Cambodia Secures US$2 Million in Special Funds from Mekong-Lanchang Cooperation for 2024 Development Projects
Cambodia has been granted a US$2 million special fund from the 2024 Mekong-Lanchang Cooperation (MLC) to support the development of eight strategic projects, according to a press release issued by the Ministry of Foreign Affairs and International Cooperation on 3 September 2024. These projects span critical sectors such as tourism, demining, agriculture, rural development, public […]
Kratie Celebrates the Official Opening of its First US$140 Million Tyre Factory
Cambodia’s first-ever tyre factory, Newbustar (Cambodia) Tire Co., Ltd., with an investment of US$140 million, officially opened its doors in the UBE Snuol Special Economic Zone, Kratie province, as per the Cambodia Development Advisor’s press release on 6 September 2024. The factory, spanning a 40-hectare site, began operations in May 2023, marking a major milestone […]
ADB Allocates Over $93 Million to Enhance Rural Water Supply in Nine Cambodian Provinces
The Asian Development Bank (ADB) has approved a comprehensive funding package of $93.6 million in loans and grants to expand the rural water supply and sanitation (WASH) infrastructure across nine provinces in Cambodia, aiming to provide climate-resilient and safe water supply to rural communities. This significant development was announced on 02 September 2024. The initiative […]
Kampong Speu’s Rapid Industrial Growth: Over 423 Factories and 200k Jobs Created in 2024
Kampong Speu province is experiencing significant industrial expansion with a total of 423 factories now operational, including 30 newly established factories in the first half of 2024. These developments have generated over 200,000 jobs in the province, reflecting the area’s growing appeal to investors. This information was shared by HE Cheam Chansophoan, Governor of Kampong […]
Cambodian Gov’t Sets Ambitious USD 13bn Loan Ceiling Over Five Years
The Cambodian government has unveiled a comprehensive public debt management strategy for 2024-2028, setting a borrowing limit of up to US$13.5 billion over the next five years. This strategic plan outlines annual borrowing from financial institutions and foreign development partners, ranging between US$2.3 billion and US$2.7 billion. According to the new strategy, while the government […]
Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
The Chaosan Chinese Business Association has proposed the establishment of a new Special Economic Zone (SEZ) on a 32-hectare site in Bati district, Takeo province, with the primary objective of creating job opportunities for the local population. This initiative was discussed during a meeting between HE Vy Samnang, the Governor of Takeo Province, and Mr. […]