Projects Development
CDC Approves 74 Projects Worth Over US$760 Million in Q2
Cambodia’s investment climate continues to improve as the Council for the Development of Cambodia (CDC) has given the green light to 74 new investment projects in the second quarter of 2023. This surge represents a remarkable 45% increase compared to the same period last year. According to a recent report from the Ministry of Economy […]
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Cambodia Welcomes US$11.3m Investment for Two New Factories in Kampong Speu & Svay Rieng
The Council for the Development of Cambodia (CDC) has given the green light to two companies set to invest a total of US$11.3 million in establishing two factories. These ventures are expected to generate a total of 1,289 job opportunities, benefitting residents of Svay Rieng and Sihanoukville. The CDC announcement on 28 September 2023, highlighted […]
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New Port Facility in Koh Kong Province Inaugurated & Initially Tested
In a significant stride toward bolstering both tourism and international trade, the inauguration of the Koh Kong Port in Koh Kong province marked a pivotal moment in Cambodia’s coastal development. This grand ceremony, presided over by Mrs. I Neari Net, Deputy Governor of Koh Kong Province, on 25 September 2023, signified the opening of new […]
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Japan Commits US$430 Million to Transform Sihanoukville Port into ASEAN’s Largest by 2028
The Japanese government has pledged a substantial investment of US$430 million for the expansion and enhancement of Sihanoukville port. This transformative endeavour, set to be realised by 2028, aspires to position Sihanoukville as “the largest port in ASEAN.” This announcement was made by HE Ueno Atsushi, the new Ambassador of Japan to the Kingdom of […]
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Cambodia’s Gold Refineries Shine: 8 tons of Gold Ore Processed, Generating US$13 Million in Royalties
In a glittering testament to Cambodia’s burgeoning gold industry, six prominent companies engaged in gold refinery production have collectively processed a remarkable 8,334 kilograms of gold ore as of 25 September 2023. According to a report released by the Ministry of Mines and Energy, the grand total equates to an impressive 922 gold bars, reflecting […]
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Majestic 45-Meter-High Buddha Statue Set to Grace Kep Province’s Skyline
A towering 45-meter-high Buddha statue is poised to adorn the picturesque landscape of Kep province, marking a sacred site for Buddhists and an enchanting tourist attraction. This ambitious project was unveiled during a site inspection by H.E. Som Piseth, Governor of Kep province, and Venerable Monk Hum Bounty, President of the Cambodian Meditation Center, on […]
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India Boosts Ecotourism Development in Kampong Thom & Prey Veng Provinces
India has pledged its strong backing for ecotourism community development projects in two Cambodian provinces, Kampong Thom and Prey Veng. This encouraging commitment was the result of a productive meeting between HE Sok Soken, Minister of Tourism of Cambodia, and HE Dr Devyani Khobragade, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the […]
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Cambodia Construction Update: 2K Permits Issued in 7 Months, Valued at Nearly US$3 Billion
Cambodia’s construction sector is experiencing a remarkable surge as the Ministry of Land Management, Urban Planning, and Construction announces the issuance of 2,036 construction permits within the first seven months of 2023. This surge in construction represents an impressive span of progress, covering a vast expanse of 8 million square metres and boasting a total […]
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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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