Construction Focus
CDC Approves Three Investment Projects Worth US$18m in Kandal & Takeo Provinces
The Council for the Development of Cambodia (CDC) has given permits for three private firms to invest a total of US$18 million to establish three factories in Takeo and Kandal provinces. “NEW TARGET FOOTWEAR (CAMBODIA) CO., LTD” will invest US$7.5 million to establish a shoe factory in Tipat village, Cheang Tong commune, Tram Kak district, […]
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KOTRA Pledges to Attract More Korean Investors to Cambodia
The Korea Trade and Investment Agency (KOTRA) has promised to attract more Korean investors to Cambodia, as more than 200 companies are currently investing in Cambodia, according to a discussion between Minister of Commerce HE Pan Sorasak and KOTRA on 27January 2023. During the meeting, the minister confirmed with the Korean side that the entry […]
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Ministry of Culture Preserves 137 Ancient Buildings in 2022
In 2022, the Ministry of Culture and Fine Arts preserved 137 ancient buildings or equivalent to 216 sites, according to the official conference on 27 January 2023. Of these, a total of 48 buildings were repaired and 89 buildings were renovated. In 2022, the ministry also received requests to repair requests in a total of […]
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Construction of US$22m Water Supply System Project in Pursat 64% Complete
The construction of a Japanese-funded water supply system project in Pursat worth US$21.9 million has been 64% completed, according to the Pursat Provincial Administration. Senior Minister Cham Prasidh, Minister of Industry, Science, Technology, and Innovation inspected the construction progress on 27 January. Located in Phsar Leu village, Sangkat Lolok Sor, Pursat city, the construction of […]
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Thailand to Begin Construction of $9bn Aviation City in 2023
Thailand will begin construction on the US$8.82 billion U-Tapao aviation city early this year, a government spokesperson said on Friday 27 January. Deputy government spokesperson Tipanan Sirichana said that the project covers an area of 6,500 rai (1,040 hectares) in the eastern seaboard province’s Ban Chang district and requires an investment of THB290 billion in […]
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First Gov’t Bond Trial of Larger-Scale Public Fund Raising Mechanism
The first set of government bonds is a trial for larger-scale capital-raising mechanisms in the future, said Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth. At a public forum on macroeconomic management on 25 January, HE Vongsey Visoth said the government bonds will help Cambodia become less dependent on foreign debt […]
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Malaysia pledges to bring more investors & tourists to Cambodia
Malaysian Ambassador to Cambodia Datuk Eldeen Husaini Mohd Hashim has promised to bring more investors and tourists into Cambodia, especially Sihanoukville. Datuk Eldeen Husaini Mohd Hashim said that during the meeting with the Sihanoukville Provincial Administration top official recently Mr Mang Sineth, Deputy Governor of Preah Sihanouk Province, said that Sihanoukville has many natural resources […]
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Gov’t to Build Historic Park Along Tonle Sap River
The Kampong Chhnang provincial administration will build a historic public park along the 16km Tonle Sap riverside according to a press conference on 26 January. Kampong Chhang Governor HE Sun Sovannarith stated the park will be a new tourist attraction site with a beautiful garden and other historical monuments. “We are now waiting for approval for […]
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Inter-Ministerial Committee to Attract New Investors to Redevelop Unfinished Buildings in SHV
The Inter-Ministerial Committee has set out a policy framework to resolve the more than 1,000 unfinished buildings in Sihanoukville by attracting new investors to complete the development of those buildings, through tax incentives and out-of-court dispute resolution. The committee approved the draft at a meeting held on 19 January 2022, according to HE Chea Kok […]
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Kampong Chhnang Authority to Build Three Major Infrastructure Projects
The Kampong Chhnang provincial administration will build three infrastructure projects to boost the transportation sector in the province. One project has already been approved by the government, while two others are awaiting approval. Kampong Chhnang Governor HE Sun Sovanrith stated in a press conference on 26 January that the three projects include a 3900m long […]
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