Local News
124 New Industrial Projects Registered During First Three Quarters of 2021
The Ministry of Industry, Science, Technology, and Innovation registered a total of 124 new industrial projects during the first three quarters of 2021, reflecting strong private sector confidence in Cambodia’s economy despite the ongoing pandemic. The new industrial projects registered bring total active industrial factories to 1,843 with a total investment of US$1.3341 billion, HE […]
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China’s Urban Planning Institute Helps Cambodia Develop SHV into a Multi-Purpose SEZ
The Ministry of Economy and Finance (MEF) and the Urban Planning and Design Institute of Shenzhen (UPDIS) have signed a master plan consultancy contract agreement, whereby the institute will provide services in preparing a master plan to transform Sihanoukville into a multi-purpose special economic zone. The agreement was signed on 18 October virtually between MEF […]
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Groundbreaking Date of New Offshore Koh Tonsay Port Rescheduled to November
The groundbreaking date of a new tourism port on Koh Tonsay has been postponed from October to early November 2021 due to heavy rains. A statement signed by HE Suy San, Secretary of State of the Ministry of Public Works and Transport dated 18 October to the Kep provincial governor, stated that Vimean Chey Group […]
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US$4-million Investment Project Approved for Kampong Speu
The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$4 million in building a garment factory in Kampong Speu province. The firm, Garment (Cambodia) Co., Ltd, will establish a garment factory in Serey Phat village, Po Angkor commune, Bor Seth district. According to the CDC, […]
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US Firm Fluence to Equip 3rd SHV Water Treatment Plant with Latest Technology
US-headquartered Fluence Corporation has secured a US$8.5 million contract to equip its MABR technology at a wastewater treatment plant in Sihanoukville, Cambodia. The company has signed a contract with the Ministry of Land Management, Urban Planning and Construction for US$8.5 million, the firm said in a recent announcement. Under the contract, Fluence Corporation will equip […]
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Chinese Firm’s Studies on Mondulkiri Airport Project Disrupted Due to COVID-19
The study of the Mondulkiri Airport project by a Chinese company is behind schedule due to COVID-19. State Secretary of Civil Aviation (SSCA)’s spokesman HE Sin Chansereyvutha said on Thursday 14 October that a team of Chinese companies could not visit and evaluate the site due to the required measures related to COVID-19. “The study […]
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Siem Reap 38-Road Renovations 80% Complete
Despite the ongoing COVID-19 restrictions in Siem Reap, the construction of the 38-road renovation project remains on track, and now over 80% complete, according to a progress update meeting on Wednesday 13 October. Siem Reap Deputy Governor Pin Prak said during the meeting that the entire project could reach final completion by the end of […]
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Cambodia Establishes Digitalised Manufacturing Centre
The Japanese government, through the Embassy of Japan in Cambodia, has provided approximately US$4.5 million to support the operation of a digitalised manufacturing centre, located at the Royal University of Phnom Penh. The grant was announced at a press conference on 14 October under the chairmanship of RUPP Chair of board HE Dr Mey Kalyan, […]
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CDC Approves 134 Investment Projects Worth US$3.3bn in First Three Quarters of 2021
During the first three quarters of 2021, the Council for the Development of Cambodia (CDC) has approved a total of 134 investment projects worth over US$3.3 billion, according to a CDC report published in Freshnews. The report added that the number of projects decreased by 24.7% while the investment also dropped by 48%, compared to the […]
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ADB to Provide US$100 billion in Climate Financing to Developing Countries
The Asian Development Bank (ADB) announced on 13 October 2021, that it is ready to provide US$100 billion in climate financing to developing member countries including Cambodia for 2019-2030.The increased financial ambitions are an important part of ADB’s efforts to support its developing member countries (DMCs), according to a press release.Climate change mitigation projects, including […]
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