Total of 146 QIP Japanese Investment Projects Worth Over US$2.8 billion Registered
As of October 2021, the Council of the Development of Cambodia (CDC) has approved 146 Japanese qualified investment projects (QIP) with a total investment value of US$2,853 million. The figures were shared in a workshop on dissemination of the newly-endorsed investment law held on 11 November organised by the CDC with the aim of attracting more Japanese investors. Of the approved investment ...
Read MoreChestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release on November 10. The launch of Chestertons ...
Read MoreCDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE (CAMBODIA) CO., LTD, which will invest ...
Read MorePhnom Penh Authority to Rehabilitate Road System Across Three Outskirt Districts
The Phnom Penh Municipal Administration has broken ground on a project to rehabilitate 6km of road crossing three districts on the outskirts of Phnom Penh including Por Senchey, Kambol and Prek Pnov. Phnom Penh Governor HE Khuong Sreng said during the groundbreaking ceremony on Friday 12 November that this rehabilitation project is due to the damage caused by floods during the past two years. ...
Read MoreGov’t Approves US$3-million Budget for Construction of SHV Administration Building
The Sihanoukville Provincial Administration will build a new administrative building worth over US$3 million to facilitate the workflow of the office as the province is a destination for investment and tourism. Prime Minister of Cambodia Samdech Techo Hun Sen said during the inauguration ceremony of the Ministry of Land Management, Urban Planning and Construction in early November that the US$3...
Read MorePM Hun Sen: No More Internet Service Provider Monopolies in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered an end to internet service provider monopolies in Boreys and revoke all the previous exclusivity agreements signed by related parties. The statement of PM Hun Sen was repeated by the Minister of Posts and Telecommunications HE Chea Vandeth at a press conference on 04 August. “Deals to allow only one exclusive internet service provider in B...
Read MoreMong Reththy Group Builds Large-Scale Animal Feed Processing Plant in SHV
M’s Pig ACMC Cambodia, a subsidiary of the Mong Reththy Group, broke ground on a new large-scale animal feed processing factory located in Prey Nob district in Sihanoukville. Once launched, the factory will be able to produce approximately 18,000 tons per month and will help farmers by collecting agricultural products as raw materials for processing. The groundbreaking ceremony was held on 1...
Read MoreCambodia Needs US$48bn to Implement 330 Projects in Transportation Sector in 10 Years
Cambodia will need approximately US$48 billion to implement 330 projects in the transportation and public works sectors over the next 10 years. Minister of Public Works and Transport HE Sun Chanthol unveiled this data during the 26th ASEAN Transport Ministers Meeting with the US-ASEAN Business Council on Thursday 11 November. HE Sun Chanthol added that not only Cambodia, but ASEAN nations as...
Read MoreBidding Opened for Construction of New US$25-million National Assembly Building
The National Assembly of Cambodia has announced public bidding for the construction of the new US$25 million National Assembly building. According to an announcement issued on 12 November, bidding applications should be submitted to the General Secretariat of the National Assembly no later than 27 November, 2021. The project will be built under a grant aid of US$25 million from the Vietnames...
Read MoreCambodia Vows to Transform Energy Infrastructure, to Cut 42% of Carbon Emissions by 2030
Power plants and other energy infrastructure in Cambodia will see a significant change toward a more sustainable and green manner after the Ministry of Environment pledged to implement four new policies to mitigate climate change and reduce greenhouse gas emissions. The commitment was made by Minister of the Environment HE Say Sam Al at the COP26 Summit in Glasgow, United Kingdom, on 10 Novembe...
Read MoreNew Khmer-Thai border Point to be Equipped with Modern Cargo Scanning Tech
The Ministry of Public Works and Transport (MPWT) plans to equip the new Khmer-Thai Stung Bot- Ban Nong Ian border checkpoint with modern X-Ray scanning machines to check all cargo goods crossing the border to accelerate goods clearance procedures. The initiative was announced in the project construction follow-up meeting held on 8 November between relevant Cambodian and Thai officials, as well...
Read MoreGround Broken on New US$60m Ministry of Interior Headquarters Building
The ground breaking ceremony for the new US$60-million Ministry of Interior headquarters building was officially held on Thursday 11 November in the presence of Minister of Interior Samdech Sar Kheng. The new office is located in the 5.6 hectares of the original ministry complex located along Norodom Blvd in Sangkat Tonle Bassac. With a total net area of 105,545sqm, the building is 153 metre...
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