Projects Development
CDC Greenlights Seven New Industrial Giants with US$24.3M Investment, Propelling Job Creation in Svay Rieng & Sihanoukville
The Council for the Development of Cambodia (CDC) has granted approval to seven companies to embark on transformative ventures, collectively investing an impressive US$24.3 million. This strategic move is expected to usher in a wave of economic growth and 3,491 employment opportunities, benefitting the communities of Svay Rieng and Sihanoukville. The CDC announcement, dated 21 […]
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Eve Energy Partners with Energy Absolute to Establish Cutting-Edge Lithium-Ion Battery Plant in Thailand
Chinese battery manufacturer Eve Energy has entered into a Memorandum of Understanding (MOU) with Energy Absolute (EA), Thailand’s premier renewable energy company. Their collaborative goal is to construct and operate a cutting-edge factory dedicated to the production of lithium-ion batteries, specifically for electric vehicles (EVs). This announcement aligns with the global trend of investment in […]
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Sihanoukville Ready for US$40 Million Steel Plant Investment
In a significant move that promises to reshape Sihanoukville’s economic trajectory, the Council for the Development of Cambodia (CDC), has granted an investment project registration certificate to “HUALE STEEL (CAMBODIA) CO., LTD.” The company is embarking on a transformative journey to establish a versatile steel plant within the Sihanoukville Port Special Economic Zone, according to […]
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Chinese Firm Eyes Over 300 Hectares for Chemical Fertiliser & Pesticide Production in Cambodia
A prominent Chinese investment company based in Anhui province is seeking to acquire more than 300 hectares of land to establish chemical fertiliser and pesticide production facilities. This initiative follows a productive meeting held on 19 September 2023, between HE Chea Vuthy, Secretary General of the Cambodian Investment Commission, and a delegation from the Chinese […]
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Grants Concessional Loan to Build Tonle Bassac Bridge Connecting Chak Angre Krom & Prek Pra
Cambodia and China have come together to sign a concessional loan agreement for the construction of the grand Tonle Bassac Bridge, creating a vital link between Chak Angre Krom and Prek Pra. This momentous agreement was officially announced through a press release from the Royal Government’s spokesperson on 17 September 2023. The signing ceremony took […]
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Stueng Bot-Ban Nong Ean International Border Checkpoint Nears Completion at 91.26%
The Khmer-Thailand International Border Gate project, commonly known as the Stueng Bot-Ban Nong Ean International Border Checkpoint, has reached an impressive 91.26% completion as of 14 September 2023. This significant progress was inspected by the Minister of Public Works and Transport HE Peng Po on 13 September 2023. The governments of Cambodia and Thailand have […]
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Vietur Consortium Wins Bid to Construct US$1.5 Billion Long Thanh International Airport Terminal
The Airports Corporation of Vietnam (ACV) has awarded the construction of the US$1.5 billion terminal at Long Thanh International Airport, located near Ho Chi Minh City, to the Vietur Consortium. This consortium, led by the seasoned Turkish contractor IC Içtas, boasts the participation of nine Vietnamese companies alongside IC Içtas itself. Notably, this selection follows […]
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Koh Kong to Welcome Zhejiang SEZ’s Ambitious Expansion: 1,000Ha to Boost Foreign Investments
Koh Kong province in Cambodia is gearing up to expand foreign direct investment with the expansion of the Zhejiang Special Economic Zones (SEZs) into a strategic new location in Koh Kong province, encompassing a sprawling 1,000 hectares of prime land. This promising development took centre stage during the recent visit of HE Sun Chanthol, Deputy […]
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US$16m Sewerage & Wastewater Treatment Plant Inaugurated in Stoeung Sen
Stoeng Sen City in Kampong Thom province has celebrated the official inauguration of the Stoeng Sen Sewerage & Wastewater Treatment Plant Project, a remarkable initiative valued at over US$16 million. The facility was inaugurated by HE Peng Po, Minister of Public Works and Transport, on 15 September 2023, signifying a significant stride towards modernising and […]
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Cambodia’s Investment Landscape Grows: Six Projects Worth US$34.6 Million Approved
The Council for the Development of Cambodia (CDC) has given the green light to six ambitious projects. These projects, with a combined investment of US$34.6 million, are set to not only contribute significantly to the country’s economic growth but also generate 7,584 employment opportunities in Kampong Speu, Takeo, and Phnom Penh. The CDC announcement on […]
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