Arabic Firm DP World Explores Investment Opportunities in Cambodia’s Transport and Industrial Sectors
DP World, a global leader in logistics and transport based in the UAE, has expressed strong interest in investing in Cambodia’s transport infrastructure and industrial park development, marking a pivotal step for the Kingdom’s economic future. The announcement came during a meeting between PM Hun Manet and His Excellency Sultan Ahmed Bin Sulayem, Chairman of […]
Cambodia Achieves Record Cashew Production of 840K Tons in 2024
Cambodia’s cashew industry has witnessed remarkable growth, with 840,000 tons of cashew nuts produced in the first ten months of 2024, marking a 26% increase compared to the same period last year. This significant milestone, announced by Mr. Uon Siloth, President of the Cambodian Cashew Association, reflects the sector’s growing importance in the nation’s agricultural […]
Cambodia’s Mining Sector Attracts USD 2.764 Billion Investment Across 555 Licensed Operations
Cambodia’s mining sector continues to expand, with 555 registered mining licenses now active under the Ministry of Mines and Energy, driving a total investment of USD 2.764 billion and creating approximately 11,306 jobs. The Ministry highlighted this significant growth during its annual meeting on 21 November 2024, underscoring the sector’s vital role in national economic […]
Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth
Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]
Cambodia Welcomes Over 7.8 Million Tourists During Three-Day Water Festival
Cambodia’s Royal Water Festival in 2024 attracted an impressive 7,844,388 tourists over three days, with Phnom Penh leading as the top destination, receiving 6,292,187 visitors. This remarkable turnout underscores the festival’s significance as a cornerstone of Cambodia’s cultural heritage, according to a report shared by Samdech PM Hun Manet on 18 November 2024. Of the […]
Cambodia Records USD505 Mil in Iron and Steel Imports, Construction Sector Gradual Recovery
Cambodia imported iron and steel products worth USD505 million in the first ten months of 2024, a significant 65% increase compared to USD305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD52.5 million, marking a 105% rise from […]