Projects Development
Gov’t Greenlights Two Thriving Investment Projects Worth US$10.14 M, Boosting Economic Growth
The Investment Committee of Cambodia, under the esteemed Council for the Development of Cambodia (CDC), has unveiled its endorsement of two promising investment ventures, totaling an impressive sum of over US$10.14 million. These ventures will usher in the establishment of factories in the vibrant provinces of Kampong Speu and Phnom Penh, as officially announced by […]
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China Secures Global Dominance with Unmatched Number of Nuclear Power Units Under Construction
China’s unwavering commitment to nuclear power has propelled it to the forefront of global energy leadership, as confirmed by the latest blue book issued by the China Nuclear Energy Association (CNEA) on Wednesday. The report reveals that China currently leads the world with an impressive 24 nuclear power units under construction, boasting a staggering total […]
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Chinese Firm Granted Approval to Build State-of-the-Art Multi-Purpose Port in Kampot Province
Kampot province is set to witness the development of a cutting-edge multi-purpose port as China Harbour Engineering Company Ltd (CHEC), a renowned Chinese firm, has been granted permission to construct the Kampot multi-purpose port. Following a year of meticulous soil analysis and infrastructure preparation, the signing ceremony of the construction contract took place on May […]
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Australia Collaborates with Cambodia to Establish Groundbreaking Agri-Food Industrial Park for Enhanced Competitiveness
In a groundbreaking partnership, Australia is teaming up with Cambodia to establish the country’s first Agri-Food Industrial Park (AIP) with the aim of enhancing market competitiveness. The Australian Embassy officially announced this significant collaboration on 3 May 2023 through their official Facebook page. The Agri-Food Industrial Park will serve as a hub for Agri-Food processing, […]
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US$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024
The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia’s increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for […]
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Royal Railway and Three Companies Sign MOU to Develop Land Along Railway Line
Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land […]
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GOV’t Plans to Develop Seabed War Museum on Takeav Island
Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and […]
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Single Portal for Business Registration Attracts Nearly US$2 Billion in Construction and Real Estate Investments
The govt’s efforts to streamline business registration processes and improve the country’s investment climate have paid off. The Online Business Registration platform, a single portal for registering new businesses, has received a total of 24,466 applications as of April this year, with a combined investment value of US$7.42 billion. The construction sector accounted for the […]
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Cambodia launches US$53m power expansion projects with concessional loans from Japan
Cambodia has officially launched two major power expansion projects worth over US$53 million under the framework of concessional loans and grants of the Royal Government of Japan. These projects aim to strengthen the power supply capacity in Phnom Penh and the southern economic corridor of Cambodia. The inauguration ceremony was presided over by HE Suy […]
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Svay Rieng Province Flourishes with 12 Special Economic Zones and 264 Factories
Svay Rieng Provinc has emerged as a thriving business hub with the establishment of 12 special economic zones since 2005. According to HE Men Vibol, Governor of Svay Rieng Province, nine locations are currently operational, hosting a total of 264 factories, enterprises, and establishments, providing employment to over 94,000 workers. Of these, 146 factories are […]
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