Investment and Funding
CDC Approves 87 Investment Projects Worth Almost US$3 Billion in H1, Up By 10%
The Council for the Development of Cambodia (CDC) in the first half of 2021 approved 87 new investments both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year. According to Fresh News on 6 July, compared to the same period in […]
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Construction of US$2.5-billion Koh Norea Satellite City 30% Complete
Construction of the US$2.5-billion Koh Norea satellite city being developed by OCIC has reached 30% completion, with the company confirming that construction is on schedule despite the COVID-19 crisis. According to Touch Samnang, a senior official of the Koh Norea Satellite City Development Project, to date, landfilling work is 60% complete, bridge construction at 20%, […]
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Four Factories Worth Over US$27 million Approved for SHV & Svay Rieng
The Council for the Development of Cambodia (CDC) recently approved private firms to invest in building four factories, worth approximately US$27 million, in Sihanoukville and Svay Rieng provinces. The first investment permit has been granted to Honglaite Home Handicraft (Cambodia) Co., Ltd to invest US$5.2 million in building a lighting and curtain factory in the […]
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Ministry of Commerce Urges Sweden to Open IKEA in Cambodia
The Ministry of Commerce has urged Sweden to consider opening renowned furniture megastore IKEA in Cambodia, as the demand for the market is significantly growing. The request was by Minister of Commerce HE Pan Sorasak during the meeting with the Swedish Ambassador to Cambodia HE Björn Häggmark. HE Pan Sorasak said that Cambodia would like […]
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Hong Lai Huat Group to Build Agricultural Hub on 10,000 hectares in Kampong Speu
Singaporen real estate developer, Hong Lai Huat Group, has received permission from the Royal Government to set up a huge agricultural hub on an area of about 10,000 hectares in Oral district in Kampong Speu province, according to The Business Times on 16 June. The development project will be built in stages, starting in the […]
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Cambodia, Australia Join Hands to Upgrade Clean Water System, Aiming for 100% Universal Access by 2030
Australian Embassy of Cambodia Chargé d’Affaires Mr Luke Arnold met the Minister of Industry, Science, Technology, and Innovation (MISTI) HE Cham Prasidh on Tuesday 15 June to advance the bilateral collaboration on access to clean piped water in Cambodia’s provinces. According to the study, only 47% of Cambodian villages had access to clean water pipes […]
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Three New Factories Worth US$15 million Approved for Kandal, Takeo & Phnom Penh
The Council for the Development of Cambodia (CDC) recently approved private firms to invest in building three factories, worth approximately US$15 million in Kandal, Takeo, and Phnom Penh. The first investment permit has been granted to J.A.K Garment Co., Ltd to invest US$2.4 million in building a garment factory in Kampong Pring Village, Sangkat Sitbo, […]
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Two New Factories Worth Over US$10 million Approved for Kandal and Phnom Penh
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building two factories, worth a total budget of approximately US$10 million in Kandal and Phnom Penh. The first investment permit has been granted to Impak (Cambodia) Co., Ltd to invest US$5million in building a suitcase and bag factory in […]
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New US$79-million Hotel & Commercial Centre Set for Pou Senchey District
The Council for the Development of Cambodia (CDC) has officially approved Continent Crown Investment Management Co., Ltd to invest US$79 million to build a 275-key 4-star hotel and commercial centre in Sangkat Kakab, Pou Senchey district in Phnom Penh. On the same day, CDC also approved Cambodian Gome Farm Food Co., Ltd to invest US$6.5 […]
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HLH Group comes to settlement agreement for sale of D’Seaview in Sihanoukville
After calling off the sale in 2018 due to the buyer’s issue, Hong Lai Huat (HLH) Group’s subsidiary PH One Development has re-entered into a settlement agreement with the buyer on May 27, reported The Edge Singapore. In the agreement, both parties accept that the buyer has paid US$4.2 million according to the payment schedule […]
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