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ខ្មែរ 
Thailand to Begin Construction of $9bn Aviation City in 2023
- 28 January 2023
Thailand will begin construction on the US$8.82 billion U-Tapao aviation city early this year, a government spokesperson said on Friday 27 January. Deputy government spokesperson Tipanan Sirichana said that the project covers an area of 6,500 rai (1,040 hectares) in the eastern seaboard province’s Ban Chang district and requires an investment of THB290 billion in the form of a public-private p...
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Cambodia real estate market in 2023 to slightly recover along with lingering risks
- 28 January 2023
Local experts have projected that the Cambodian real estate market in 2023 will improve slightly, while still facing lingering risks that will last longer than expected. Mr Sorn Seap, President Cambodian Valuers and Estate Agents Association (CVEA), said no one could predict that the market would recover to the pre-COVID-19 rate as crises have yet to end. "In 2008, during the financial crisi...
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First Gov’t Bond Trial of Larger-Scale Public Fund Raising Mechanism
- 28 January 2023
The first set of government bonds is a trial for larger-scale capital-raising mechanisms in the future, said Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth. At a public forum on macroeconomic management on 25 January, HE Vongsey Visoth said the government bonds will help Cambodia become less dependent on foreign debt through local capital collection. "This bon...
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Malaysia pledges to bring more investors & tourists to Cambodia
- 28 January 2023
Malaysian Ambassador to Cambodia Datuk Eldeen Husaini Mohd Hashim has promised to bring more investors and tourists into Cambodia, especially Sihanoukville. Datuk Eldeen Husaini Mohd Hashim said that during the meeting with the Sihanoukville Provincial Administration top official recently Mr Mang Sineth, Deputy Governor of Preah Sihanouk Province, said that Sihanoukville has many natural res...
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Gov’t to Build Historic Park Along Tonle Sap River
- 27 January 2023
The Kampong Chhnang provincial administration will build a historic public park along the 16km Tonle Sap riverside according to a press conference on 26 January. Kampong Chhang Governor HE Sun Sovannarith stated the park will be a new tourist attraction site with a beautiful garden and other historical monuments. "We are now waiting for approval for the name from the government," he added....
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Inter-Ministerial Committee to Attract New Investors to Redevelop Unfinished Buildings in SHV
- 27 January 2023
The Inter-Ministerial Committee has set out a policy framework to resolve the more than 1,000 unfinished buildings in Sihanoukville by attracting new investors to complete the development of those buildings, through tax incentives and out-of-court dispute resolution. The committee approved the draft at a meeting held on 19 January 2022, according to HE Chea Kok Hong, Project Director at the Mi...
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Gov’t Reclassifies 300ha of Tonle Sap Area Land for Aquaculture & Tourism Development
- 27 January 2023
The Cambodian government has reclassified 300 hectares of land from the second and third zones of the Tonle Sap Area to develop into aquaculture and tourism projects. The 300 hectares of land will be under the administration of the Kampong Chhnang Provincial Administration and the Ministry of Agriculture, Forestry and Fisheries, according to a press conference on 26 January. The provincial...
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Kampong Chhnang Authority to Build Three Major Infrastructure Projects
- 27 January 2023
The Kampong Chhnang provincial administration will build three infrastructure projects to boost the transportation sector in the province. One project has already been approved by the government, while two others are awaiting approval. Kampong Chhnang Governor HE Sun Sovanrith stated in a press conference on 26 January that the three projects include a 3900m long bridge connecting Kampong Chhn...
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Impact Study Begins on Koh Thmey Development Project
- 27 January 2023
Sihanoukville provincial authority has begun the impact study on the Koh Thmey development project by HTTH Island Investment Co., Ltd. According to the meeting chaired by Sihanoukville Deputy Governor HE Long Dimanche on 24 January, the company will develop the ecotourism project on the new island in Prey Nob district. This project will cost approximately US$4 million in the first 3 years....
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Construction on US$29m Water Supply Station in Battambang Officially Starts
- 27 January 2023
The construction of a new US$29-million new water supply station in Battambang has officially begun. The ground-breaking ceremony was held on 25 January under the presidency of Minister of Industry, Science, Technology and Innovation HE Cham Prasidh. The project is managed under the Provincial Water Supply and Sanitation Project, financed by the Asian Development Bank (ADB) and co-financed by ...
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France Wants to Invest in High-Speed Rail Project in Cambodia
- 26 January 2023
A French delegation has expressed interest in investing in high-speed rail in Cambodia, aiming to help develop Cambodia's transport infrastructure, according to a meeting between the French delegation and Minister of Public Works and Transport HE Sun Chanthol on 25 January. In the meeting, Mr François Corbin, the representative of the Ministry of Europe and Foreign Affairs for Economic Relatio...
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Gov’t to Build More Dormitories Nationwide for Female Students
- 26 January 2023
Cambodia Prime Minister Samdech Hun Sen plans to build more dormitories in Phnom Penh and other provinces for female and poor students. PM Hun Sen said on 26 January that as the number of women in higher education is declining, he is considering building more dormitories for them in the capital and provinces. This will give them a place to stay while continuing higher education. He added...
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