Local News
SHV Sees Over 1,000 Investment Projects & 500 Completed in Past 5 years
To date, Sihanoukville has a total of 1,186 investment projects, of which 595 have been completed, according to a press conference on 15 February. The government has also provided investment permits on islands and beaches to 27 companies with a total investment capital of over US$8.9 billion. Currently, the province has a total of 1,006 […]
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CDC Approves Investment Projects Worth US$18.3 million in PP, K. Speu
The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest a total of US$18.3 million in establishing two factories in Phnom Penh and Kampong Speu. “LIN WEN CHIH SUNZEAL ENTERPRISES CO., LTD” will invest US$13.2 million to establish a shoe and footwear factory located at Street 44, Taing […]
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China to Help Accelerate Establishment of Economic Corridors in Cambodia
China has pledged to help Cambodia establish two more major economic corridors, including the “Industrial Development Corridor with Sihanoukville as its centre” and the “Fish and Rice Corridor in the Northwest region”. HE Wang Wentian, Chinese Ambassador in Cambodia, said on 16 February that China is willing to provide assistance to build the two projects […]
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SHV Produces Over 1,300MW of Electricity While Consuming Only 150MW
Currently, Sihanoukville has the capacity to generate and supply up to 1,395 megawatts, while using only 150 megawatts, according to Governor Kouch Chamroeun on 15 February. HE Kouch Chamreoun said that five years ago, Sihanoukville had an electricity shortage, but now the province becomes one of the producers and suppliers of electricity throughout the country. […]
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China provides grant to renovate NR7 from Kratie to Laos border
China will provide a grant to Cambodia to upgrade the quality of NR7, a 96m road connecting Kratietown to the Cambodia-Laos border in Steung Treng province. Secretary of State of the Ministry of Public Works and Transport Lim Sidenin discussed the project implementation procedures with the construction company representative Li Xiangming on 14 February. The […]
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Booyoung Group to provide 60 buses to Sihanoukville for city bus project
Korean company Booyoung Group plans to provide 60 buses to the Sihanoukville provincial administration for the City Bus project by 2024. The agreement between the parties is expected to be signed soon, according to SHV Governor Kouch Chamroeun on 15 February. “Recently, I was told by PM Samdech Hun Sen that Booyoung Group will deliver […]
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Construction of 20ha Landfill in Steung Treng 40% Complete
The construction of a new 20-ha landfill in Steung Treng province has been 40% complete, according to a site inspection by Governor Svay Sam Eang on 14 February. Worth nearly US$5 million, the project is located Otrell village, Thala commune, Thala Borivat district. Construction began in April 2022 and is scheduled to be completed by […]
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EDC Produces Over 4,000MW of Electricity, Electrifies 3.5 million Sites as of 2022
As of 2022, the government has connected electricity to all types of consumers in Cambodia at 3,533,935 locations, while generating a total of 4,495 megawatts, according to Electricity Authority of Cambodia (EDC) on 15 February. Among all those locations, over 3.2 million are general houses; 200,000 are businesses & small industries; over 21,000 are while […]
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IFC backs two private firms to establish smart logistics hub in Cambodia
The International Finance Corporation (IFC) has backed two of the region’s leading logistics companies –WorldBridge Group and YCH Group – to establish a world-class logistics complex in Cambodia. The agreement was signed in February in Singapore by IFC, WorldBridge, and YCH Group, according to a press release. The Cambodia SuperPortTM or the Phnom Penh Logistics […]
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Germany Mulls Investing in Car & Construction Machinery Factory in Cambodia
The German business delegation has expressed interest in investing in several key sectors in Cambodia including automobiles, machinery, construction equipment, wastewater treatment system, technology, and renewable energy. According to a meeting with Cambodia Prime Minister Samdech Hun Sen on 15 February, the German business delegation also expressed satisfaction with the business environment in Cambodia and […]
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