Local News
Canopy Sands Development Plans to Build Cambodia’s First Cable Car Project in Bay Of Lights
Canopy Sands Development, a member of the Prince Holding Group of Cambodia, is set to begin construction of Cambodia’s first cable car project in Bay Of Lights, Sihanoukville, in early 2024. The project is part of the Bay of Lights development covering 934 hectares. The announcement was made by AMS on 12 April 2023, and […]
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Thailand Eyeing Investment Opportunities in Cambodia’s Booming Logistics Sector
Thailand is exploring investment opportunities in Cambodia’s logistics sector, as the two countries seek to strengthen cooperation in this area. At a meeting on 19 April 2023.between HE Sun Chanthol, Cambodia’s Minister of Public Works and Transport, and Mr. Supachai Verapuchong, CEO of Logistics Intelligence Cambodia Co., Ltd, the Thai delegation expressed its desire to […]
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IFC Partners with Cambodia for Feasibility Study of Sihanoukville Logistics Complex
The International Finance Corporation (IFC) of the World Bank has teamed up with Cambodia’s Ministry of Public Works and Transport to provide financial advisory services for the feasibility study of the Sihanoukville logistics complex (SHV-LC). The signing ceremony for the Financial Advisory Service Agreement was held on 19 April in the presence of HE Sun […]
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Bassac-Kampot Seaport Project Shows High Economic Potential and Environmental Sustainability
The linked Bassac River Navigation and Logistics System project has completed its two-year feasibility study and the results have been highly promising. The project, which will connect Tonle Bassac to Kampot seaport over a length of 180 kilometers, has been evaluated to provide significant benefits to the national economy while also being environmentally sustainable. According […]
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Cambodian Board of Investment Approves US$12.2 Million for Three New Factories
The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO […]
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Gov’t Unveils Eight Measures to Support Construction and Borey Development
The Ministry of Economy and Finance has recently announced eight measures to support the development of the construction and real estate sectors in the Borey industry amidst global economic uncertainty. According to the press release on 12 April 2023, the Economic and Monetary Policy Committee has outlined a package of measures to facilitate the growth […]
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Gov’t approves US$85 million investments in cattle and rubber farms in Kratie and Preah Vihear
The Investment Committee of Cambodia’s Council for the Development of Cambodia (CDC) has approved two investment projects that will contribute to the country’s economic growth and development. Eastern Rubber (Cambodia) Co., Ltd will invest US$73.4 million to establish a large-scale cattle and beef cattle farm in Snuol district, Kratie province, while Rithy Rubber (Cambodia) Co., […]
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Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?
Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country’s railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 […]
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CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces
The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, “SUNFLOWER ENERGY […]
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“Koh ToToeng” &”Koh Muy” to be developed as a new tourist destination worth nearly US$38m
The Council for the Development of Cambodia (CDC) has granted approval for two investment projects worth a total of $37.7 million to develop two islands, “Koh Totoeng” in Koh Kong province and “Koh Muy” in Sihanoukville province as new tourist destinations. According to the Cambodian Investment Committee publication released on 13 April 2023, “DEN NOKOR […]
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