Groundbreaking for Cambodia’s Newest Satellite City: Mekong Key City Takes Shape in Areyaksat
In a significant step towards urban development and economic revitalization, the Cambodian government officially broke ground on the ambitious Mekong Key City project on December 17, 2024. The ceremony, attended by Prime Minister Hun Manet, marks the beginning of a modern satellite city that promises to transform the landscape along the eastern bank of the […]
Fifty Korean companies plan to invest in the priority sector in Cambodia
In a significant move to bolster economic ties, fifty Korean Industrial Confederation (KIAF) companies intend to invest in Cambodia’s priority sectors. This announcement comes after a recent meeting with Cambodian Prime Minister Hun Manet on December 13, 2024. Marn-Ki Jeong, chairman of KIAF, led the business delegation to explore opportunities in the Southeast Asian nation. […]
Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]
Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction
In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The groundbreaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic Phnom […]
Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility
The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions […]
Vietnam Surpasses China as Cambodia’s Top Foreign Investment Rankings with Over USD 557 Million
Vietnam has emerged as Cambodia’s top foreign investor, accounting for 51.08% of total investment capital as of November 2024, surpassing China’s 24.26% share. Cambodian investors contributed 14.49%, marking a significant shift in the nation’s investment landscape. The figures were revealed in a recent Council for the Development of Cambodia (CDC) report on 1 November 2024, […]