Investment and Funding
Construction of 500-hectare Kampong Speu Industrial Zone Begins
The construction of OCIC’s 500-hectare industrial zone project located between National Roads 51 and 44 has begun, according to the project manager Kou Borin. Mr Kou Borin told Construction & Property Magazine on 21 October that the working team are currently filling in the land and preparing some of the project’s internal infrastructure. “Besides a […]
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Chinese Firm Mulls Investing in Oil Refinery in Cambodia
Chinese firm Hainan Starlight Chemical Co., Ltd has recently expressed interest in establishing an oil refinery in Cambodia. This interest was raised during a courtesy meeting between Minister of Mines and Energy HE Suy Sem and representatives from Hainan Starlight Chemical Co., Ltd on 21 October. The purpose of this meeting was to discuss the […]
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S. Korea Provides US$80-million Grant Aid for 12 Development Projects in Cambodia
The Korea International Cooperation Agency (KOICA) has provided US$80 million in grant aid for 12 major development projects in Cambodia, according to a meeting between the Minister Attached to the Prime Minister HE Chhieng Yanara and KOICA Country Director Rho Hyunjun on 21 October. Mr Rho Hyunjun said that the US$80 million is for prioritised […]
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Cambodia Chamber of Commerce Drafting Investment Guidebook to Attract More FDI
The Cambodia Chamber of Commerce is currently compiling investment guidebooks for each province nationwide, aiming to help ease the business environment for investors, both local and international. As of today, the relevant institutions are focusing on finding input for investment guidebooks of two provinces, Siem Reap and Oddar Meanchey. The books aim to serve as […]
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Sihanoukville Airport Runway Expansion Complete
The runway restoration and expansion at Sihanoukville International Airport has been completed and is scheduled to officially open by the end of 2020, according to the Sihanoukville Provincial Administration. The blessing ceremony for the completion of this new runway was held on 13 October under the presidency of Minister of the Secretariat of Civil Aviation […]
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Japan Providing US$35million Grant Aid to Repair Seven Bridges in Prey Veng and Kratie
The Japanese government is currently providing approximately US$35 million in grant aid to restore seven bridges in Prey Veng and Kratie provinces which under the risk of flooding. Senior Minister of Public Works and Transport HE Sun Chanthol mentioned this during the handover ceremony of road construction machinery on the morning of 12 October. (Read […]
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Japan Funds US$1 billion for Infrastructure Development in Cambodia
Japan provided at least US$1 billion in funds, including grant aid and loans for Cambodia infrastructure development, according to the Minister of Public Works and Transport (MPWT). Minister of Public Works and Transport HE Sun Chanthol stated the figure during the handover ceremony of 15 pieces of construction machinery as grant aid from Japan on […]
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Japan Grants 15 Construction Machines to Promote Infrastructure Development in Cambodia
The Government of Japan has handed over 15 road construction machines worth US$4.5 million to help improve road construction projects in Cambodia. The handover ceremony was held on 12 October and presided over by Ambassador of Japan to Cambodia and HE Sun Chanthol, Minister of Public Works and Transport. The grant comprises of 15 machines […]
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China to Fund Three More Major Infrastructure Developments in Cambodia
China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7. The Chinese government stated the intention during an official meeting between Cambodian Deputy Prime Minister HE Hor Namhong and Councilor and […]
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Cambodia Never Asks to Delay Loan Repayments from Foreign Creditors
Despite the COVID-19 crisis, Cambodia has never asked creditors to delay payment or disobey any international financial obligations, according to government spokesman HE Phay Siphan on 09 October. “As noted by Prime Minister Hun Sen, Cambodia is in a better position compared to some other countries in terms of financial status during the COVID-19 period. […]
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