Local News
Four Firms Submit Proposals to Redevelop Cambodia’s Block A Oil Project
The Ministry of Mines and Energy has announced that four companies have officially submitted proposals to redevelop Block A, Cambodia’s prominent oil exploration site. These proposals come as part of a broader effort to revitalize the country’s energy capacity following the suspension of operations due to KrisEnergy’s bankruptcy in 2021. An additional five companies have expressed interest but ...
Read MoreBrunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia
Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November ...
Read MoreChinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri & Mondulkiri
China's Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signaling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, Yunnan prov...
Read MoreTwo Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan province, as part of the ...
Read MorePhnom Penh Autonomous Port Achieves Record Container Traffic & Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an update on the port's official Facebook page on 12 Nove...
Read MoreCambodia Unveils Export Service Centre to Strengthen International Trade & Empower Local Businesses
In a pivotal move to enhance Cambodia’s global trade footprint, the Ministry of Commerce officially launched the Export Service Centre (ESC) on 5 November 2024. This new initiative, dedicated to advancing Cambodian exports, aims to position local products in global markets and equip traders with essential skills and resources to compete internationally. The inauguration ceremony, led by Ministe...
Read MoreChinese Guoxing Group Commits to Major Investments in Cambodia’s Industrial & Agricultural Sectors
Guoxing Group, a prominent Chinese conglomerate, has reaffirmed its commitment to establishing a major industrial park in Cambodia and is actively exploring agricultural investment, particularly in the production of organic fertilisers. This announcement followed a strategic meeting between Samdech Hun Manet, PM of Cambodia, and Mr. Li Guolian, President of Guoxing Group, on 6 November 2024 in ...
Read MoreChina’s Sailun Group to Launch USD 110m SEZ in Kampot Province
Chinese tire manufacturing giant Sailun Group has announced plans to develop an industrial park named the "Cambodia Kampot Special Economic Zone Project" (Kampot SEZ) in Cambodia, backed by an impressive USD 110 million investment. The new venture will be managed by a wholly-owned subsidiary, Kampot Bay Investment Co., Ltd., established specifically to implement the Kampot SEZ project, accordin...
Read MoreSouth Korea’s Gyeongbuk Technopark Sets Sights on Technology Park Collaboration in Cambodia
The Gyeongbuk Technopark Korea Innovation Centre is exploring collaboration opportunities with Cambodia’s Ministry of Industry, Science, Technology, and Innovation (MISTI) to invest in a high-tech innovation hub in Cambodia, aligning with the nation’s strategic development goals in smart agriculture, health, and green technology. This promising development was discussed on 28 October 2024 durin...
Read MoreAustralia Invests USD 65 Million to Enhance Cambodia’s Economic Growth through CAPED Program
The Australian Government has committed approximately AUD 87 million (USD 65 million) in new grant funding to the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program, aiming to bolster Cambodia's economic resilience and growth. The announcement was made through a press release from the Ministry of Economy and Finance on 17 October 2024. The CAPED program represen...
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