IFC Partners with Cambodia for Feasibility Study of Sihanoukville Logistics Complex

The International Finance Corporation (IFC) of the World Bank has teamed up with Cambodia's Ministry of Public Works and Transport to provide financial advisory services for the feasibility study of the Sihanoukville logistics complex (SHV-LC). The signing ceremony for the Financial Advisory Service Agreement was held on 19 April in the presence of HE Sun Chanthol, Senior Minister of the Ministry ...

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Bassac-Kampot Seaport Project Shows High Economic Potential and Environmental Sustainability

The linked Bassac River Navigation and Logistics System project has completed its two-year feasibility study and the results have been highly promising. The project, which will connect Tonle Bassac to Kampot seaport over a length of 180 kilometers, has been evaluated to provide significant benefits to the national economy while also being environmentally sustainable. According to the Ministry o...

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Cambodian Board of Investment Approves US$12.2 Million for Three New Factories

The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO (CAMBODIA) CO., LTD” in Kampong Speu, and...

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Gov’t Unveils Eight Measures to Support Construction and Borey Development

The Ministry of Economy and Finance has recently announced eight measures to support the development of the construction and real estate sectors in the Borey industry amidst global economic uncertainty. According to the press release on 12 April 2023, the Economic and Monetary Policy Committee has outlined a package of measures to facilitate the growth of the real estate sector in Cambodia. Tho...

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Gov’t approves US$85 million investments in cattle and rubber farms in Kratie and Preah Vihear

The Investment Committee of Cambodia's Council for the Development of Cambodia (CDC) has approved two investment projects that will contribute to the country's economic growth and development. Eastern Rubber (Cambodia) Co., Ltd will invest US$73.4 million to establish a large-scale cattle and beef cattle farm in Snuol district, Kratie province, while Rithy Rubber (Cambodia) Co., Ltd will invest US...

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Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?

Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country's railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 billion, is being studied b...

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CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces

The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, "SUNFLOWER ENERGY (CAMBODIA) CO., LTD," will in...

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“Koh ToToeng” &”Koh Muy” to be developed as a new tourist destination worth nearly US$38m

The Council for the Development of Cambodia (CDC) has granted approval for two investment projects worth a total of $37.7 million to develop two islands, "Koh Totoeng" in Koh Kong province and "Koh Muy" in Sihanoukville province as new tourist destinations. According to the Cambodian Investment Committee publication released on 13 April 2023, "DEN NOKOR (CAMBODIA) INVESTMENT CO., LTD" and "G.T....

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Kampot has 4 landscape protection areas on an area of 217 hectares

Kampot province, known for its stunning natural beauty and unique landscapes, is taking steps to protect its environment and wildlife. As the Ministry of Environment reported on 11 April 2023, there are currently four landscape protection areas in the province spanning a total area of 217 hectares. These areas are located in Chres village, Koh Chamkar village, and Koh Tnaot village, across two com...

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Chip Mong Industries Supplies 6000M3 of Ready-Mixed Concrete for Naga III Raft Foundation

Phnom Penh, 09 April 2023: Chip Mong Industries, a leading concrete supplier in Cambodia, has successfully delivered 6000M3 of Ready-Mixed Concrete for the Naga III Raft Foundation project. The project is under the supervision of GLOBAL PILING SOLUTIONS, CO., LTD, and the concrete was meticulously selected, tested, and monitored by experts with over two decades of experience to ensure high quality...

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