Investment and Funding
Germany Provides US$63m Grant to Cambodia for Economic Development
The German government has promised to provide approximately a US$63 million gran for Cambodia to support the country’s economic development from 2021 to 2022 after two days of negotiation between the two nations on 4 – 5 May. Of the total, approximately US$31 million will be used for financial cooperation while the rest will go […]
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Two New Factories Worth Over US$5 million Approved for Battambang and Kampong Speu
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth a total budget of approximately US$4.7 million in Battambang and Kampong Speu provinces. The first investment permit has been granted to Green Power Biochemical Co., Ltd to invest US$2.3 million in building a biochemical factory […]
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Gov’t Approves Six New Investment Projects Worth Over US$100 million
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building six factories, worth a total budget of approximately US$106.3 million in Kandal, Takeo, Kampong Speu and Preah Sihanouk provinces. The first investment permit has been granted to Yiankang Biological Technology Co., Ltd to invest US$2.9 million in building […]
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OCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known […]
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at […]
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Construction delays another greatest risk for the condo market besides oversupply
Construction delays, as well as the delays in handover date, are the two main concerns in the condominium market at the moment, followed by the oversupply issue, according to CBRE Cambodia’s recent report. The report added among other causes, the loss of foreign investment in the sector is the prominent one that negatively impacts the […]
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US$2.8-billion Phu Quoc large-scale resort to open in late April
A large-scale resort spanning over 1,000 hectares on Phu Quoc Island is set to officially open on 21 April, according to Inside Asian Gaming. Known as the Phu Quoc United Center, the resort has been built by the VinGroup with an investment value of US$2.85 billion. Located in the northern part of Phu Quoc Island, […]
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Over 50 Private Firms Show Interest in Cambodia’s Infrastructure Investment
More than 50 national and international companies have recently expressed interest in investing in Cambodia’s infrastructure, according to an online meeting between the Ministry of Public Works and Transport (MPWT) and those firms on 07 April. MPWT Minister HE Sun Chanthol, in response, fully supported and welcomed all investments related to infrastructure. The minister has […]
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Cambodia Produces Over 8.5 Billion Kilowatt-Hours of Electricity in 2020
Cambodia produced over 8.5 billion kilowatt-hours of electricity through various power plants such as coal-fired and hydropower plants over the course of 2020, a slight decrease of approximately 1.87% compared to 2019, according to Prime Minister Samdech Hun Sen’s recent keynote issued on 5 April. He added that the number of houses connected to the […]
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Cambodia Urges ADB to Focus on Cross-Border Facilities to Boost Logistics
The Ministry of Public Works and Transport (MPWT) has urged the Asian Development Bank (ADB) to focus its development on cross-border facilities to help improve the logistics sector between Cambodia and neighbouring countries. The proposal was made during a working meeting between the MPWT and the ADB on 06 April. MPWT Minister HE Sun Chanthol […]
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