Construction Focus
Cambodia and China Join Forces to Enhance Vocational Training Standards
In a significant move to elevate vocational training standards, Cambodia and China have announced the joint establishment of a Vocational Development and Skills Enhancement Center. The initiative was formalized through a Memorandum of Understanding (MoU) signed between the Ministry of Labor and Vocational Training of Cambodia and the Education Development Foundation of Anhui Province, China. Th...
Read MoreUdong Mechey City to Welcome USD 6 Million Sports Equipment Factory
Udong Mechey city is set for a significant economic boost with the announcement of a new sports equipment factory, backed by an investment of nearly USD 6 million. The facility aims to create approximately 242 job opportunities for local residents. The Council for the Development of Cambodia (CDC) has officially registered the investment project from HORIZON PRIME (CAMBODIA) CO., LTD, confirmin...
Read MoreWorld Bank Invests in Cambodia’s Future with Multi-Million Dollar Education Initiative
The World Bank (WB) has made a significant commitment to enhancing early childhood education in Cambodia with the announcement of a generous grant aimed at building public childcare centers and preschools across the country. This ambitious project, backed by a USD 100 million investment, will see the establishment of 60 public childcare facilities and 60 new preschools, directly benefiting the nat...
Read MoreCambodia Welcomes 17 New Investment Projects Creating Thousands of Jobs
Cambodia is set to boost its economic landscape with the registration of 17 new investment projects, totaling approximately USD 367 million in investment capital. This initiative, revealed during the 12th “Single Entry-Exit Meeting” held on August 15, 2025, is anticipated to create around 7,200 job opportunities across the nation. H.E. Chea Vuthy, Secretary-General of the Investment Committee o...
Read MoreMPWT Announces Three-Year Closure of Xi Jinping Boulevard for Bridge Construction
The Ministry of Public Works and Transport has revealed plans for a significant three-year closure of Xi Jinping Boulevard, part of the 3rd Ring Road, starting September 1, 2025. This closure will facilitate the construction of the new bridge across the Mekong River, known as the Dei Khiet-Thoma Kor bridge. The ministry informed the public that the affected section of Xi Jinping Boulevard will ...
Read MoreChina Evergrande Faces Delisting as Property Crisis Deepens
China Evergrande Group, once the country’s top property developer, is set to be delisted from the Hong Kong Stock Exchange, marking a significant point in China's ongoing real estate crisis. The company's monumental collapse, which has amassed over USD 300 billion in liabilities, serves as a stark reminder of the dangers of excessive debt-fueled expansion. Evergrande, celebrated for its record-...
Read MoreProgress Report on National Road No. 7 Expansion Project
The ambitious project to expand National Road No. 7 from Skun to Kampong Cham has made significant strides, currently standing at 66% completion. This vital infrastructure initiative, funded through a concessional loan from the People's Republic of China, marks a historic collaboration between the Royal Government of Cambodia and its Chinese counterpart, aimed at enhancing connectivity for the peo...
Read MoreSihanoukville Attracts Major Investments with New Incentives
In a continued effort to bolster economic growth, the Investment Promotion Team in Sihanoukville has announced the provision of special incentives for 17 new investment and business projects, collectively valued at USD257 million. This initiative aims to invigorate the local economy and create job opportunities within the region. According to a recent update posted on the team’s official Facebo...
Read MoreSunRice Group Eyes Investment in Cambodian Rice Sector
In a significant move for agricultural development, SunRice Group, a leading Australian rice exporter, has announced plans to invest in Cambodia by establishing a factory and introducing Japonica rice seeds to the local market. This ambitious proposal was discussed during a meeting between His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development...
Read MoreMinistry of Economy Lowers Cambodia’s Growth Forecast for 2025
In a significant update, the Ministry of Economy and Finance has revised its economic growth forecast for Cambodia from 6.3% to 5% for the year 2025. This adjustment was revealed in a report detailing the budget's first half implementation and the assessment of financial management laws for the upcoming year. The downgrade comes in response to a challenging economic backdrop characterized by a ...
Read More
