This year, Cambodia received a special fund of US$ 2M from MLC to develop 08 projects
Cambodia will receive $ 2 million in financing from the 2024 Mekong-Lanchang Cooperation Project to develop eight projects. This is according to the press release of the Ministry of Foreign Affairs and International Cooperation dated September 3, 2024. The amount of this special fund for 8 projects covers tourism, demining, agriculture, rural development, raising awareness […]
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 […]
Hong Kong’s Fung Group Eyes Expansion in Cambodia’s Textile Industry, Exploring New Investment in SEZs
Fung Group, a prominent Hong Kong-based conglomerate, has expressed interest in expanding its investments into Cambodia’s textile and garment sectors, particularly within the country’s Special Economic Zones (SEZs). This intent was shared during a working meeting between HE Sun Chanthol, First Deputy Prime Minister and Vice President of the Council for the Development of Cambodia […]
Kampong Speu Leads Cambodia with 95 New Investment Projects in Just One Year
From September 2023 to August 2024, Kampong Speu Province emerged as a top destination for investment in Cambodia, attracting 95 new projects out of a total of 391 approved by the Council for the Development of Cambodia (CDC). This influx of investments highlights Kampong Speu’s rising prominence as an industrial and economic hub, as reported […]
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 […]
Techo Takhmao International Airport Nears Completion with 82% of Construction Finalised
The ambitious construction project of Techo Takhmao International Airport, a Class 4F facility with an initial investment of USD 1.5 billion, is now 82% complete, according to AMS Central media on 27 August 2024. His Excellency Mao Havnall, Spokesman of Civil Aviation, confirmed that the remaining construction work, less than 20%, is on track to […]