Investment and Funding
Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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Reopening Battambang airport proposed
The Ministry of Tourism has unveiled plans to reopen an abandoned airport in Battambang province to facilitate the travel of national and international tourists. The Battambang Airport rehabilitation project is among the key initiatives to facilitate travel and promote foreign capital flows to Cambodia. Speaking at the Tourism Ministry’s 27 February meeting at Sokha Phnom […]
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CDC approves US$12 million investment in three construction material factories
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$12 million in establishing three construction material factories in Phnom Penh, Sihanoukville and Takeo. The first project is an investment of about US$ 2.5 million by Ningo Bainian (Cambodia) Electric Appliance […]
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Government receives US$20 million loan from China to expand Phnom Penh port
The government has received a US$20 million loan from China to expand the Phnom Penh port, according to Minister of Public Works and Transport H.E. Sun Chanthol. H.E. Sun Chanthol made the announcement during a press conference on the progress and future direction of the Ministry of Public Works and Transport at the Council of […]
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Over US$200 million spent on repairing damaged roads each year
The Ministry of Public Works and Transportation spends between US$150 to 200 million annually to repair damaged roads across Cambodia, according to Public Works, and Transport Minister H.E. Sun Chanthol. H.E. Sun Chanthol stated this during a press conference on the progress and future direction of the Ministry of Public Works and Transport at the […]
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Government approves four construction material factories worth US$25 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to four firms to invest a total of approximately US$25 million in establishing their construction material businesses in Cambodia, which are expected to generate at least 1,100 jobs. According to the CDC announcement, the four firms are Kaining Metal […]
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Vinci Airports and SCA request cooperation with OCIC on new airport development
Vinci Airports and SCA, commonly known as Cambodia Airports, have recently proposed to set up a joint venture with OCIC to help develop the new multi-billion-dollar Phnom Penh International Airport in Kandal province. The proposal was made on 4 February during the meeting between the three firms and the State Secretariat of Civil Aviation, at […]
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CDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will […]
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Government approves Aeon 3 project
The Council for the Development of Cambodia (CDC) on 25 December approved the investment project for third Aeon mall which is to be located along Samdech Techo Hun Sen Boulevard, also known as the 60-metre wide road. The project is an investment by Aeon Mall (Cambodia) Co., Ltd using a capital of US$289.6 million and […]
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Waste Management Facility Launched in Kampot province
Chip Mong Insee Cement Corporation, a subsidiary of local conglomerate Chip Mong Group, launched a new industrial waste management facility. It will provide an environmentally friendly solution to disposing of industrial waste. Chip Mong Ecocycle facility was launched on December 5 and held under the presence of H.E. Say Sam El, Minister of Environment. It […]
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