Construction Focus
United States to Launch US$600bn Infrastructure Initiative Across Eurasia to Rival China’s Belt & Road Initiative
In a move set to reshape global economic dynamics, the United States, in collaboration with India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners, has unveiled a transformative mega-project estimated at over US$600 billion. This ambitious initiative aims to establish a comprehensive economic and trade network that will rival China’s […]
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MOC & Chinese Investors Association Forge Tripartite Vision: Advancing Tourism, Education & Investment
The Ministry of Commerce of Cambodia and the Chinese Investors Association came together on 17 October 2023, to ink three pivotal Memorandums of Understanding (MoUs) in Beijing. These agreements aim to bolster various sectors, including tourism, education, and investment, within the burgeoning Sihanoukville Special Economic Zone. The visionary MoUs were jointly signed by Lok Chumteav […]
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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The move further solidifies […]
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Germany & Cambodia Forge Stronger Economic Ties: German Chamber of Commerce Eyes Trade Office
In a move to bolster their economic partnership, the German Chamber of Commerce is considering the establishment of a trade office in Cambodia. This decision coincides with the remarkable growth in trade volume between the two nations, which is set to reach an impressive US$1,246.90 million in 2022. The intention to strengthen these bilateral economic […]
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Chinese Railway Company Commits Over US$5bn for Ambitious Cambodian Railway Network Expansion
China Railway Construction Corporation (CRCC) is poised to propel Cambodia’s infrastructure development forward with a colossal investment exceeding US$5.3 billion, spanning a total of 53 strategic projects. The Chairman of the Board of Directors of CRCC, Mr Wang Jianping, unveiled this ambitious vision during an audience with Cambodian Prime Minister Hun Manet in Beijing on […]
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Vietnam’s Multibillion-Dollar Investment Fuels Development in the Triangle Area Bordering Cambodia & Laos
Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 3.731 billion. This significant commitment is embodied in a multitude of 122 projects, reaffirming Vietnam’s dedication to regional development. The declaration emerged during a gathering of the National Assembly delegation […]
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Four New Factories Worth Nearly US$26m Set to Catalyse Growth in Kampong Speu & Takeo Provinces
The Council for the Development of Cambodia (CDC), has given the green light to four forward-thinking companies, marking a significant infusion of nearly US$26 million in investments. These strategic initiatives are poised to create 5,613 job opportunities, benefiting residents in Kandal, Kampong Speu, and the capital city of Phnom Penh. The CDC announcement, made on […]
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Chinese firm Commits $3 Billion Investment in Cambodia’s Energy Development
In a remarkable leap towards Cambodia’s energy sector development, China Machinery Engineering Corporation (CMEC) has unveiled a groundbreaking plan to co-invest approximately $3 billion in Cambodia’s burgeoning gas energy industry. This momentous decision was announced following a high-level meeting between His Excellency Hun Manet, Cambodia’s Prime Minister, and Mr. Wang Bo, Chairman of the Board […]
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Gov’t Announces Temporary Opening of Koh Pich-Koh Norea Bridge for Traffic Starting 20 October
The Cambodian government has announced the temporary opening of the Koh Pich-Koh Norea Bridge from 20 October 2023, as shared on the official Facebook page of the Department of Public Works and Transport of Phnom Penh on the evening of 19 October 2023. The move comes as a strategic response to mitigate traffic congestion caused […]
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Koh Tonsay Beach to Angkol Beach Road Connection 80% Completion: Game-Changer for Kep Tourism
In picturesque Kep province, construction of the much-anticipated road linking Koh Tonsay Beach to Angkol Beach has surged ahead, reaching an impressive 80% completion as of 18 October 2023. Governor of Kep Province HE Som Piseth enthusiastically shared this update with AKP, underlining the critical role this project plays in bolstering Kep’s burgeoning tourism industry. […]
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