Yunnan Investment Holding Group Pledges to Enhance Tourism with Direct Flights from China as New Siem Reap Airport Nears Completion

Yunnan Investment Holding Group, the builder behind the new Siem Reap International Airport, has made a resolute commitment to facilitate direct flights between Cambodia and China, particularly from prominent Chinese cities and provinces. The aim is to bolster tourism in Siem Reap province and pave the way for even greater advancements once the new international airport officially opens. During...

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PM Hun Sen Sets Ambitious Goal for Cambodia’s Economic Advancement, to be a high middle income country by 2030

Prime Minister Hun Sen has unveiled an ambitious vision to propel Cambodia towards achieving high-middle-income status by 2030, reinforcing the government's commitment to sustainable development. During a momentous graduation ceremony at the Royal University of Law and Economics on June 5, the Prime Minister expressed confidence in Cambodia's ability to surpass the challenges posed by the global p...

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Korean Firm Explores Potential for Expansive Car Park Development in Sihanoukville with 5hectares of land

In a bid to alleviate traffic congestion and enhance urban infrastructure, a reputable Korean company has initiated a comprehensive study to invest in the construction of a vast 5-hectare car park in Sangkat 1 of Sihanoukville. Mr. Touch Sotharith, Deputy Director General of the General Department of Land Transport, confirmed this exciting development on 2nd June 2023. During a crucial meeting ...

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Chinese Firm Secures Contract to Develop Pumping Station for Key Cambodian Provinces

In a significant development for Cambodia's water sector, the renowned Beijing Urban Construction Group Co., Ltd (BUCG), a prominent Chinese state-owned company, has been awarded the contract to conduct a comprehensive feasibility study and design a cutting-edge pumping station. The station will harness water resources from the mighty Mekong River, incorporating advanced water treatment systems an...

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Cambodia Witnesses Surge in Industrial Growth: Nearly 60 New Factories Registered in 2023

In a remarkable display of industrial expansion, the Ministry of Industry, Science, Technology and Innovation has registered an impressive 58 new industrial plants as of May 2023. This development propels the total number of operational industrial factories in Cambodia to a noteworthy 1,999. Highlighting the robust performance of the industrial sector, HE Heng Sokkung, Secretary of State and Sp...

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Efficiency Enhanced: Port EDI System Mandated for Ships Entering Cambodian Ports

Cambodia government has recently implemented a significant regulatory measure, mandating that all ships entering Cambodian ports, including the Phnom Penh Autonomous Port, Sihanoukville Autonomous Port, and other ports, must apply for a permit through the Port Electronic Data Exchange (Port EDI) system. This initiative, established under Sub-Decree No. 112 issued on 1st June 2023, aims to strea...

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WANLI TIRE, A Giant company from Guangzhou China, Explores Lucrative Investment Prospects in Cambodian Tire Production

In a significant move that could boost Cambodia's manufacturing market, WANLI TIRE CORPORATION LIMITED, a prominent tire manufacturer based in Guangzhou and Hebei, People's Republic of China, has expressed keen interest in investing in tire production within Cambodia. During a meeting held on May 30, 2023, HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee / Cambodian...

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Cambodia Attracts Major Investments: Electric and Office Furniture Factories Set to Boost Economic Growth

In a significant development for Cambodia's industrial landscape, the Council for the Development of Cambodia (CDC) has granted investment project registration certificates to three companies, signaling a combined investment worth US$23.2 million. The Board of Investment of Cambodia, under the CDC, announced these investments in Svay Rieng and Sihanoukville on May 30, 2023. Among the notable pr...

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IFC Initiates Study for Sihanoukville Logistics Center, Paving the Way for Enhanced Trade Connectivity in Cambodia

The Sihanoukville Logistics Center (SLC) project is set to transform trade and logistics in Cambodia, with the International Finance Corporation (IFC) of the World Bank leading the study. Following signing an agreement with the Ministry of Public Works and Transport in April, the project is on track for completion by the end of November. In a recent meeting held on 1st June 2023, the IFC commen...

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Remarkable Progress: NR No. 31 at 23% and NR No. 33 at 31% Completion, Anticipating Early Success

The ambitious development of Cambodia's infrastructure continues to soar as NR No. 31 and NR No. 33 showcase impressive construction progress. As of May, NR No. 31 has achieved over 23% completion, while NR No. 33 has surpassed the 31% mark. These remarkable results, revealed during HE Sun Chanthol's inspection visit on 30th May 2023, suggest the potential for both projects to be completed ahea...

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