Investment and Funding
US grants US$450,000 to continue conservation of Phnom Bakheng temple
The United States will provide US$450,000 to the Ministry of Culture and Fine Arts to continue conservation work at Phnom Bakheng. This was stated by His Excellency W. Patrick Murphy, US Ambassador at the signing ceremony of the Cultural Agreement between Cambodia and the United States on August 30, 2023. In particular, the signing of […]
Read More
CDC Approves 12 New Projects Worth US$167.9m to Build 5-Star Hotel & New Factories in Six Provinces
The Board of Investment of Cambodia, operating under the CDC, has given the green light to a number of companies to establish a five-star hotel in the heart of Phnom Penh and to set up a series of expansive factories across the nation, strategic investments totaling US$167.9 million. This surge in investment is poised to […]
Read More
E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first […]
Read More
EU Reaffirms US$1.5 Billion to Catalyse Cambodia’s Development
The European Union (EU) has reaffirmed its unwavering dedication to Cambodia’s advancement, earmarking an impressive Euro 1.43 billion (equivalent to US$1.5 billion) for pivotal developmental pursuits which was announced in a Ministry of Foreign Affairs and International Cooperation press release on 16 August 2023. This substantial financial commitment takes centre stage in the Common European […]
Read More
Thailand Exploring Investment Prospects & Collaborative Ventures Across Three Cambodian Locations
A high-level delegation from the Thai Chamber of Commerce has embarked on a comprehensive exploration of three strategic special economic zones within Cambodia. This concerted effort seeks to unravel the rich tapestry of trade, investment, and partnership opportunities, poised to contribute an estimated US$2 billion to the economic landscape. The announcement follows a significant meeting […]
Read More
Cambodia’s Ambitious Climate Agenda Requires US$7.8 Billion for Implementation
Cambodia has set its sights on robust climate change protection, with a financial requirement of approximately US$7.8 billion to realize its commitments under the United Nations Framework Convention on Climate Change (Nationally Determined Contribution: NDC). HE Tin Ponlok, a key advocate for Cambodia’s environmental priorities, emphasized this need during a productive bilateral working meeting with […]
Read More
NPA Germany Grants US$2.1m to Clear 1,600 ha of Landmines in Three Cambodian Provinces
Norwegian People’s Aid (NPA) Germany has bestowed a transformative grant of US$2.1 million upon the Cambodian Mine Action Centre (CMAC). This significant grant, officially announced by CMAC on 3 August 2023, stands poised to pave the way for a groundbreaking demining initiative spanning three provinces and covering a vast expanse of 1,600 hectares. The impetus […]
Read More
ADB Catalyses Cambodia’s Skill Renaissance with US$100m Investment in Industrial & Technological Expertise
In a significant stride towards Cambodia’s future workforce empowerment, the Asian Development Bank (ADB) has confirmed a commitment to a US$100 million loan. The strategic infusion is poised to reshape Cambodia’s economic trajectory, propelling it towards a vibrant landscape of industry and technology, underpinned by an enriched and skilled labour force. In an official press […]
Read More
Cambodia Achieves Successful Bond Issuance of US$27 Million in H1-2023, Equal to 13.5% of Plan
The Cambodian government has successfully issued bonds worth a total of US$27 million in the first half of 2023. This remarkable achievement signifies a substantial step towards the realisation of the planned US$200 million issuance, according to the release of the Ministry of Information on 31 July 2023. The Ministry of Information’s release on 31 […]
Read More
Cambodia Attracts Tech Giants: Korean & Chinese Firms Explore Setting Up Advanced Factories
Cambodia’s fervent drive to foster technological progress and human resource development in the realm of cutting-edge industries is attracting the attention of major international players from China and South Korea. Diving into a realm of potential, these global giants are earnestly evaluating the feasibility of establishing advanced technology factories within Cambodia, including the pivotal domain […]
Read More