US$111 million, has reached 45% completion, with the connecting road at 15%. HE Lim Sidenin, Secretary of State of the MPWT, led a technical working group to inspect the project's progress on 14 March. The project encompasses the ...
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Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia
- 15 March 2024
The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a width of 100 metres and a depth of 5.4 metres, the canal is primed to accommodate cargo ships of up to 3,000 DWT. Spanning four provinces, the project encompasses the constr...
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Gov’t Advances Modern Technology for Maintenance of Over 50,000km of Rural Roads
- 14 March 2024
HE Chhay Rithi Sen, Minister of Rural Development, has urged relevant officials to adopt modern technology for the upkeep of rural roads, which now span more than 50,000 kilometres across Cambodia. This directive was issued during a meeting on 13 March 2024, convened to review and discuss the priority program titled "Development of Physical Infrastructure and Rural Transportation" of the Minist...
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The 9th PropertyGuru Cambodia Property Awards begin search for the kingdom’s finest real estate
- 14 March 2024
DISTINGUISHED AWARDS PROGRAMME IS NOW OPEN TO ENTRIES AMID ECONOMIC RESURGENCE AND TOURISM GROWTH PHNOM PENH, Cambodia — The 2024 PropertyGuru Cambodia Property Awards is now inviting entries for the grandest celebration of the kingdom’s finest real estate. The 9th Annual PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will be celebrated Friday, 26 July 2024 at Sofitel Phn...
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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
- 14 March 2024
In the initial two months of 2024, Cambodia's international trade volume surged to over US$8 billion, registering a notable increase of nearly 20% compared to the corresponding period in 2023, as per the provisional report from the General Department of Customs and Excise of Cambodia. The report reveals that from January to February, Cambodia's exports to major countries surpassed US$3.9 billio...
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Transformative Infrastructure Initiatives Propelling Southwest Cambodia towards Logistics Hub Status
- 14 March 2024
Prime Minister Samdech Hun Manet of Cambodia has emphasised that the implementation of significant infrastructure projects, including the Funan Techo Canal and Techo International Airport, will elevate the southwestern region of the country to a pivotal logistics hub. Prime Minister Hun Manet articulated these views while inspecting the ongoing development of the US$1.5 billion 4F-class airport...
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Japan Extends Concessional Loan for Regional Hospital Development in Cambodia
- 13 March 2024
In a significant gesture of bilateral cooperation, Japan has extended a concessional loan totalling JPY 21,104 million (approximately US$154 million) to Cambodia for the development of regional hospitals. The formal exchange of notes and accompanying documents took place on 13 March, with HE Sok Chanda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation o...
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Surge in Chinese Tourists Boosts Angkor’s Tourism Sector, 140% Increase from 2023
- 13 March 2024
In a remarkable uptick, the number of Chinese tourists flocking to Angkor Wat witnessed a staggering 140% increase during the initial two months of 2024 compared to the corresponding period in 2023. According to a report by XINHUANET on 8 March 2024, a total of 16,074 Chinese visitors explored the historic site, marking a substantial rise from the 6,690 recorded in 2023. The significance of Chi...
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In February, Cambodia Secures Nearly US$1.2bn for Development with 37 New Projects
- 13 March 2024
In a noteworthy surge of economic activity, Cambodia witnessed a substantial influx of investment totalling nearly US$1.2 billion during February 2024. This significant investment, as revealed in a press release by the Council for the Development of Cambodia on 12 March 2024, is poised to propel the development of the nation through the approval of 37 new projects and production expansion endeavou...
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