Cambodia Approves Over $5 Billion in Investments Across 346 Projects in 10 Months of 2024
Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over $5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country’s strengthened economic environment, […]
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Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks
By Sean O’Neill Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by […]
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Saudi Arabia’s Mukaab: the World’s Largest Building Breaks Ground
Construction is now officially underway on the Mukaab, a monumental 400-metre-high supertall skyscraper in Riyadh set to become the world’s largest building. Located at the heart of the 19-square-kilometer New Murabba development, the Mukaab will rise with cube-shaped dimensions, featuring 400-meter-long edges, and stand as a centerpiece of Saudi Arabia’s capital. The New Murabba Development […]
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Cambodia Construction Expo 2024 to Showcase Over 2,000 Products and Services on 5-7 December
The Cambodia Construction Expo 2024, a cornerstone event for the nation’s construction industry, is set to take place from 5 to 7 December 2024, promising to be a key driver of industrial growth. Organised by the Cambodia Constructors Association (CCA), the three-day exhibition will feature hundreds of domestic and international companies showcasing over 2,000 products […]
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Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
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China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
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Cambodia Launches National Committee to Oversee Forest Protection Land Grant Program
In a landmark effort to promote sustainable development, His Majesty King Norodom Sihamoni has signed a Royal Decree (No. នស/រកត/១១២៤/១៤១២) to establish a National Committee tasked with implementing the Forest Protection Land Grant Program. This initiative aims to provide social land concessions to homeless individuals and impoverished families for housing and agriculture while safeguarding forests […]
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Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference
The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024, to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided an essential platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, […]
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Chinese Danong Development Group to Transform Takeo’s Agriculture with Large-Scale Investments
Danong Development Group, a prominent Chinese company, has announced plans to invest significantly in Takeo Province’s agricultural sector, focusing on livestock farming and key crop cultivation. This ambitious initiative was unveiled during a meeting with the Takeo provincial administration on 13 November 2024, marking a pivotal development for the province’s agro-industry. Zhao Shujie, Chairman of […]
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Cambodia Records USD505 Mil in Iron and Steel Imports, Construction Sector Gradual Recovery
Cambodia imported iron and steel products worth USD505 million in the first ten months of 2024, a significant 65% increase compared to USD305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD52.5 million, marking a 105% rise from […]
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Phnom Penh Autonomous Port Achieves Record Container Traffic and Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]
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Chinese Firm Targets Cambodia for Large-Scale Durian Cultivation and Processing Hub
Zhengzhou Chen’s Sun, a prominent Chinese company, has announced plans to invest in durian cultivation and processing facilities in Cambodia, aiming to enhance the country’s agricultural export capabilities. This ambitious project was a key focus during a meeting between PM Hun Manet and Xuemei Chen, Chairman of Zhengzhou Chen’s Sun, on 6 November 2024 in […]
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