Local News
EuroCham Partners with Land Ministry on Urban Planning, Construction & Real Estate
EuroCham Cambodia has entered a partnership with the Ministry of Land Management, Urban Planning and Construction (MLMUPC) to help Cambodia enhance city planning, law implementation, and the digitalisation of the construction and real estate sectors. The MoU was signed on 1 April by MLMUPC Secretary of State HE Theng Chan-Sangvar, EuroCham Cambodia Chairman Tassilo Brinzer. […]
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
Medtecs International Corporation Limited (Medtecs) has invested US$3 million in the guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) contributing to the development of the Techo International Airport. The agreement was signed on 4 April between Medtecs’s founder and Chairman Mr Clement Yang and CAIC Director Mr Charles Vann, under the witness of […]
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SHV & Poipet Railways to be Upgraded to High-Speed System, More Lines Under Study: PM
Prime Minister Samdech Hun Sen has urged the Minister of Public Works and Transport to speed up the progress of seeking development partners or private firms to upgrade two existing railway lines into high-speed routes. PM Hun Sen said on 4 April that the government is planning to develop the Phnom Penh-Popiet and Phnom Penh-Sihanoukville […]
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PM Tells Real Estate Developers in SR to Embrace Cultural Value, Not Only Profit
Prime Minister Hun Sen has told all real estate investors who wish to or are currently investing in Siem Reap to embrace the common interests and cultural values of Angkor park rather than focusing solely on profit. Said during the inauguration ceremony of 38 roads in Siem Reap on 4 April, PM Hun Sen used […]
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PM Hun Sen Expects New Siem Reap Airport to Go Online by 2023 Despite Slow Progress
Prime Minister Samdech Hun Sen has placed high hopes on the Angkor Siem Reap International Airport being completed and operational by late 2023, despite the fact that the current progress of the construction is only at 22% completion. The remarks were made on 3 April during the site inspection of the airport with relevant officers. […]
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PM Inaugurates 38 Roads in Siem Reap, Naming City ‘Northern Rising Star’
Prime Minister Samdech Hun Sen officially inaugurated 38 roads and other newly built infrastructures in Siem Reap city on 4 April, while giving the province the title ‘Northern Rising Star’, a modern, smart, and rich-in-culture tourism city. With construction begun in November 2020, the 38-road and other infrastructure projects were completed in late 2021, using […]
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Gov’t Approves Two New Investment Projects Worth Over US$10m in PP and K. Speu
The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest in two projects worth US$10.4 million in Phnom Penh and Kampong Speu provinces. According to a CDC’s announcement on 31 March, Malaga Garment Factory Co. Ltd. will invest US$6.4 million to set up a garment factory in Prek […]
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Australia to Provide US$65million Grant Aid for Three Priority Sectors in Cambodia
Australia plans to provide US$65 million in grant aid to Cambodia for the development of three priority sectors for a five-year period from 2022 to 2027. According to a meeting between the Minister of Economy and Finance and the Australian Ambassador to Cambodia on 31 March 2022, this grant will support the development of sectors […]
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Over 200 Korean Investment Projects Worth US$5bn Registered in Cambodia as of February 2022
The Council for the Development of Cambodia (CDC) has registered 219 Korean investment projects worth a total of US$5 billion as of February 2022, a large part of which are construction and real estate projects. The figures were presented during a meeting between CDC Secretary-General HE Sok Chenda Sophea and South Korea’s Minister of Government […]
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Two New Investment Projects Worth US$5.4 million Approved for PP & K. Speu
The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest in two projects worth US$5.4 million in Phnom Penh and Kampong Speu province. According to a CDC announcement on 31 March, Top Ningbo Fashion Co Ltd will invest US$2.4 million in building a garment factory located in Kampong […]
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