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ខ្មែរ Construction Focus
Evercore Focuses on Clean Energy Investment in Cambodia
- 10 January 2025
The Global investment banking firm Evercore is interested in investing in Cambodia's clean energy sector. During a meeting on 8 January 2025 between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country's emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore's operations and its intention to promote coope...
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ADATA Technology Eyes Electric Car Factory Investment in Cambodia
- 9 January 2025
In a significant development for Cambodia's green industry, well-known Taiwanese tech company ADATA Technology Co., Ltd. is exploring opportunities to invest in an electric vehicle manufacturing plant in the country. During a meeting held on 2 January 2024, HE Dr Eang Sophalleth, the Minister of Environment, welcomed Mr. Simon Chen, CEO of ADATA Technology. The company showcased its commitment ...
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National Road 7 Expansion Project Progresses, Reaches 28.76% Completion
- 7 January 2025
In a significant step towards enhancing Cambodia's infrastructure, the ambitious project to restore and expand National Road No. 7 has reached an impressive 28.76% completion as of early January 2025. This major development was confirmed during a thorough inspection led by HE Lim Sidenin, Secretary of State of the Ministry of Public Works and Transport, along with the Technical Working Group and C...
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US Tech Giants Eye Cambodia’s Renewable Energy Potential
- 1 January 2025
In an exciting development for Cambodia’s energy landscape, Ripple Inc., a prominent US fintech firm, is looking to forge a partnership in renewable energy. The company, known for its innovative financial solutions, has expressed a keen interest in establishing solar panel production in Cambodia, aiming to cater to the growing demand for clean energy in the United States. This significant annou...
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Cambodia Sees Record-Breaking USD 6.9 Billion Investment in 2024
- 28 December 2024
Cambodia has achieved a remarkable milestone in 2024, with the Council for the Development of Cambodia (CDC) approving 414 investment projects worth a total of USD 6.9 billion. This marks a 54% increase in the number of projects compared to 268 in 2023 and a 40% rise in investment capital from USD 4.927 billion in 2023, according to a progress review meeting reported on 20 December 2024. PM Sam...
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Darasakor International Airport Opens, Ushering in a New Era for Koh Kong Province
- 26 December 2024
Koh Kong Province celebrated a landmark achievement with the inauguration of a USD 200 million Darasakor International Airport on 26 December 202. This state-of-the-art facility, invested by the Chinese company Union Development Group, spanning 218 hectares in the Botum Sakor district, is poised to transform the region's connectivity and catalyze economic and tourism growth. The airport’s grand...
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ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
- 25 December 2024
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms. Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s new Partnership Strat...
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142 Demarcation Points Completed for Funan Techo Canal, Setting the Stage for Transformative Infrastructure
- 21 December 2024
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometers of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone for...
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Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
- 19 December 2024
In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment to serve over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister of Industry, Science, Technology and Innovation. The s...
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Cambodian Gov’t Revives 40 Stalled Buildings in Sihanoukville; Seven Buildings Already Completed
- 19 December 2024
In a significant step towards revitalizing Sihanoukville’s economy, the Cambodian government has successfully initiated the reconstruction of 40 out of 101 stalled buildings in the province. This announcement was made recently by HE Mang Sinet, Governor of the Sihanoukville Provincial Government. The governor attributed this progress to the Sihanoukville Investment Promotion Policy 2024, which ...
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