Local News
TOTAL Energy Partners with MoE to Spearhead Green Investment Initiatives in Cambodia
In a strategic alliance aimed at advancing environmental sustainability, TOTAL Energy has joined forces with the Ministry of Environment (MOE) to pioneer green investment initiatives, focusing on tree planting, green space expansion, and carbon-neutral practices. The collaborative effort was underscored during a productive meeting between HE Eang Sophalleth, Minister of Environment, and Mrs. Dinah Kumar, […]
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Cambodia’s Construction & Real Estate Sectors Exhibit Slower Growth in 2023, Navigating Economic Dynamics
The landscape of Cambodia’s economic sectors, particularly construction and real estate, witnessed a tempered growth trajectory in 2023, as outlined in the National Bank of Cambodia’s report released on 29 January. In 2023, the construction sector experienced a growth rate of 1.1%, a measured pace compared to the 2022 figure of 0.5%, indicating a cautious […]
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Japan’s Robust Investment: US$706m Fuels Construction of Three AEON Supermarkets, Unveiling Plans for a Fourth Location by 2023
AEON Mall (Cambodia) Co., Ltd., the Japanese retail giant has invested a substantial US$706 million in constructing three supermarkets in Cambodia as of 2023. This update was revealed during a productive meeting between HE Sun Chanthol, Deputy Prime Minister, and first Vice President of the Council for the Development of Cambodia, and Mr Tsboya Masayuki, […]
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VINCI Airports Unveils Ambitious Plan for New Terminal at Sihanoukville International Airport
VINCI Airports, the renowned French airport developer with a robust footprint in Cambodian International Airports, has announced plans for the construction of a cutting-edge terminal at Sihanoukville International Airport. The revelation came during a courtesy call on 1 February where Mr Emmanuel Menanteau, Regional Director of VINCI Airports, presented the ambitious project to HE Sun […]
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Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month
The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia’s economic landscape. The CDC, in a press release on 1 […]
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Gov’t Unveils Special Program to Revitalise Stalled Real Estate Projects in Sihanoukville
In a bid to invigorate economic growth and industrial development, the Cambodian government, led by Prime Minister Samdech Hun Manet, officially inaugurated an ambitious special program to promote investment in Sihanoukville on 31 January 2024. The initiative introduces a comprehensive set of measures designed to facilitate and incentivize three distinct categories of investment in the […]
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Vital Irrigation & Drainage Rehabilitation Project in Southwest Phnom Penh 10% Complete
The Roleang Chrey and Stung Bati sub-projects of the Irrigation and Drainage Improvement and Rehabilitation Project in the southwest of Phnom Penh have successfully achieved a commendable 10% completion. This milestone was reported by the Ministry of Water Resources and Meteorology (MoWRM) on 30 January 2024. During his visit to the project sites, HE Minister […]
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ADB Grants Cambodia US$40m to Build National School of Local Administration in Prek Pnov
The Asian Development Bank (ADB) has committed a US$40 million loan to fund the construction of the National School of Local Administration in Prek Pnov. The groundbreaking ceremony, presided over by HE Dr Sar Sokha, Deputy Prime Minister, and Minister of Interior on 19 January 2024, marked the initiation of a transformative project set to […]
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World Bank Outlines Key Reforms to Elevate Cambodia to Upper-Middle-Income Status, Government Affirms Implementation Progress
Proclaiming the government’s dedication, Prime Minister Hun Manet has said, “The government steadfastly adheres to its commitment in realizing the aspiration of becoming an upper-middle-income country by 2030 and ultimately achieving a high-income country by 2050.” His unwavering commitment was underscored during a poignant address at the Cambodia Development Resource Institute conference in November. As […]
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Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation’s total trade volume, […]
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