Kep Plans to Build Two Ports Under ADB Project
The Kep Provincial Administration plans to build two standard ports for fisheries and tourism under the Asian Development Bank's Sustainable Coastal and Marine Fisheries Project. A meeting on the project was held on 27 April, chaired by Mr. Vao Sokha, Deputy Governor of Kep Province, and ADB representative Mr. Lindsey Saunders, Team Leader of the Sustainable Coastal and Marine Fisheries Project...
Read MoreMinistry Urges Shipping Agencies to Apply for License by July
The Ministry of Public Works and Transport has announced that all shipping agency companies have to apply for ship agent licenses by no later than 29 July 2022, before the port Electronic Data Interchange (Port EDI) system is officially launched. The ministry said in a statement dated 28 September 2021 on the procedure for licensing shipping agencies that after the announcement on the licensing...
Read MoreMalaysia Invests US$3 billion in Cambodia
Cambodia received US$3.2 billion in direct investment from Malaysia as of February 2022, according to a press release from the Ministry of Foreign Affairs and International Cooperation. Malaysians have invested in the financial, manufacturing, real estate, hotels and restaurants, agriculture, and construction sectors in Cambodia, worth a total of US$ 3.2 billion. The figure was revealed duri...
Read MoreOver 200 Families in Banteay Srei District Receive Water Wells & Tanks with 10,000 Litre Capacity
“Good wells for the community" equipped with a pumping system and a 10,000-litre water tank was first ever installed in Trapeang Thmor village, which faced severe water shortages in the dry season and was one of the poorest villages in Banteay Srei district, according to the Banteay Srei district governor Khim Finan. This was the first time that all 245 Trapeang Thmor village families had achie...
Read MoreAward-Winning Residential Project La Palm Launches New Borey in Southern PP
After the success of their first project, Borey La Palm has once again inked a partnership deal with Pointer Property Co., Ltd. to launch its second project—Palm Springs. The signing ceremony appointing Pointer Property as the exclusive sales and marketing partner for the Palm Springs project took place on 30 April and was joined by both firms’ executive boards. The Palm Springs project will...
Read MoreMalaysia SME Association, CCA Discuss Business Opportunities in Construction Sector
A group of Malaysian investors led by the SME Association of Malaysia on Friday made an official visit to the Cambodia Constructors Association (CCA) to discuss investment opportunities and business partnerships with local firms within prioritised sectors. The meeting was chaired by CCA Chairman Neak Oknha Pung Kheav Se and the President of the Malaysian Business Chamber of Cambodia Oknha Tan K...
Read MoreUS$1.4bn Waste-to-Hydrogen Plant Planned to Be Built in Oman
A waste-to-hydrogen plant with an investment value of US$14 billion is to be built in Oman. Once completed, it will be able to generate 67,000 tons of green hydrogen annually. US-based hydrogen generation and storage company H2-Industries has already signed an MoU with Madayn (Public Establishment For Industrial Estates) for this power project already, according to Power Engineering Internation...
Read MoreDara Sakor Airport Flight Validation 60% Complete
The flight validation of key equipment, facilities, and staff capacity at the Dara Sakor airport in Koh Kong province is 60% complete, aiming for completion in June and conducting the first flight test in July. HE Sin Chansereyvutha, Under-Secretary of State and spokesperson of the State Secretariat of Civil Aviation (SSCA) said on 29 April that the flight validation could be finished later tha...
Read MoreFDI in 2021 at US$4.3 billion, 47% drop Y-o-Y
In 2021, Cambodia received a total of US$4,357 million in foreign direct investment (FDI), a decrease of 47 % compared to the amount in 2020 with a total FDI of US$8,250 million. According to the Council for the Development of Cambodia (CDC), FDI from China remains the top one at US$2,326 million, a 67% increase y-o-y. FDI from Singapore and the United States was worth US$121 million and US$...
Read MorePPAP: Construction of Seven River-Based Ports to Cost Approx. US$70 million
The construction cost of the planned seven river-based ports is estimated at over US$70 million in total, or at least around US$10 million, as it varies depending on the condition and location of each port. HE Hey Bavy, Director General of the Phnom Penh Autonomous Port (PPAP), said on 25 April that four of the planned seven ports are already under construction. He confirmed that the constru...
Read MoreConstruction on US$1.3 billion Kampot Multi-Purpose Port to begin in early May
Construction on a new US$1.3-nillion multipurpose port & logistics centre in Kampot province.is set to begin in early May, according to Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol said on 27 April during the SHV port inspection that the development of infrastructure, roads, railways and ports are very vital, responding to the growth of the country's economy. “...
Read MoreCambodia’s Four Coastal Provinces Receive US$100m for Sustainable Marine Development Projects
A US$100 million fund from the Asian Development Bank (ADB) and French Development Agency (FDA) has been approved for implementing sustainable marine development projects in four of Cambodia’s coastal provinces including Koh Kong, Sihanoukville, Kampot and Kep. ADB will contribute US$70 million including loans and grant aid, while AFD will provide US$30 million. Kep Deputy Governor Vov Sokha...
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