Construction Focus
Cambodia-Australia Collaborate to Unveil Investment Handbook to Fuel Economic Growth
The Council for the Development of Cambodia and the Australian Embassy have jointly unveiled a comprehensive investment handbook. The book, launched by Nicholas Moore, Australia’s Special Envoy to Southeast Asia, and HE Sok Chenda Sophea, Deputy Prime Minister and Secretary-General of the Council for the Development of Cambodia, on 11th July 2023, serves as a […]
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FDI in Cambodia Surges to US$45 Billion in Q1 2023
In an impressive display of investor confidence, Cambodia’s foreign direct investment (FDI) has soared to over US$45.8 billion in the first quarter of 2023. According to a report from the National Bank of Cambodia, the country has witnessed a steady inflow of capital from major sources including China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, […]
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Monument Aux Morts: A Symbolic Tribute to World War I Victims in Cambodia
The official inauguration of the Monument Aux Morts, also known as the “Two Statues,” took place at the intersection of Monivong Blvd., France Blvd., and Oknha Techo Ind Blvd. in Phnom Penh. The solemn ceremony, presided over by Prime Minister Hun Sen on 14th July 2023, commemorated the victims of World War I from 1914 […]
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Gov’t Approves Payment Guarantee for 670 MW Power Plant Projects in 4 Provinces
The King of the Kingdom of Cambodia has promulgated a law endorsing the government’s payment guarantee for 07 power plant projects, totaling 670 megawatts, in Koh Kong, Prey Veng, Svay Rieng, Kampong Chhnang, and Pursat provinces. These projects are being implemented by four companies, each contributing to the growth of Cambodia’s power generation capacity: Khmer […]
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Enhancing Worker Safety: MOLVT Launches Strategies to Safeguard Construction Workers in Cambodia
In a significant move to protect the well-being of workers, especially those in the construction industry, the MOLVT has introduced the third master plan on occupational safety and health for the period 2023-2027. The plan encompasses various sectors, including textiles, garments, footwear, bags, and travel products, as well as agricultural and construction activities. During the […]
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Progress Update: NR 33 Rehabilitation Project Reaches 33.39% Completion
The ambitious endeavor to restore and enhance the quality of NR No. 33 has reached a completion milestone of 33.39%, according to the site visit conducted by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, and the technical working group of China Road Bridge Corporation (CRBC) on July 13, […]
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Gov’t Forms Special Working Group to Accelerate Phnom Penh-Siem Reap Expressway
The Cambodian Government has taken decisive action by establishing an inter-ministerial commission through decision No. 52 pillar, dated July 11, 2023. Comprising 26 members, including the Minister of Public Works and Transport, this special working group aims to drive the implementation of the Phnom Penh-Siem Reap Expressway infrastructure project. The newly formed task force holds […]
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Cambodia’s Iron and Steel Imports Surge to $192 Million in H1 2023, Jump 3.4 %
Cambodia’s imports of iron and steel reached an impressive $192 million in the first half of 2023, marking a significant 3.4% increase compared to the same period last year. These two essential commodities have secured their place among the top 20 imported goods, as stated in the General Department of Customs and Excise report released […]
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Cambodian Investment Landscape Flourishes with New Multi-Million Dollar Factories in Strategic Locations
The Council for the Development of Cambodia (CDC) has granted registration certificates to four pioneering companies, marking a significant milestone in the country’s thriving investment landscape. With a combined investment capital of approximately US$26.7 million, these ambitious ventures are poised to establish four state-of-the-art factories, generating an impressive 3,304 employment opportunities for the local population […]
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Nearly US$1.1 Billion Investment Projects Approved by CDC 1H 2023, Fueling Economic Growth in Cambodia
The Council for the Development of Cambodia (CDC) has greenlit an impressive array of 113 investment projects and expansions in the first half of 2023, boasting a staggering total capital investment of approximately US$1.1 billion. This momentous milestone not only showcases the country’s robust investment climate but also signals its steadfast commitment to fostering sustainable […]
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