English 
ខ្មែរ 
Gov’t Establishes 29 New Villages in Kratie Province
- 16 January 2023
The Ministry of Interior has established 29 new villages in Kratie province's Snuol district to facilitate local management and development. According to Prakas No. 6946, these new villages are taken from existing villages of some communes of Snuol district, including: - Dangrek village and Trapeang Chhouk village in Khum commune - Samaki village, Rovieng Chey village, O'Bob Rong villa...
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Experts optimistic about Cambodia’s real estate recovery in 2023
- 16 January 2023
Despite the Covid-19 crisis and the global economic crisis, local real estate experts have expressed optimism over the recovery of Cambodia's real estate market in 2023. President of KW Cambodia Oknha Kim Heang said that in the last three years from 2020 to 2022, many real estate companies have closed due to the impact of Covid-19. In 2023, there will be many more closures, but at the same time...
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Battambang selected as the city with best new year celebration events
- 16 January 2023
Battambang province was ranked No. 1 in the "City with the best New Year Celebration" competition, according to the announcement of the National Committee for Clean City Assessment on 10 January. The evaluation is made on the new year events held from 31 December 2022 to 2 January 2023) by allowing the public to vote on the website: http://bestcountdowncity.cambodiacheancity.gov.kh/. With Ba...
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Construction of US$35m Russey Keo bridge 93% Complete
- 16 January 2023
As of 16 January, the construction of the Russey Keo cable bridge across the Tonle Sap River has been 93% completed. The main structure of the bridge has already been completed with both sides connected. The structure completion ceremony was held on 16 January under the presidency of Phnom Penh Governor Khuong Sreng and OCIC Chairman Neak Oknha Pung Kheav Se. This new cable bridge is 20.5m...
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Japan Assists Cambodia in Planning Urban Water Supply Development
- 16 January 2023
The Ministry of Industry, Science, Technology, and Innovation, in collaboration with the Japan International Cooperation Agency (JICA), will co-develop an urban water supply development plan. The agreement was signed between the two parties on 12 January 2023. The project will be implemented in mid-2023 when both parties will draft guidelines for the development of the urban water sector, ...
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Accor to Launch Cambodia’s First Ibis Budget Hotel in Q1 2023
- 14 January 2023
Renowned hotel group Accor will open the first Ibis Budget hotel in Cambodia, Ibis Budget Phnom Penh Riverside, in the first quarter of 2023. According to Travel News Asia last week, the Cambodian Overseas Investment Company (OCIC) of Neak Oknha Pung Kheav Se owns the new hotel. "We are happy to be able to propose for business and leisure travellers the opportunity to avail a new affordabl...
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Cambodia Receives Over US$4bn FDI in 2022
- 14 January 2023
In 2022, Cambodia received foreign investment inflows worth US$4.6 billion, an increase of 7.5% compared to 2021, according to the report of the Council for the Development of Cambodia. Foreign direct investment (FDI) in the SEZ accounted for 27%, while investments outside the SEZ accounted for 73%. Meanwhile, in 2022, local investors had a total investment of US$2.7 billion (75.7%) while ...
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Cambodia, S. Korea Vow to Further Strengthen Cooperation as Bilateral Trade Reaches US$5bn
- 14 January 2023
Cambodia and Korea are committed to expanding cooperation in all fields as bilateral trade volume reaches US$5 billion, according to a meeting between the President of the National Assembly of Cambodia Samdech Heng Samrin and the former President of the National Assembly of Korea Park Byeongseug on 12 January. During the meeting, the two leaders expressed a strong will to further strengthen an...
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Average Land Prices in Phnom Penh to Increase by Only 5% in 2023
- 14 January 2023
The average growth rate of land prices in Phnom Penh is expected to be as low as 5% in 2023, mainly due to the concern caused by the upcoming national election, according to the 2023 real estate market forecast report by PropNex Cambodia, The report added that the average land price growth rate in Phnom Penh dropped from 12% to 10% in 2020, 5% in 2021 and 6% in 2022. Despite the minimal g...
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Construction of New Road Connecting Bokor to NR4 approx. 60% Complete
- 13 January 2023
As of January 2023, the construction of a new road connecting Bokor National Park to NR4 with a total length of 61km, is approximately 60% complete according to a Sokha Real Estate announcement on 10 on January. This new road connecting to NR at km 158 + 200 from Bokor Mountain passed through the economic land concession of the palm plantation of Okhna Mong Reththy. The cost of the constru...
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Mid-Range & Affordable Housing Still in High Demand in 2023
- 13 January 2023
Mid-range and affordable housing will continue to see the highest demand in 2023 as the supply remains far below the demand of 30,000 units per year. Mr Chrek Soknim, CEO of Century 21 Mekong, said that in 2023, the demand for medium-priced and affordable housing will continue to be high demand due to the limited supply of this type of house compared to the actual demand, especially in Phnom P...
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Gov’t approves draft law to transform Sihanoukville into “Multi-Purpose Special Economic Zone”
- 13 January 2023
The Royal Government of Cambodia has fully approved the draft "Land Management and Use Policy for the Development of Sihanoukville as a Multi-Purpose Special Economic Zone 2022-2038". The draft law was approved at a cabinet meeting on January 13 chaired by Samdech Techo Hun Sen, Prime Minister of Cambodia, the government’s spokesman HE Phay Siphan said. The policy is aimed to direct and dete...
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