Projects Development
Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that […]
Read More
Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of […]
Read More
Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$26.23 million in building five factories in Kampong Speu, Sihanoukville, and Phnom Penh. The first firm is Fukki Apparel and Laundry Technology Co., Ltd, which will invest US$5.4 million to establish a garment and laundry factory in Sangkat Prek […]
Read More
OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh. The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw. The Malaysian Ambassador […]
Read More
SSEZ Import & Export Value in H1 at US$1.4 billion, Up 28% Y-o-Y
During the first half of 2022, the export and import value at the Sihanoukville Special Economic Zone (SSEZ) was recorded at US$1.4 billion, an increase of 38% compared to the same period last year. According to SSEZ President Chen Jiangang, his firm is currently expanding e-commerce activities and Silk Road development to attract more technology-related […]
Read More
Government Signs US$760 million in New Grants & Concessional Loans in H2 2022
The Royal Government of Cambodia has signed new grants and concessional loans totalling approximately US$762 million while financing under the framework for infrastructure development projects and other priority projects totals approximately US$524 million. The new agreements, signed in the first half of 2022, are for the implementation of 18 projects or development programs, according to […]
Read More
Construction of Ring Road 3 Over 76% Complete as of July
Construction of Ring Road 3 around Phnom Penh was 76.87% complete by 25 July 2022, with the completion date delayed to September 2023. The update was provided by Heang Sotheayuth, a spokesman for the Minister of Public Works and Transport on 01 August. With ground broken in January 2019, Ring Road 3 has a total […]
Read More
US$1.5bn Kampot Port Listed as Largest Port Project Initiated Globally in Q2 2022
The newly announced US$1.5 billion international port in Kampot province has become the largest port project initiated globally in Q2 2022, according to GlobalData. In 2022, there are five giant port projects, of which the Cambodian port ranks first. The 5 port projects are as: Kampot Logistics & Multipurpose Port– US$ 1.5 billion With a […]
Read More
India Provides Loan of Over US$35 Million to Develop Stueng Svahab Reservoir in Kampong Speu
The Republic of India has provided approximately US$36.92 million in loans for the implementation of the five-year Stueng Svahap Water Resources in Kampong Speu, according to a Kick-off Meeting on 30 June 2022. The meeting reviewed and discussed the five-year WAPCOS-PMC project management action plan, including: Preparation of a DPR detailed study report. Engineering procurement […]
Read More
Tbong Khmum Customs & Excise Office Officially Inaugurated
The administrative building, residential building, and infrastructure at the Customs and Excise Offices in Tbong Khmum province were officially inaugurated on 28 July 2022. The ceremony was presided over by HE Aun Porn Moniroth, Deputy Prime Minister, Minister of Economy and Finance, accompanied by HE Cheam Chansophoan, Governor of Tbong Khmum province. That Customs and […]
Read More