Chinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August

Cambodia's investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August. In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee (CEC) and the Cambodian S...

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Mortgage Loans Surpass US$6.6 Billion Milestone by June 2023

Cambodia's real estate landscape is experiencing an impressive resurgence as mortgage loans from banks surged beyond the US$6.6 billion mark by June 2023, marking a substantial growth of 17.5% when compared to the corresponding period in the previous year. A recent report released by the National Bank of Cambodia on Monday 31 July unveiled the robust performance of the mortgage market, with mor...

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Samdech Techo Inaugurates Ring Road 3, Now Completed at Whopping US$464m

The highly anticipated inauguration of Ring Road 3, a testament to connectivity and progress, was celebrated under the leadership of Samdech Hun Sen, PM of Cambodia on 3 August 2023. Symbolising a beacon of sustainable development, the grand inauguration of Ring Road 3, after a colossal investment of US$464 million, resonated as a triumph of cross-border cooperation and steadfast commitment to ...

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Cambodia Achieves Successful Bond Issuance of US$27 Million in H1-2023, Equal to 13.5% of Plan

The Cambodian government has successfully issued bonds worth a total of US$27 million in the first half of 2023. This remarkable achievement signifies a substantial step towards the realisation of the planned US$200 million issuance, according to the release of the Ministry of Information on 31 July 2023. The Ministry of Information's release on 31 July 2023 underscored the significance of this...

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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 collaboration with CNC on 2 August 2023, attests...

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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 estimated investment...

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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 invaluable natural resources. ...

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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 esta...

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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 of the old railway s...

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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 current real estate market heavily fav...

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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 on the rise. A recent r...

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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 doma...

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