Chip Mong 271 Mega Mall to Open Tomorrow
The largest shopping in the south of Phnom Penh, Chip Mong 271 Mega Mall, will be opened to the public on 12 September, bringing a new shopping experience to all Phnom Penh residents. A large variety of both local and international brands are ready to open their doors from H&M, LYN, Calvin Klein, TEN11, Routine, 361°, Starbucks, Brown Coffee and Bakery, Bong Crab Restaurant, Pka K'nhey, Ste...
Read MoreConstruction Begins on Vietnam’s US$520-million Industrial Park
Construction has begun on a 10-sq-km industrial park in Vietnam’s southern province of Binh Thuan with a ground-breaking ceremony attended by Prime Minister Pham Minh Chinh. The construction will cost US$520 million and the park will serve sectors ranging from building materials to food processing when complete in 2025, according to GCR. The park will also feature two 450MW gas-fired power p...
Read MoreMOI Requests ADB to Build New Water Treatment Plants in Rural Areas
The Minister of Industry has requested the ADB to help build new water treatment plants to supply clean water to people living in rural areas. According to the meeting on 7 September 2022, the proposal was made by HE Cham Prasidh, Minister of Industry at a meeting to review the progress of ADB projects. The request to build small water treatment plants is for people living in rural or remote...
Read MoreThree Investment Projects Worth Over US$16.5m Approved for Kampong Spue province & PP
The Council for the Development of Cambodia (CDC) has decided to issue investment registration certificates with a total capital of more than 16.5 million US dollars to establish three factories in Kampong Speu and Phnom Penh. These private companies include: The first firm is CHINA TING (CAMBODIA) FASHION CO., LTD which will invest US$5.6m to establish a garment factory located in Trapeang ...
Read MoreGov’t to Amend PP & SHV Airport Management Contracts
The Cambodian government has set up a new inter-ministerial committee to review and amend the existing investment agreements of Phnom Penh and Sihanoukville International Airports. According to the announcement dated 7 September, the new inter-ministerial committee is chaired by Deputy Prime Minister Chea Sophara with HE Mao Havannal as the deputy chairman. The committee is responsible for r...
Read MoreFive Investment Projects Worth Over US$44m Approved for SHV & PP
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$44.4 million in establishing five factories in SHV province, and Phnom Penh. The first firm is Toyota Tsusho Manufacturing (Cambodia) Co., Ltd, which will invest US$36.7 million to establish an assembly plant in the Royal Group Phnom Penh Special Economic Zone. The second firm is WCFO (Cambod...
Read MoreCDC Approves 149 Japanese Investment Projects as of August 2022
The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment of about US$2.9 billion as of August 2022. The report was presented at the 24th Meeting of the Cambodia-Japan Joint Committee held on 7 September. The event was co-chaired by CDC Secretary-General HE Sok Chenda Sophea and Japanese Ambassador to Cambodia HE Masahiro Mikami w...
Read MoreNew Phnom Penh Police Commissariat Buildings Worth Over US$14m Inaugurated
Two new Phnom Penh Police Commissariat Buildings worth over US$14 million were officially inaugurated under the presidency of Deputy Prime Minister and Minister of Interior Samdech Sar Kheng on 8 September. The first building is an administrative building that is 40m wide and 50m long with a total area of 20,000sqm and 10 floors. The second building is a three-story meeting hall that is 30...
Read MoreNR48 Expansion Project 10% Complete as of August
The renovation and expansion of NR48 connecting Sre Ambel district and Khemarak Phoumin city in Koh Kong province is over 10% complete after multiple months of construction since early 2022. Heang Sotheayuth, a spokesperson for the Ministry of Public Works and Transport, confirmed on 8 September that by the end of August, the construction to expand and improve the quality of NR48 was 10.17% com...
Read MoreDeveloper to Establish Zero-Carbon, Car-Free City in Kuwait
Dubai-based developer URB plans to build a zero-carbon, car-free city in Kuwait to accommodate up to 100,000 residents, according to GCR. Located on a 16-sq-km site, south of Kuwait, the city named XZero would recycle all its water and waste. The city will host over 30,000 homes powered by renewable energy and fitted with sensors that automatically adjust lighting and ventilation. XZero will...
Read MoreCSX: Royal Railway Eligible to Apply for Bond Listing
The Cambodia Securities Exchange (CSX) has approved in principle that Royal Railway Plc, a subsidiary of the Royal Group, is eligible to apply for bond listing. However, to complete the bond listing process, Royal Railway must follow more conditions to get approval from the Securities and Exchange Regulator of Cambodia and meet further listing requirements of the CSX, read the press release iss...
Read MoreCambodia Signs US$600m in New Concessional Loans in H1 2022
The Cambodian government has signed new concessional loans with development partners worth approximately US$635 million in the first semester of this year, accounting for 30% of the ceiling permitted by law. 61% have been signed with bilateral development partners and 39% signed with multilateral development partners, according to the Cambodia Public Debt Statistical Bulletin issued by the Mini...
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