Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]
Read More
Cambodia’s Professional Organizations Surge to 6,491 Amid Growing Civic Engagement
The Ministry of Labour and Vocational Training has reported a sharp rise in professional organizations across Cambodia, with a total of 6,491 registered as of November 2024. This milestone was highlighted by His Excellency Heng Sour, Minister of Labour and Vocational Training, during the 76th anniversary celebration of International Human Rights Day on 08 December […]
Read More
In Nine Months Cambodia Secures Over USD 1 Billion in Credit Agreements to Drive National Development
Cambodia’s government has signed new credit agreements totalling USD 1.07 billion in the first nine months of 2024, representing a 7% increase compared to the same period last year. These funds are aimed at supporting key development priorities, including infrastructure and economic productivity. This progress was detailed in a Ministry of Economy and Finance report […]
Read More
Cambodia to Establish 230 Model Villages by 2028 as Part of Rural Development Strategy
The Ministry of Rural Development has unveiled a visionary plan to develop 230 model villages throughout Cambodia by the end of 2028, an initiative aimed at transforming rural communities through sustainable and inclusive growth. The announcement was made on 10 December 2024 during a certificate-awarding ceremony that recognised 30 exemplary villages for meeting high development […]
Read More
Bentley Systems: Open Data Ecosystems to Advance Infrastructure Engineering
At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its annual Year in Infrastructure […]
Read More
Twin Flyover Construction in Phnom Penh Reaches 25% Completion, Targeting June 2025 for Full Operation
The construction of twin flyovers along Phnom Penh’s 60-meter boulevard at the intersection of National Road 2 has achieved 25% completion, a significant milestone for the project designed to enhance connectivity between Phnom Penh and Kandal province. This progress, reported by HE Keut Chhe, Deputy Governor of Phnom Penh, was shared on 10 December 2024, […]
Read More
Borey Peng Huoth Launches Eco Poly 2 Project with Exclusive Promotions and Profitable Investment Opportunities
Borey Peng Huoth, a leading company in Cambodia’s residential development, has officially unveiled its latest project, Eco Poly 2, showcasing an exceptional opportunity for aspiring homeowners and property investors. The grand opening event, featuring exclusive promotional offers and access to magnificent model homes, is set to take place from 13 to 15 December 2024 at […]
Read More
Over 20 Years South Korea Provides Over USD 2 Billion in Loan Boosting Cambodia’s Infrastructure Development
South Korea has provided over USD 2 billion in loans to Cambodia over the past two decades, significantly advancing keysectors such as transportation, healthcare, irrigation, and water supply. The funding, channelled through the Economic Development Cooperation Fund (EDCF), has played a pivotal role in Cambodia’s economic growth and infrastructure modernisation. This milestone underscores South Korea’s […]
Read More
Sixteenth U.S. Investment Firms Explore Cambodia’s Technology, Agro-Industry, and Education Sectors
In a major boost to Cambodia’s economic landscape, 16 leading U.S. investment companies are visiting Cambodia from 9 to 13 December 2024 to explore investment opportunities in technology, agro-industry, and education—sectors poised for significant growth. The delegation’s visit, marked by high-level meetings with government officials and business leaders, highlights Cambodia’s rising profile as an attractive […]
Read More
Cambodia Issued New Wastewater Law Outlining Strategic Plan for Wastewater System Development to Ensure Sustainability
The Cambodian government has identified five priority areas to advance the planning and development of wastewater systems, a key initiative aimed at boosting public welfare and ensuring environmental sustainability. The announcement follows the enactment of the Law on Wastewater System on 22 November 2024, a comprehensive legal framework comprising 16 chapters and 113 articles. The […]
Read More
Bentley Systems Announces Generative AI Game-Changer for Civil Site Design
Company unveils first-to-market AI-powered civil engineering application that delivers optimized, accurate site designs up to 10 times faster than traditional methods VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new generative AI capabilities for civil site design, including a design copilot, site layout […]
Read More
Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction
In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The groundbreaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic Phnom […]
Read More