Construction Focus
Cambodia Secures US$140m in Concessional Loans for Q1 2024 Infrastructure Development
In the first quarter of 2024, the Cambodian government signed new concessional loans worth US$140 million with development partners, marking a year-on-year decrease of 71%. This significant reduction in new loans reflects the latest figures from Cambodia’s Public Debt Situation report issued on Friday, 17 May 2024. Additionally, during Q1 2024, the RGC disbursed US$141 […]
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German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable energy, tourism, […]
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Spain Eyes Expansion in Cambodia’s Wind Power Sector
Spain’s Acciona Energía is set to boost its investment in Cambodia, enhancing its current wind power projects in the country. This announcement was made during a visit by a Cambodian delegation to Acciona Energía’s headquarters, led by Deputy Prime Minister Sun Chanthol, the first Vice President of the Council for the Development of Cambodia, on […]
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Twin Flyovers Break Ground with US$16m Investment to Boost Phnom Penh & Kandal Connectivity
Ground was broken on twin flyovers, costing over US$16 million, to enhance connectivity along the 60-metre boulevard at the intersection of National Road 2 between Phnom Penh and Kandal province. PM Hun Manet presided over the opening ceremony on 17 June 2024. Constructed with reinforced concrete and I-shaped beams, each flyover spans 9.5 metres in […]
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Cambodia’s First Concrete-Floored Historical Canal 260km in Length Reaches 76% Completion
The Cambodian government is nearing the completion of a historic 260-kilometre canal project, set to be the first in the country to feature a concrete pavement at its bottom. Construction has reached 76.77% completion. This significant milestone was highlighted by PM Hun Manet during an inspection of the Stung Prek Tnaot irrigation system on 14 […]
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Morocco to Spend US$1.2bn to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
A transformative project is underway in Dakhla, a city on Morocco’s southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN on 28 May 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla […]
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Cambodia Attracts Over US$246m in New Investments in May, Half from China
In May 2024, Cambodia secured over US$246 million in new investment projects, with nearly 50% of the funds coming from China. The Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion, which are expected to generate approximately 15,000 jobs for Cambodians. This information was released in a press statement […]
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Giant Tech-Companies Rushing to Install AI Technology Centres & Cloud Storage Stations in Malaysia, Indonesia, Singapore & Thailand
Google announced on 22 May 2024 that it will invest US$2 billion in Malaysia to develop its first data centre and Google Cloud station in the country, marking a significant expansion into Southeast Asia. This investment aims to bolster Malaysia’s digital ambitions by leveraging artificial intelligence (AI) and advanced technologies to elevate local industries within […]
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ADB Commits US$1.26bn to Support Cambodia’s Sustainable Development
The Asian Development Bank (ADB) has unveiled its latest country partnership strategy for Cambodia, committing approximately US$1.26 billion to support the nation’s sustainable development and economic growth. This announcement was made during the inauguration of ADB’s new office on 12 June 2024, presided over by Deputy Prime Minister and Minister of Economy and Finance HE […]
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Banteay Meanchey’s Irrigation Project Achieves Over 45% Completion
The ambitious irrigation development project aimed at mitigating flood disasters in Banteay Meanchey province has reached a significant milestone, achieving 45.07% completion. This progress was confirmed by Mr Ponh Sach, Secretary of State of the Ministry of Water Resources and Meteorology, during a project inspection on 8 June 2024. In an interview with PM Hun […]
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