Government Greenlights 21 New Projects in November, Attracting Investments of US$619 Million
The Council for the Development of Cambodia (CDC) gave the green light to 21 new projects in November 2023. This strategic move, encapsulating a total investment of nearly US$619 million, is poised to generate approximately 22,000 job opportunities, marking a significant leap forward in the nation's economic trajectory, according to a CDC press release on 8 December 2023. Highlighted among thes...
Read MoreCambodia & Singapore Unveil US$12 Million State-of-the-Art Cashew Processing Plant in Kampong Thom
CSNC Agriculture, a dynamic Cambodian-Singaporean venture, proudly inaugurated its state-of-the-art cashew processing plant Valued at US$12 million, in Sno village, Trapeang Russey commune, Kampong Svay district, Kampong Thom province. The groundbreaking ceremony, held on 6 December 2023, witnessed the presence of Mr. Kong Vimean, Secretary General of the General Secretariat of the Council for...
Read MoreGov’t Allocates Over 91 Hectares of Land from Forest Cover in Kampot Province to Private Ownership
The Cambodian government has earmarked a substantial 91,540 hectares of land in Changkon village, Sangkat Prek Thnaot, Bokor city, Kampot province. This transformative decision, outlined in Sub-Decree No. 240 signed on 9 August 2023, designates this area, once part of the forest cover, for private ownership under the stewardship of Mr Heng Sour. The land is subdivided into state-owned private l...
Read MoreVietnam’s Ceramic Industry Soars: Ranks Among Top 10 Global Producers
In a remarkable achievement for Vietnam's construction sector, Deputy Minister of Construction Nguyen Van Sinh announced that the country has secured a prestigious spot among the world's top 10 construction ceramic producers. Notably, Vietnam stands out as the world leader in ceramic tile output, claiming the impressive fourth position globally. This revelation, reported by vietnam.postsen.com on ...
Read MoreLSCG Group in Partnership with Chinese Company: Unveils Plans for New US$804m Industrial Zone Near Phnom Penh
In a groundbreaking collaboration, Mr Ly Sok Chhay, General Director of LSCG GROUP, has joined forces with a prominent Chinese company to embark on a joint venture – an investment of US$804 million to establish a sprawling 500-hectare industrial zone in Phnom Penh. Expressing the vision behind this ambitious project, Mr Ly Sok Chhay disclosed the company's quest for approximately 500 hectares o...
Read MoreCambodia Seeks Support from China to Establish a Natural Resource Data Management Centre
In a pivotal move, the National Assembly of Cambodia has extended a proposal to the Standing Committee of the Guangxi Provincial People's Congress in the People's Republic of China to establish a natural resource management data center aimed at enhancing the development of vital fish and rice corridors. This transformative initiative was discussed during a significant meeting between HE Dr Cheam Y...
Read MorePM Proposes Transformative Partnership: Japan-Cambodia Industrial Park for Logistics Advancement
In a strategic move to propel Cambodia's logistics sector, Samdech Prime Minister Hun Manet has extended an invitation to Japan for the establishment of a collaborative industrial park. The proposal came to light during a significant meeting between Samdech PM Hun Manet and Ambassador Ueno Atsushi of Japan on 7 December 2023. Japan, showcasing a commitment to fortifying its collaboration with C...
Read MoreGov’t Plans to Transform Run Ta Ek Area into Run Ta Ek City with Robust Infrastructure
In a visionary initiative, the Cambodian government is set to transform the Run Ta Ek area into a bustling urban center, aptly named Run Ta Ek City. Samdech Hun Manet unveiled this ambitious plan during a gathering with residents of Run Ta Ek village on 8 December 2023, in Siem Reap province. Expressing the government's commitment to enhancing the lives of the residents in the Run Ta Ek area, S...
Read MoreBeijing Urban Construction Group Explores Water Treatment Initiatives in Cambodia
Samdech Hun Manet, Prime Minister of Cambodia met with Mr Li Daosong, President of Beijing Urban Construction Group Co., LTD (BUCG) at the Peace Palace on 7 December 2023 who shared details about the company's plans to conduct feasibility studies for water treatment projects in Cambodia. The proposed initiatives focus on establishing water treatment systems in both the eastern and western regio...
Read MoreAs Takhmao Techo International Airport achieves 55%, New Phnom Penh Expressway Connection Confirmed
Progress on the construction of the Techo Takhmao International Airport project is currently at 55% with work to date consuming over 50% of the estimated US$1.5 billion project value. The airport is scheduled to commence operations in early 2025, marking a significant milestone in Cambodia's infrastructure development. Loak Okhna Charlves Vann, Director of Cambodia Airport Investment Co Ltd, revea...
Read MoreGrand Unveiling: Siha Hotel & Casino, Malaysia’s US$50m Marvel, Shines in Sihanoukville
On 3 December 2023, Siha Hotel and Casino, a lavish investment worth US$50 million nestled in Group 14, Village 1, Sangkat 3, Sihanoukville, was inaugurated by HE Kouch Chamroeun, Governor of Preah Sihanouk Province. Expressing admiration for Malaysia's significant investment in Sihanoukville's hospitality sector, HE Kouch Chamroeun highlighted the strategic decision by Malaysian investors to c...
Read MoreISI Park Veng Sreng: A Transformative Oasis Unveiled by ISI Group & Urbanland
In a spectacular unveiling, ISI Group and Urbanland set the stage for a new era in urban development with the official launch of ISI Park Veng Sreng. The culmination of over 25 years of visionary progress, ISI Park Veng Sreng emerges as a cutting-edge mixed-use business and lifestyle hub, promising to redefine the landscape of Veng Sreng. The Media Night, held on 6 December 2023 at the ISI Towe...
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