Projects Development
Canopy Sands Development Plans to Build Cambodia’s First Cable Car Project in Bay Of Lights
Canopy Sands Development, a member of the Prince Holding Group of Cambodia, is set to begin construction of Cambodia’s first cable car project in Bay Of Lights, Sihanoukville, in early 2024. The project is part of the Bay of Lights development covering 934 hectares. The announcement was made by AMS on 12 April 2023, and […]
Read More
Thailand Eyeing Investment Opportunities in Cambodia’s Booming Logistics Sector
Thailand is exploring investment opportunities in Cambodia’s logistics sector, as the two countries seek to strengthen cooperation in this area. At a meeting on 19 April 2023.between HE Sun Chanthol, Cambodia’s Minister of Public Works and Transport, and Mr. Supachai Verapuchong, CEO of Logistics Intelligence Cambodia Co., Ltd, the Thai delegation expressed its desire to […]
Read More
IFC Partners with Cambodia for Feasibility Study of Sihanoukville Logistics Complex
The International Finance Corporation (IFC) of the World Bank has teamed up with Cambodia’s Ministry of Public Works and Transport to provide financial advisory services for the feasibility study of the Sihanoukville logistics complex (SHV-LC). The signing ceremony for the Financial Advisory Service Agreement was held on 19 April in the presence of HE Sun […]
Read More
Cambodian Board of Investment Approves US$12.2 Million for Three New Factories
The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO […]
Read More
Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?
Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country’s railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 […]
Read More
China Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
China has set its sights on developing the world’s most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The […]
Read More
CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces
The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, “SUNFLOWER ENERGY […]
Read More
US$7.2b Jakarta-Bandung High-Speed Railway Set to Revolutionize Indonesian Transport
Indonesia is set to mark its 78th Independence Day with the opening of the highly anticipated Jakarta-Bandung High-Speed Railway, a landmark project that will connect the capital to the thriving city of Bandung in just 40 minutes. The US$7.2 billion railway, a flagship initiative of China’s Belt and Road Initiative, has been years in the […]
Read More
“Koh ToToeng” &”Koh Muy” to be developed as a new tourist destination worth nearly US$38m
The Council for the Development of Cambodia (CDC) has granted approval for two investment projects worth a total of $37.7 million to develop two islands, “Koh Totoeng” in Koh Kong province and “Koh Muy” in Sihanoukville province as new tourist destinations. According to the Cambodian Investment Committee publication released on 13 April 2023, “DEN NOKOR […]
Read More
New NR4-Monivong Bokor National Park Road Reaches 30% Completion Milestone
The NR4-Monivong Bokor National Park Road, a major infrastructure project connecting the National Road No. 4 to the Bokor mountain, has reached a significant milestone. As of 8 April 2023, the project has reached 30 percent completion, according to Mr Svay Vuthy, a representative of Sokha Hotel Company, which is responsible for the construction of […]
Read More