Over 20 Years South Korea Provides Over USD 2 Billion in Loans Boosting Cambodia’s Infrastructure Development

South Korea has provided over USD 2 billion in loans to Cambodia over the past two decades, significantly advancing key sectors such as transportation, healthcare, irrigation, and water supply. The funding, channeled through the Economic Development Cooperation Fund (EDCF), has played a pivotal role in Cambodia’s economic growth and infrastructure modernization. This milestone underscores South Ko...

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Sixteen U.S. Investment Firms Explore Cambodia’s Technology, Agro-Industry & Education Sectors

In a major boost to Cambodia’s economic landscape, 16 leading U.S. investment companies visited Cambodia from 9 to 13 December 2024 to explore investment opportunities in technology, agro-industry, and education—sectors poised for significant growth. The delegation’s visit, marked by high-level meetings with government officials and business leaders, highlights Cambodia’s rising profile as an attr...

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Cambodia Issued New Wastewater Law Outlining Strategic Plan for Wastewater System Development to Ensure Sustainability

The Cambodian government has identified five priority areas to advance the planning and development of wastewater systems, a key initiative aimed at boosting public welfare and ensuring environmental sustainability. The announcement follows the enactment of the Law on Wastewater System on 22 November 2024, a comprehensive legal framework comprising 16 chapters and 113 articles. The priority are...

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Bentley Systems Announces Generative AI Game-Changer for Civil Site Design

Company unveils first-to-market AI-powered civil engineering application that delivers optimized, accurate site designs up to 10 times faster than traditional methods VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced new generative AI capabilities for civil site design, includi...

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Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction

In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The ground-breaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic P...

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Kampot Province Celebrates Major Land Registration Achievement of Over 260,000 Plots

In a significant milestone for land ownership security, Kampot provincial authorities have successfully registered 268,272 plots of land and issued 110,611 land certificates to residents over the past three years. This initiative reflects the government’s dedication to enhancing property rights and fostering sustainable development within the province. At a recent ceremony in Antong Bek and Bor...

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ADB Approves USD 173 Million to Strengthen Climate-Resilient Irrigation in Cambodia

The Asian Development Bank (ADB) has approved a USD 173 million funding package to boost climate-resilient irrigation systems across Cambodia, with the aim of modernizing infrastructure and enhancing sustainable water resource management. This significant announcement was made in a press release on 9 December 2024, underscoring Cambodia’s ongoing commitment to tackling climate change challenges...

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Over 200,000 Land Parcels Surveyed Across Three Provinces in Six Months

In a major push for systematic land registration, Cambodia successfully surveyed 207,500 land parcels across Kampong Chhnang, Preah Vihear, and Oddar Meanchey provinces between June and November 2024. This milestone was presented during a 4 December 2024 review meeting led by the Ministry of Land Management, Urban Planning, and Construction. According to Mr. Chhoeun Bunnaroth, Secretary of Stat...

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Angkor Wat Ticket Sales Surge Nearly 29% to USD 41.9 Million in 2024

Cambodia’s Angkor Archaeological Park has recorded a significant revenue of USD 41,908,833 from ticket sales in the first eleven months of 2024, marking a significant 29% increase compared to the same period in 2023. The announcement was detailed in a report released by the Angkor Foundation on 1 December 2024. The report revealed that 898,339 foreign tourists visited the UNESCO World Heritage ...

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Thailand Secures USD 500 Million Data Centre Investment, Ready to Compete with Indonesia & other Asian Powerhouses

Thailand has solidified its position as a rising data center hub with a landmark real estate transaction facilitated by JLL Thailand. The deal secures prime land on Bangna-Trat Road for one of the world’s largest digital infrastructure companies, paving the way for a USD 500 million investment, according to RetalkAsia dated 23 November 2024. This project underscores Thailand’s readiness to serv...

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Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility

The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions by 4.3 million tons a...

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Cambodia Unveils 10-Year Plan, Prioritising Transport & Logistics Sector Development

Cambodia has identified the transport and logistics sector as its top priority in a new 10-year development plan for 2025–2035 to modernize infrastructure and foster economic growth. The Royal Government of Cambodia confirmed this decision on 3 December 2024 as part of a comprehensive strategy to strengthen public-private partnerships and enhance key infrastructure such as roads, bridges, ports, a...

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