Projects Development
Sports Village is Ready for Official Inauguration on 20 April
The 2023 SEA Games Village at the Moradok Techo National Stadium in Cambodia is set to be inaugurated on 20 April 2023, in preparation for the upcoming Southeast Asian (SEA) Games. The announcement was made by HE Vath Chamroeun, Secretary General of the National Organising Committee for the 2023 SEA Games and ASEAN Para Games […]
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Trusts Register with Total Capital of US$730m as of February 2023
Cambodia’s Trust Regulator (TR) has reported that 492 trusts have been registered as of 23 February 2023, with a combined capital of US$735 million. The Commercial Trust sector has the largest number of trusts, accounting for 66% of the total registered capital at US$492 million, followed by Financial Trust at US$174 million and Public Trust […]
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ADB Lends Laos PDR US$692.5m to Build Largest Wind Power Plant in Southeast Asia
The Asian Development Bank (ADB) has signed a financing package worth US$692.55 million with Monsoon Wind Power Company Limited (Monsoon) to construct a 600-megawatt wind power plant in the Sekong and Attapeu provinces of southern Laos PDR. The project, called “Monsoon,” will be the largest wind power plant in Southeast Asia, consisting of 133 wind […]
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US$2.4-million Water Treatment Plant Breaks Ground in Kambol District
A new US$2.4 million water treatment plant, with a capacity of 5,000 cubic metres per day, has broken ground in Phnom Penh’s Kambol district. The groundbreaking ceremony was held on 3 March with HE Cham Prasidh, Senior Minister, Minister of Industry, Science, Technology and Innovation, presiding over the event. This Boeung Thom Water Treatment Plant […]
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Feasibility Shows ‘Okay’ to Bassac – Kampot Waterway
The Ministry of Public Works and Transport (MPWT) has announced that the feasibility study of the Tonle Bassac waterway and logistics project has been completed, with no major technical, environmental, or legal issues found. The study was conducted by CCCC Water Transportation Consultants Co., Ltd, and its progress was discussed at a meeting between the […]
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Booyoung Group Expresses Investment Interest in Infrastructure & Transportation in Cambodia
Booyoung Group, a leading South Korean conglomerate, has expressed its interest in investing in Cambodia’s infrastructure and transportation sectors. The announcement was made during a meeting between the Booyoung delegation and H.E. Sun Chanthol on February 28, 2023. As Cambodia continues to develop its infrastructure and transportation networks, foreign companies like Booyoung Group are keen […]
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By 2022, Cambodian Government Implementing 19 Water Projects Worth Over US$747m
The Cambodian Ministry of Industry, Science, Technology, and Innovation has been busy implementing 19 water projects with a total budget of USD 747.49 million, according to a recent progress report on the ministry’s work activities. The total budget comprises US$ 129.49 million in grant financing and US$ 618 million in concessional financing. Among the 19 […]
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Chinese Company Invests US$200m to Build New Tyre Plant in Kratie
Qingdao Double Star Group, a Chinese car tyre manufacturer, has announced plans to invest US$210 million in a new greenfield tyre manufacturing plant in Cambodia. The company will partner with local mining company UBE Development Co. Ltd. to establish a subsidiary, Double Star (Cambodia) Tire Co. Ltd., for the investment. The new plant will be […]
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Cambodia’s Industrial Sector Begins to Bounce Back Post Pandemic
Cambodia’s industrial sector has continued to show promising growth, with 1,982 manufacturing factories operating in 2022 and producing a total output of $15,834 million. This represents an impressive 83% increase from the previous year. HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology and Innovation, revealed these figures at the annual meeting to […]
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New Oddar Meanchey Hospital Building Worth Over US$2m Inaugurated
The new Oddar Meanchey Provincial Referral Hospital building, valued at over US$2 million, was officially inaugurated on 1 March 2023. The inauguration ceremony was presided over by Minister of Health HE Professor Mam Bun Heng. The hospital’s opening is expected to address the shortage of healthcare facilities and improve the healthcare system in Oddar Meanchey […]
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