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ខ្មែរ Local News
Cambodia Sees Record-Breaking USD 6.9 Billion Investment in 2024
- 28 December 2024
Cambodia has achieved a remarkable milestone in 2024, with the Council for the Development of Cambodia (CDC) approving 414 investment projects worth a total of USD 6.9 billion. This marks a 54% increase in the number of projects compared to 268 in 2023 and a 40% rise in investment capital from USD 4.927 billion in 2023, according to a progress review meeting reported on 20 December 2024. PM Sam...
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Darasakor International Airport Opens, Ushering in a New Era for Koh Kong Province
- 26 December 2024
Koh Kong Province celebrated a landmark achievement with the inauguration of a USD 200 million Darasakor International Airport on 26 December 202. This state-of-the-art facility, invested by the Chinese company Union Development Group, spanning 218 hectares in the Botum Sakor district, is poised to transform the region's connectivity and catalyze economic and tourism growth. The airport’s grand...
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ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
- 25 December 2024
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms. Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s new Partnership Strat...
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142 Demarcation Points Completed for Funan Techo Canal, Setting the Stage for Transformative Infrastructure
- 21 December 2024
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometers of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone for...
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Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
- 19 December 2024
In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment to serve over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister of Industry, Science, Technology and Innovation. The s...
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Cambodian Gov’t Revives 40 Stalled Buildings in Sihanoukville; Seven Buildings Already Completed
- 19 December 2024
In a significant step towards revitalizing Sihanoukville’s economy, the Cambodian government has successfully initiated the reconstruction of 40 out of 101 stalled buildings in the province. This announcement was made recently by HE Mang Sinet, Governor of the Sihanoukville Provincial Government. The governor attributed this progress to the Sihanoukville Investment Promotion Policy 2024, which ...
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Ground-breaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development
- 17 December 2024
The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The ground-breaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the urban and economic landscape of Areyaksat. ...
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50 Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties
- 14 December 2024
In a landmark development for Cambodia’s economic landscape, fifty Korean Industrial Confederation (KIAF) companies have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader initiative to explore strategic inv...
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Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
- 13 December 2024
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 repurposin...
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Cambodia to Establish 230 Model Villages by 2028 as Part of Rural Development Strategy
- 12 December 2024
The Ministry of Rural Development has unveiled a visionary plan to develop 230 model villages throughout Cambodia by the end of 2028, an initiative to transform rural communities through sustainable and inclusive growth. The announcement was made on 10 December 2024 during a certificate-awarding ceremony recognizing 30 exemplary villages for meeting high development standards. HE Chhay Riths...
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