Investment and Funding
Cambodia’s Construction Investment in First 8 Months of 2020 Decreased by 15%
The total estimated investment capital of construction projects approved by the government in the first eight months of 2020 was approximately US$5 billion, down by 15.1% compared to the same period in 2019, according to a report of the Ministry of Economy and Finance. The report also stated that though the investment decreased, the number […]
Read More
New Siem Reap City Development Planning Continues
The Ministry of Tourism has unveiled plans to establish a new Siem Reap city (Grand Siem Reap), located near the under-construction new Siem Reap Airport in Sotr Nikum district. The new city project is part of a master plan for tourism development the province. This statement was stated by H.E. Thong Khon, Minister of Tourism […]
Read More
27 hectares of land in Kampot to Become Province’s First Golf Course
Local Real Estate Developer Forest Harmony has recently launched its the Golf Harmony project, which is the transformation of a 27.3-hectare land plot in Tuek Chhou district into luxury condominiums, villas, and first-ever golf course in Kampot province. Located in Prey Thnong commune about 18 km from Kampot city, the project comprises of 9-holes golf […]
Read More
Construction of Koh Norea Bridges Begins, Marking New Stage of US$2.5-billion Satellite City
The Overseas Cambodia Investment Corporation (OCIC) broke ground on two major bridge projects on 26 October, one of which connects Koh Pich city to Koh Norea and another connecting Koh Norea to NR1, marking to stage of the US$2.5-billion satellite city. The groundbreaking ceremony of the two bridges was presided over by Samdech Prime Minister […]
Read More
Infrastructure Development Sector Receives Third Largest National Budget Allocations
The Cambodian government has approved US$8.1 billion for 2021 public expenditure in 2021, of which infrastructure development sector received the third largest. According to outcome statement of the meeting chaired by Prime Minister Hun Sen, the Ministry of Public Works and Transport (MPWT) is at the top three receiving the most budget after the Ministry […]
Read More
Government Approves Two Development Projects Worth Over US$350 million
The Council for the Development of Cambodia (CDC) has approved Oddormeanchey Power Industry Co Ltd to invest over US$350 million to build a 265-megawatt coal-fired power plant in Oddor Meanchey and a 230-kilovolt transmission line. The coal-fired power plant is to be located Trapaing Prasat district and will be built with an investment of US$294 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More