Ten Investment Projects Worth US$1.8 billion Approved for PP & Seven Other Provinces

The Council for the Development of Cambodia (CDC) has given permits to ten private firms to invest a total of US$1.89 billion setting up garment & production factories, power plants, hydropower dam, and a logistics centre in various provinces across the kingdom. According to the CDC announcement on Monday 17 January, the firms include: 1. INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD establish...

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New Five-Star Hotel Worth US$128 million Approved for Boeng Keng Kang District

The Council for the Development of Cambodia (CDC) has given a permit to K.B.X Investment Co., Ltd to invest US$128 million in building a new five-star in the centre of Phnom Penh city. According to the CDC announcement on Monday 17 January, the hotel will be located along Monivong Blvd, in Sangkat Boeung Keng Kang III and will create at least 730 jobs for locals. On the same day, CDC also ga...

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Gov’t Approves US$1.3-billion Multipurpose Port & Logistic Centre for Kampot Province

The Council for the Development of Cambodia (CDC) has given a permit to Kampot Logistics & Port Company Limited to invest US$1.3 billion in establishing a multipurpose port & logistic centre in Kampot province. According to the CDC’s announcement on Monday 17 January, the project will be located in Changhon village, Sangkat Prek Tnaot, Bokor City and will create at least 590 jobs for lo...

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Japan to Help Improve SHV Deep-Sea Port Management & Operation System

The project to improve the management and operation system at the Sihanoukville deep-sea port phase 3 is set to begin in May, as Cambodia and Japan have just signed a Record of Discussions to officially launch the cooperation. The signing ceremony was held on January 17 in the presence of Sihanoukville Autonomous Port (PAS) CEO HE Lou Kim Chhun and JICA Cambodia Chief Representative Ms Kamei Ha...

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Pursat’s Krakor District to Host Kingdom’s Largest Solar Farm Cluster & Emerging SEZ

A private company firm will invest in building an additional 150MW solar power plant on top of the existing 90MW plant in Sna Ansa commune, Krakor district, Pursat province. The expansion project will make Krakor district host a cluster of solar plants with over 240MW power, the largest in the Kingdom. Director-General of Electricite du Cambodge (EDC) HE Keo Rattanak unveiled the plan during th...

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New Stadium in Pursat Province Inaugurated

The new stadium in Pursat Province’s Phnom Kravanh district was officially inaugurated by Pursat Governor HE Chiao Tay and Secretary of State of the Ministry of Mines and Energy HE Tin Norin on Saturday 15 January. Construction on the new stadium began in 2018 and was completed in 2021 with a national budget of over 100 million riels. The new stadium includes 1 football pitch, 2 volleyball c...

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Koh Kong Authority Confiscates 102ha of Illegally Encroached Land

The Koh Kong Provincial Administration has confiscated 102 hectares of land in Tuol Kokir Kraom village, Tuol Korkir commune, Mondol Seima district from illegal encroachers and converted it back to state private land. According to the decision No. 005/22 dated 14 January 2022, the authority also nullified all titles deeds, or any ownership documents related to the aforementioned land. Koh Ko...

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International Business Chamber to Help Digitise Public Works & Transport Sector

The International Business Chamber of Cambodia (IBC) will support the Ministry of Public Works and Transport (MPWT) in digitising the public works and transport sector through the Telegram Bot. The meeting between the two parties was held on 14 January and joined by the Director of the Department of Information Technology and Public Relations Heang Sotheayuth and IBC Executive Chairperson Paul ...

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Two Investment Projects Worth US$22 Million for Sihanoukville & Takeo

The Council for the Development of Cambodia (CDC) has given permits to private firms to invest over US$22 million, setting up two factories in Sihanoukville and Takeo. According to the CDC’s announcement on 14 January, the two firms include: YH FINE MATERIALS CO., LTD to establish a micro silica & silica powder factory in Prek Pros Village, Teuk Thla Commune, Prey Nob District, Sihanoukv...

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Alpha Commercial Bank Invests US$10m in New PP Airport Bonds

Alpha Commercial Bank PLC has invested US$10 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport in Kandal province. The agreement was signed was held on Friday 14 January by CAIC Director Charles Vann and Alpha Commercial Bank PLC Chairman Oknha Ly Kunthai under the presence of OCIC Chairman Neak Oknha Pu...

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US$230-million 45-storey Chip Mong Tower Building Topped Off

Chip Mong Group held a topping-off ceremony on Friday 14 January for the 45-storey Chip Mong Tower, an international mixed-use commercial building with an investment of US$230 million, located along Russian Blvd in Phnom Penh city. Neak Oknha Leang Khun, Co-Founder and Chairman of Chip Mong Group, said that the completion of the structure to the top of the 45-floor building is an important achi...

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Cambodia Refines Nearly 1,500kg of Gold Ore in 7 Months

Australian firm Renaissance Limited (Cambodia), which received a license to operate Cambodia’s first commercial-scale gold mining in Mondulkiri province, has refined nearly 1,500kg of gold ore in seven months. The amount of gold ore was presented by HE Suy Sem, Minister of Mines and Energy during a hand-over ceremony of the ministry’s building to the National Committee for Disaster Management, ...

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