Investment and Funding
Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment
The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia’s growing appeal as a coveted investment destination. Leading the […]
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Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023
Angkor Wat, the crown jewel of Cambodia’s cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed […]
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World Bank Commits $60 Million to Enhance Solid Waste and Plastics Management in Cambodia
The World Bank Board of Executive Directors has granted approval for a significant $60 million credit from the International Development Association to support Cambodia in improving its solid waste and plastic management systems. This vital project will also receive co-financing of $3 million from the PROBLUE Trust Fund. In an official press release issued on […]
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TRCS Co-Financing Supports 346 Tourism Businesses with $53.46 Million
A total of 346 tourism businesses have received $53.46 million in financing as part of the Tourism Restoration and Growth Sector (TRCS) co-financing project, as of 30th April 2023, according to the Small and Medium Enterprise Bank of Cambodia (SME Bank of Cambodia) on 5th May 2023, The funding disbursed accounts for US$ 53.46 million, […]
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JICA funds US$167 M to Advance Rural Connectivity with Over 500km Road Improvement Project
The Government of Japan, through the Japan International Cooperation Agency (JICA), is poised to inject US$167 million into funding projects aimed at enhancing the quality of over 500 kilometers of rural roads across four targeted provinces in northwestern Cambodia. The plans were unveiled by HE Ouk Rabun, Minister of Rural Development, and Mr. Sanui Kazumasa, […]
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ADB Continues Support for Cambodia’s Development with US$4.6 Billion Investment
The Asian Development Bank (ADB) has been a strong partner in Cambodia’s development journey, with a total investment of US$4.6 billion for 331 public sector projects in the form of loans, grants, and technical assistance. This was revealed in the ADB Member Fact Sheet 2022, which was released in April 2023. In 2022, ADB has […]
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Korean Auto Parts Manufacturer YURA Harness Plans to Establish a Research and Development Center in Cambodia
Korean auto parts manufacturer YURA Harness (Cambodia) Co., Ltd. is set to establish a research and development center in Cambodia, following the successful inauguration of its wiring assembly plant in Kampong Speu province. This development was announced during a meeting between the delegation of YURA Harness (Cambodia) Co., Ltd. and the Minister of Industry, Science, […]
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Chinese Investors Eyeing Cambodian Agriculture, Plans $400 Million Investment on 300K hectares
Chinese investors are looking to invest $400 million in Cambodia’s agricultural sector, requiring 300,000 hectares of land, according to a recent meeting between a Chinese investment delegation and the governor of Kampong Thom province on 27 April 2023. HE Duong Dara, Samdech Hun Sen’s personal assistant and Secretary of State of the Council of Ministers, […]
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OCIC and BIG C Join Forces to Bring Top-Notch Shopping Experience to Chroy Changvar Satellite City
OCIC, one of Cambodia’s most prominent developers, has recently signed a memorandum of understanding with BIG C Shopping Mall from Thailand to bring the top brand to the new Chroy Changvar satellite city, situated north of Phnom Penh. According to a press release by OCIC on 22 April 2023, the BIG C shopping mall project […]
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Gov’t Approved two Investment projects worth US$ 10.4m in Kandal province
The Council for the Development of Cambodia (CDC) has recently approved two investment projects worth a total of US$10.4 million in Kandal Province and Phnom Penh, according to a statement released on the CDC website on 24 April 2023. The first investment project, “FITLY APPAREL CO., LTD,” will invest US$5.3 million in establishing a garment […]
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