Shangri-La Phnom Penh Sets a New Benchmark in Luxury with USD 580 Million Investment
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its USD 580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivaled comfort and sophistication. The hotel held its temporary inauguration on 15 […]
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SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations
Preah Sihanouk province has successfully installed 433 new security cameras across key strategic locations in a major stride towards improving public safety. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by HE Mang Sineth, Governor of Preah Sihanouk province, with over 60 journalists in attendance. […]
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Southeast Asia’s Largest Solar Projects Lead Global Renewable Energy Growth
Southeast Asia continues to lead the renewable energy charge with landmark solar projects across Vietnam, Indonesia, and Thailand, showcasing the region’s commitment to sustainable development. With ASEAN member states targeting 35% renewable energy capacity by 2025, the region currently boasts 28 GW of utility-scale solar and wind power, contributing 9% to its total electricity capacity, […]
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142 Demarcation Points Completed for Funan Techo Canal, Setting the Stage for Transformative Infrastructure
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 […]
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IFC to Invest Over USD 37 Billion in Cambodia’s Infrastructure & Logistics by 2033
The International Finance Corporation (IFC) has announced its readiness to explore investments exceeding USD 37 billion in Cambodia’s infrastructure and logistics sectors. This ambitious initiative was unveiled during a recent high-level meeting between HE Sun Chanthol, Cambodia’s Deputy PM and First Vice President of the CDC, and Mr. Riccardo Puliti, Vice President of the IFC […]
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France’s USD 192.2 Million Boost for Cambodia’s Water Infrastructure Sets a New Benchmark
The French government has pledged a remarkable USD 192.2 million to transform Cambodia’s water infrastructure, focusing on two major projects: the rehabilitation of the Stung Svay Chek reservoir and the third phase of the Bak Kheng water treatment plant. This monumental agreement was formalised on 18 December 2024 by Cambodia’s Minister of Economy and Finance, […]
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Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating
Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia’s Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) […]
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Cambodia Allocates USD 2.7 Billion in SDR Borrowing for 2025 Development Boost Under Financial Law
Cambodia’s government will borrow 2 billion Special Drawing Rights (SDRs), equivalent to approximately USD 2.7 billion, to finance critical projects in 2025. This initiative, part of the Finance Law approved on 12 December 2024, aims to strengthen infrastructure, improve living standards, and support economic growth across key sectors. The funds will be strategically allocated to […]
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Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
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 […]
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The 9th PropertyGuru Cambodia Property Awards recognise top developments, designs
OCIC GROUP HONOURED FOR HIGH-CALIBRE, SUSTAINABLE PROJECTS WHILE V.I LAND INVESTMENT CO., LTD. AND LP RESIDENCES CO., LTD SHOWCASE DESIGN EXCELLENCE PHNOM PENH, Cambodia — The 9th PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, today celebrated the elite range of companies representing the finest real estate in the kingdom. PropertyGuru Group, Southeast Asia’s leading […]
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Cambodian Gov’t Revives 40 Stalled Buildings in Sihanoukville; Seven Buildings Already Completed
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 offers […]
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Cambodia Raises USD 70 Million Through Government Bonds in Nine Months of 2024
In nine months, the Cambodian government raised approximately USD 70 million through the sale of government bonds to domestic investors in the first nine months of 2024. This achievement, which represents 65% of the legally allowed issuance limit of 440 billion riels, underscores the country’s commitment to strengthening its domestic funding mechanisms and reducing reliance […]
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