Construction Focus
State-of-the-Art Water Treatment Plants Valued at $140 Million Unveiled in Siem Reap and Kampong Thom
Marking a significant milestone in Cambodia’s pursuit of sustainable development, the inauguration ceremony of the highly anticipated water treatment plants in Sangkat Chreav, Siem Reap province, and Stung Sen II city, Kampong Thom province, took place amidst great enthusiasm. The distinguished event, graced by the presence of esteemed guests including Samdech Pich Sena Tea Banh, […]
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Japan Extends $52.6 Million Loan to Upgrade and Enhance NR5 (Prek Kdam-Thla Mam) Infrastructure
In a significant show of international cooperation, the Japanese Government has granted a substantial loan of 7,205 million yen (equivalent to approximately $52.6 million) to support the implementation of the transformative “NR No. 5 Rehabilitate and Upgrade Project on the Prek Kdam-Thla Mam Road Phase 4.” This agreement was solidified through the exchange of letters […]
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Grand Inauguration: Fine Arts University Unveils Magnificent $12 Million State-of-the-Art Building
A momentous occasion unfolded in Phnom Penh as the Royal University of Fine Arts proudly inaugurated its splendid new building, a remarkable architectural masterpiece worth an impressive $12 million. Situated in Sangkat Prek Leap, Khan Chroy Changva, this four-story edifice signifies a significant milestone in the university’s commitment to excellence and artistic development. During the […]
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Major Investment Initiative: UMAC from Germany and China to Establish Six Factories Worth US$50 Million in Kampong Speu
Exciting news emerges from Kampong Speu province as UMAC, a joint venture between German and Chinese investors, reveals plans to inject a staggering US$50 million into the establishment of six state-of-the-art factories. His Excellency Vy Samnang, the Governor of Kampong Speu Province, took to the official Facebook page on 24th May 2023 to announce this […]
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Cambodia Strengthens Investment Climate with New Tax Law Approval
In a momentous move that underscores Cambodia’s commitment to fostering a favorable investment climate, the draft tax law has been officially approved and promulgated, garnering the signature of the esteemed King of the Kingdom of Cambodia on 16th May 2023. This new legislation comprises 20 comprehensive chapters and 255 articles, meticulously designed to facilitate, improve, […]
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Cambodia Unveils New Draft Law on Special Economic Zones to Boost Diversification and Industrial Connectivity
In an exciting development, the Council for the Development of Cambodia (CDC) has recently completed the drafting of a comprehensive law on special economic zones (SEZs), poised to be launched in the near future. This momentous step towards economic diversification and enhanced industrial connectivity was announced by HE Chea Vuthy, Deputy Secretary-General of the CDC’s […]
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Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment
The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia’s growing appeal as a coveted investment destination. Leading the […]
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Revolutionizing Sanitation: Siem Reap Unveils State-of-the-Art Toilet Waste Treatment Plant
A momentous occasion unfolded as Cambodia proudly inaugurated its second cutting-edge toilet waste treatment plant in the serene city of Siem Reap. This groundbreaking project, valued at over US$1.8 million, marks a significant stride towards sustainable waste management and agricultural advancement. Nestled in Kantrak village, Svay Dangkum commune, Siem Reap city, the meticulously planned treatment […]
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Unveiling the Majestic Techo Aphivadh Building: Calmette Hospital’s Grand Symbol of Modern Health Care for Cambodia
Amidst great anticipation, the grand inauguration of the remarkable Techo Aphivadh Building at Calmette Hospital took place, with the honorable presence of Prime Minister Samdech Hun Sen. The esteemed Minister of Health, His Excellency Professor Mam Bunheng, revealed that the inauguration ceremony held on 23rd May 2023 marked the culmination of the ambitious project, which […]
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S. Korea Extends US$66 Million Loan to Cambodia for State-of-the-Art Standard Hospital in Northeast Phnom Penh
In a remarkable collaboration aimed at revolutionizing healthcare services, the South Korean government has graciously extended a substantial loan of approximately US$66.5 million to Cambodia. The loan will facilitate the establishment of a state-of-the-art National University of Health Science Teaching Hospital (UHS), a seven-story medical facility equipped with cutting-edge technology and resources. This momentous initiative, […]
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