Construction Focus
Cambodia Imports Construction Materials Worth US$1.3bn in 2022
Cambodia imported construction materials valued at over US$1.3 billion in 2022, according to an official report published recently. Imports of steel was valued at US$447 million, while cement was at US$25 million. The report added that Cambodia imported major goods worth a total of US$29.943 million, an increase of 4% compared to 2021. (Read more) In […]
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Cambodia-International Trade Valued at Over US$52bn in 2022
Cambodia-international trade volume reached approximately US$52.42 billion as of 2022, an 9.1% y-o-y increase, according to Minister of Commerce HE Pan Sorasak on 30 January. Cambodia’s export volume was at US$22.48 billion, a 6% y-o-y increase while import volume was at US$29.94 billion, also an increase of 4%. Meanwhile, the import value of construction materials, […]
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Ministry of Commerce Registers Over 10,000 New Businesses in 2022
10,701 new businesses were registered at the Ministry of Commerce in 2022, up 40% from 2021, according to a report from the ministry released on Monday 30 January. There were 888 companies removed from the business list last year, an increase of 34% compared to 643 companies in 2021, read the report. There were more […]
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CDC Approves Three Investment Projects Worth US$18m in Kandal & Takeo Provinces
The Council for the Development of Cambodia (CDC) has given permits for three private firms to invest a total of US$18 million to establish three factories in Takeo and Kandal provinces. “NEW TARGET FOOTWEAR (CAMBODIA) CO., LTD” will invest US$7.5 million to establish a shoe factory in Tipat village, Cheang Tong commune, Tram Kak district, […]
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KOTRA Pledges to Attract More Korean Investors to Cambodia
The Korea Trade and Investment Agency (KOTRA) has promised to attract more Korean investors to Cambodia, as more than 200 companies are currently investing in Cambodia, according to a discussion between Minister of Commerce HE Pan Sorasak and KOTRA on 27January 2023. During the meeting, the minister confirmed with the Korean side that the entry […]
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Ministry of Culture Preserves 137 Ancient Buildings in 2022
In 2022, the Ministry of Culture and Fine Arts preserved 137 ancient buildings or equivalent to 216 sites, according to the official conference on 27 January 2023. Of these, a total of 48 buildings were repaired and 89 buildings were renovated. In 2022, the ministry also received requests to repair requests in a total of […]
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Construction of US$22m Water Supply System Project in Pursat 64% Complete
The construction of a Japanese-funded water supply system project in Pursat worth US$21.9 million has been 64% completed, according to the Pursat Provincial Administration. Senior Minister Cham Prasidh, Minister of Industry, Science, Technology, and Innovation inspected the construction progress on 27 January. Located in Phsar Leu village, Sangkat Lolok Sor, Pursat city, the construction of […]
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Thailand to Begin Construction of $9bn Aviation City in 2023
Thailand will begin construction on the US$8.82 billion U-Tapao aviation city early this year, a government spokesperson said on Friday 27 January. Deputy government spokesperson Tipanan Sirichana said that the project covers an area of 6,500 rai (1,040 hectares) in the eastern seaboard province’s Ban Chang district and requires an investment of THB290 billion in […]
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First Gov’t Bond Trial of Larger-Scale Public Fund Raising Mechanism
The first set of government bonds is a trial for larger-scale capital-raising mechanisms in the future, said Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth. At a public forum on macroeconomic management on 25 January, HE Vongsey Visoth said the government bonds will help Cambodia become less dependent on foreign debt […]
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Malaysia pledges to bring more investors & tourists to Cambodia
Malaysian Ambassador to Cambodia Datuk Eldeen Husaini Mohd Hashim has promised to bring more investors and tourists into Cambodia, especially Sihanoukville. Datuk Eldeen Husaini Mohd Hashim said that during the meeting with the Sihanoukville Provincial Administration top official recently Mr Mang Sineth, Deputy Governor of Preah Sihanouk Province, said that Sihanoukville has many natural resources […]
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