Japan Enhances Investment Commitment in Cambodia’s Economic Future
In a significant step aimed at bolstering investment opportunities in Cambodia, the Japan Development Institute (JDI) has announced its support for the establishment of special economic zones (SEZs) in the country. This initiative is designed to attract a greater influx of Japanese investors, marking a pivotal moment in Cambodia’s economic development. The announcement came […]
Korea-Backed USD 114 Million New Koh Kong Bridge Project Moves Forward with Feasibility Study
Five major Korean investment firms are currently conducting a feasibility study on the ambitious Koh Kong Bridge and National Road 48 upgrade project, which carries an estimated cost of USD 114 million. The project is expected to enhance connectivity between Khemarak Phoumin city and Cambodia’s western border, significantly improving transport infrastructure in the region. This […]
PM leans towards subway construction over skytrain for Phnom Penh mass transit
Cambodian Prime Minister Samdech Hun Sen is leaning toward subway construction over the skytrain option for the long-awaiting Phnom Penh mass transit project, emphasizing subway cause less impact. Speaking at the groundbreaking ceremony of two new flyovers in Phnom Penh on 31 August, PM Hun Sen said that the subway option could be better than […]
Gov’t Approves US$3-million Budget for Construction of SHV Administration Building
The Sihanoukville Provincial Administration will build a new administrative building worth over US$3 million to facilitate the workflow of the office as the province is a destination for investment and tourism. Prime Minister of Cambodia Samdech Techo Hun Sen said during the inauguration ceremony of the Ministry of Land Management, Urban Planning and Construction in […]
Cambodia to Have First International Racetrack Worth Approx. €26 million
Maritime Group has signed an agreement with PHG International, who won the bid to build Cambodia’s first international racetrack worth approximately €26 million. According to Fresh News on 28 October 2021, this racetrack is the first one in Cambodia recognised by the FIA (Fédération Internationale de l’Automobile) and is 100% invested in by the Maritime […]