Construction Focus
Cambodian Gov’t Secures US$438m in Grants & Concessional Loans for 13 Development Projects in H1 2024
In the first half of 2024, the Cambodian government secured US$438 million in grants and concessional loans to finance 13 critical development projects and programs. This substantial funding includes nine grant agreements amounting to US$124 million, alongside four concessional loan agreements totalling approximately US$313 million. The Ministry of Economy and Finance reported that these funds […]
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ASEAN FDI Soars to US$224bn, Cambodia Captures US$3.96bn Ranking 7th
ASEAN’s attractiveness as a stable, rapidly growing market has propelled foreign direct investment (FDI) inflows to unprecedented heights, with the region securing an all-time high of US$224 billion in 2022. This investment surge, driven by ASEAN’s burgeoning population and increasing income levels, is also a result of the region’s strategic advantage as a key recipient […]
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology […]
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Chery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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Drainage System Upgrade on NR No. 4 in Phnom Penh Reaches 6.7% Completion
The ambitious project to enhance the drainage system along NR No. 4 in Phnom Penh has achieved a significant progress rate of 6.7% as of 25 July 2024, surpassing the planned target of 3.92%. This milestone was reviewed during a meeting on 7 August 2024, which assessed the progress of the emergency investment project aimed […]
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NR No. 23 Rehabilitation Reaches 57.5% Completion with ADB Loan of US$21.68m
The rehabilitation of NR No. 23, a key infrastructure project in Cambodia, has achieved a significant milestone with 57.5% completion as of July 2024. The project, spanning 19.83 kilometres from Leuk Dek commune, Koh Thom district to Peam Reang commune, Leuk Dek district in Kandal province, is supported by a concessional loan of US$21.68 million […]
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AEON Mall Vietnam to Invest Over US$167m in Landmark Thanh Hoa Shopping Centre
AEON Mall Vietnam has secured approval from Thanh Hoa provincial authorities to invest over US$167 million in a large shopping centre spanning 10.5 hectares, set to become the largest commercial hub in the northern region of Vietnam. This significant investment, reported by VNEXPRESS on 4 August 2024, underscores AEON Mall’s commitment to expanding its footprint […]
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19 Japanese Firms Set Sights on Cambodia’s Green Technology & Carbon Credit Sectors
A total of 19 Japanese companies have shown strong interest in investing in Cambodia’s green technology and carbon credit sectors, a promising development discussed during a high-level meeting between Prime Minister Samdech Hun Manet and Ms Mio Kawada, Vice President of the Japan External Trade Organization (JETRO), on 7 August 2024. Representing the interests of […]
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NR 31 Rehabilitation Project Nears Completion at Over 96%, Ahead of Schedule
The rehabilitation and upgrade of NR No. 31, covering a distance of over 53 kilometres, has achieved an impressive 96.10% completion as of early August 2024. With this pace, the project is expected to be completed a full year ahead of schedule, while maintaining the highest technical standards, according to the Ministry of Public Works […]
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