Projects Development
Construction of New US$60m Interior Ministry HQ 60% Complete
The construction of the new Ministry of Interior administrative building has been completed 60% as of early November and is scheduled to be completed as planned in August 2023. Deputy Prime Minister and Minister of Interior Samdech Sar Kheng provided the progress update during the construction site inspection on 3 November. “The new administrative building […]
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Cambodia to Build Three More Deep-Sea Ports to Boost Trade with US & Europe
Cambodia is planning to build three more deep-sea ports in the Kingdom, aiming to boost direct freight access to and from the US and European nations. The plan was confirmed by HE Minister Sun Chanthol in a press conference on 27 October 2022. “The first port is the expansion of Sihanoukville port to 14.5m by […]
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JICA Launches Three Campaigns for Siem Reap Smart City Project
The Japan International Cooperation Agency (JICA) has been working with the Cambodian government to transport Siem Reap into a smart city, with three major action plans set for 2022 to 2025. According to discussions at an official meeting on 31 October, the second phase of the project will be implemented from May 2022 to March […]
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Cambodia’s First Wildlife & Aquarium Park Open in November
ANGKOR WILDLIFE & AQUARIUM, a park with “rare” fish, other animals and various species in Cambodia officially opened on 1 November 2022. The park is located along NR6, in Kbon village, Khchas commune, Sot Nikum district, Siem Reap province. The park complex covers more than 10,000 sqm and feature freshwater and marine fish species that […]
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Gov’t Plans to Spend Approx. US$1.8 billion on Public Investment Projects in 2023
In 2023, the government plans to spend over US$1.8 billion to develop public investment projects, or equivalent to 5.89% of GDP, an increase of 25.2% compared to the 2022 budget. According to the draft law on finance for management in 2023, the expenditure plan will focus on four key areas including: -Construction and rehabilitation of […]
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South Korea to Help Establish Food Processing Centre in Cambodia
The Korea Food Research Institute plans to help establish a food processing task center (FTC) in Cambodia to boost food production and contribute to reducing imports. The project was discussed during a recent meeting between HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology, and Innovation, and Mr. Kim Young-chan, Project Manager of […]
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Renovation of NR33 to Begin Soon
The renovation of NR33 connecting Kampot to Chrak Lok will begin soon, while the Ministry of Public Works and Transport has already completed the design plan. Speaking during the inspection of NR33 on 25 October, Secretary of State of the Ministry of Public Works and Transport HE Pal Chandara said that the technical team had […]
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Trade Volume Between Cambodia & UAE at US$280m, Over US$2.7m in Real Estate
In the first eight months of 2022, the trade volume between Cambodia and the United Arab Emirates (UAE) reached nearly US$280 million, while investment in real estate shared US$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab […]
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Three Investment Projects Worth US$14.1m Approved for SHV & Kandal
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$14.1 million in establishing three factories in Sihanoukville and Kandal province. The first firm is CHENG ZHEN YONG INDUSTRY CO., LTD, which will invest US$5.2 million to establish a shoe accessories factory located in Chak village, Bek Chan commune, […]
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Chinese Company wants to set up an electric car assembly plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile aims to invest in industrial technology by setting up a factory and assembling electric vehicles in Koh Kong province. This is according to the meeting through the online system on October 22, 2022. The meeting focused on building good relations so that Chinese investors can come to understand the […]
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