Cambodia’s Economic Boom: A Game-Changer in 2024
In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape. […]
Cambodia Strengthens Transport Infrastructure with UN Partnership
In a significant move towards enhancing Cambodia’s transport and logistics infrastructure, the Ministry of Public Works and Transport has joined forces with the United Nations Office for Project Services (UNOPS). On January 10, 2025, a Memorandum of Understanding (MoU) was signed between HE Peng Po Na, the Minister of Public Works and Transport, and Mrs. […]
WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth
In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal […]
COP29 Dispatch: How Digital Twins Can Fortify Infrastructure Against Fierce Storms
By Chris Noon The United Nations calls climate change primarily a water crisis, bringing too much or too little water to the wrong places at the wrong time. Spain’s Valencia province is the latest example. Weeks after deadly flooding swept away bridges and buildings, tens of thousands of volunteers are still digging out their towns […]
Cambodia-ASEAN Trade Volume to Exceed USD 14 Billion in 2024
In 2024, the trade volume between Cambodia and ASEAN member countries surpasses USD 14.3 billion, marking a significant increase of 12.8% compared to the same period in 2023. This data comes from a recent report by the Ministry of Commerce. According to the report, Cambodia’s exports to ASEAN countries amounted to over USD 4.620 million, […]
Cambodia’s Steel Imports Surge by Nearly 70% in 2024
The construction sector in Cambodia is experiencing significant growth, as evidenced by the substantial increase in steel imports. In 2024, Cambodia imported over USD 631 million worth of steel, marking a remarkable 69.6 percent rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department […]