In July, Cambodia approved 44 new investments worth $ 396 million
In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totaling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia’s growing attractiveness for investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and […]
Cambodia’s Four Provinces in the Development Triangle Secures US$ 3.7 Billion in 105 Investment Projects
Cambodia’s four provinces within the Development Triangle (CLV) have attracted 105 investment projects worth US$ 3.7 billion, creating over 160,000 jobs. This announcement was made by Dr Ky Sereyvath, an economist from the Royal Academy of Cambodia, during a presentation on 2 August 2024. The Development Triangle, comprising the provinces of Kratie, Stung Treng, Mondulkiri, […]
The Gov’t Backs 24 Stalled Projects in SHV with $129 Million Investment
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, […]
Cambodia Launches Groundbreaking for the $1.7 Billion Funan Techo Canal Project
The construction of Cambodia’s monumental $1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country’s economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a […]
Global Supply Chain Shift from China, While Thailand Emerges as Key Player
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones […]
Korea Commits US$10 Million to Transform 30 Villages in Northwestern Cambodia
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over a five-year period from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to […]