Projects Development
Apsara Authority Unveils New Bicycle Bridge for Seamless Touring Enhancing Angkor’s Charm
The Apsara Authority has completed the construction of the Ta Keo Temple Bicycle Road Bridge to elevate the cycling experience for tourists exploring the magnificent Angkor resort. This latest addition aligns with the ongoing efforts since 2020 to establish a dedicated bicycle lane spanning over 23 kilometres including four bridges across the river within the […]
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10 new projects worth more than US$ 60M to be established in 4 provinces in Cambodia
Within 15 days, the Council for the Development of Cambodia has recently granted certificates for the registration of 10 pioneering investment projects, collectively valued at over US$60 million. This transformative wave is anticipated to yield 12,695 employment opportunities, underscoring Cambodia’s commitment to robust economic growth, according to CDC’s Press release on 17 January 2024. Kampong […]
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Mondulkiri Provincial Referral Hospital Unveils US$90k Ophthalmology Building
A significant milestone in healthcare was celebrated with the official inauguration of the ophthalmology building at Mondulkiri Provincial Referral Hospital, valued at nearly US$90,000. The momentous occasion took place during a ceremony presided over by HE Dr Ly Chhuong, Secretary of State of the Ministry of Health, on 15 January 2024. Dr Tuy Sros, the […]
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India’s burgeoning electric vehicle landscape, aiming to […]
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Majestic 45-Metre-Tall Buddha Statue Soars as Construction Commences in Kep Province
The construction of the awe-inspiring 45-metre-tall “Buddha of Forgiveness” has commenced in Kep province. The groundbreaking event was presided over by Samdech Men Sam An, Personal Adviser to the King of the Kingdom of Cambodia which was held on 9 January 2024, marked the initiation of this monumental project, situated in Kep village, Sangkat Kep, […]
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Bay 19 Golf Worth US$41m Elevating Golfing Excellence on Cambodia’s Coastal Horizon
A groundbreaking ceremony marked the commencement of the first international standard Bay 19 Golf Course project, an extraordinary venture with a US$41 million investment, situated on Ream Beach in Sihanoukville as part of the Bay of Lights development project. The launch, held on 29 December 2023, was inaugurated by HE Kouch Chamroeun, Governor of Sihanoukville, […]
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Cambodia’s Economic Surge: 2023 Witnesses 44% Spike in Approved Investment Projects
The Council for the Development of Cambodia (CDC) gave the green light to 268 investment projects in 2023, marking a substantial 44% increase compared to the previous year. This surge in projects includes 247 new ventures and 21 expansions, reflecting a dynamic and expanding business landscape within the country. The total investment capital for these […]
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CDC Invites Chinese Companies to Invest in Designated 1k Hectare of Land Near New Siem Reap Airport
A senior official of the Council for the Development of Cambodia (CDC) is paving the way for Chinese investment giant Yunnan Construction Group to establish a special economic zone near the cutting-edge Siem Reap Angkor International Airport. This strategic initiative, anticipated to unfold in 2024, holds the promise of catalysing investments and fostering cross-border economic […]
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Gov’t Unveils Ambitious 12 Million m3 Reservoir Project to Propel Northeastern Economic Growth
In a strategic move to bolster economic development in Cambodia’s northeastern region, the Ministry of Water Resources and Meteorology, in collaboration with the Ministry of Economy and Finance, has successfully implemented the construction of the “Upper Dam, Lower Dam, and O’Te Reservoir”. This monumental project is set to supply a staggering 12 million cubic metres […]
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Pinnacle of Progress: J Tower 3 Project Breaks Ground in Phnom Penh as ASEAN’s 8th Tallest Marvel
A new icon graces the skyline of Phnom Penh as the J Tower 3 project, the eighth tallest marvel in ASEAN, commenced construction with a groundbreaking ceremony on 27 December 2023. This towering project, valued at over US$150 million, will stand at an impressive 320 metres, encompassing 77 floors, two basements, and a total of […]
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