Investment and Funding
ADB Commits to Boosting Investment in Cambodia’s Irrigation & Climate Resilience
The Asian Development Bank (ADB) has reaffirmed its commitment to expanding investment in Cambodia’s irrigation and climate resilience efforts. This vital commitment was solidified during a high-level meeting held on 26 October 2023, between Cambodia’s Minister of Water Resources and Meteorology, HE Thor Chetha, and Lok Chumteav Lyotsana Varma, Director General of the Asian Development […]
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Japan’s Generous Contribution Enhances Land Surveying and Registration in Cambodia
A significant leap forward in Cambodia’s land surveying and registration efforts is now underway, thanks to Japan’s substantial contribution of approximately US$9.7 million. The support comes as part of the project for the “Establishment of a Nationwide Continuously Operating Reference Station Network,” which aims to strengthen administrative services related to land registration. The exchange of […]
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Cambodia Greenlights Over US$4bn in New Projects, Shows Remarkable 186% Surge in Eight Months
Cambodia is experiencing a remarkable surge in construction activities, as the Ministry of Land Management, Urban Planning, and Construction recently unveiled an astounding approval of more than US$4 billion for over 2,367 new construction projects. This phenomenal achievement represents an impressive 186% increase compared to the corresponding period in 2022, underlining the nation’s resolute commitment […]
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Vietnam’s Multibillion-Dollar Investment Fuels Development in the Triangle Area Bordering Cambodia & Laos
Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 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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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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China Datang Corp. Pledges Monumental US$600m Injection to Cambodia’s Power Development
In a significant development that promises to reshape Cambodia’s energy landscape, China Datang Corporation Ltd. has committed to a staggering US$600 million increase in its existing investments in Cambodia’s energy sector. This announcement emerged during a pivotal meeting at the “Third Belt and Road” forum held in Beijing on 16 October 2023. Samdech Hun Manet […]
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KOICA Gifts 15 Ambulances to Cambodia to Address Nationwide Healthcare Needs
The Korea International Cooperation Agency (KOICA) has generously bestowed Cambodia with 15 ambulances, fortifying the country’s capacity to respond to medical emergencies across its diverse landscape. The solemn handover ceremony, held on 13 October 2023, was hosted by HE Professor Chheang Ra, Cambodia’s Minister of Health, and attended by His Excellency PARK Jung-Wook, the Republic […]
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Cambodia Attracts 191 Projects Worth Over US$3.7 Billion in 9 Months
In a significant boost to Cambodia’s economic prospects, the Council for the Development of Cambodia has given the green light to 191 fresh production expansion and investment projects in the first three quarters of 2023, marking an increase from the 150 recorded during the same period the previous year. These collective production expansion and investment […]
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Angkor Wat Attracts Record Revenue of US$24m in First Nine Months of 2023
In a remarkable testament to Cambodia’s enduring appeal as a tourist destination, the iconic Angkor Wat temple complex has generated an impressive US$24,955,397 in revenue during the first nine months of 2023. This revenue was derived from ticket sales to the Angkor complex, drawing the admiration of 539,561 foreign tourists. The surge reflects a remarkable […]
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Cambodia Receives US$43m Boost from AIIB to Expand Cross-Border Animal Trade
The Cambodian government and the Asian Infrastructure Investment Bank (AIIB) have solidified their commitment to fostering cross-border animal trade and elevating the animal value chain infrastructure in Cambodia. This strategic partnership is marked by a co-financing agreement worth US$43 million, aimed at catalysing sustainable growth and development. The agreement was formally inked during the 8th […]
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