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Siem Reap Angkor International Airport Welcomes 1.3 Million Passengers, Targets 2 Million in 2025
Siem Reap Angkor International Airport has welcomed over 1.3 million passengers in the first 11 months of 2024, with projections set to reach 1.4 million by the end of the year, marking a promising recovery in Cambodia’s tourism and aviation sectors. This milestone was shared by Lu Wei, Chairman of the Board of Directors of Siem Reap Angkor International Airport, during a meeting with HE Hem Va...
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Vietnam Surpasses China as Cambodia’s Top Foreign Investment Rankings with Over USD 557 Million
Vietnam has emerged as Cambodia's top foreign investor, accounting for 51.08% of total investment capital as of November 2024, surpassing China’s 24.26% share. Cambodian investors contributed 14.49%, marking a significant shift in the nation’s investment landscape. The figures were revealed in a recent Council for the Development of Cambodia (CDC) report on 1 November 2024, highlighting 43 new ...
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Hong Leong Manufacturing Group Plans Major Investment Expansion in Cambodia
Hong Leong Manufacturing Group (HLMG), a prominent multinational conglomerate, has announced plans to expand its investment footprint in Cambodia, targeting key sectors including real estate, automotive parts, and manufacturing. The announcement came following a meeting between Datuk Kwek Leng San, Chairman of HLMG, and Samdech Hun Manet, PM of Cambodia. During the discussion, Datuk Kwek highli...
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Vietnamese Investors Inject Over USD 557 Million into Cambodia in 11 Months of 2024
Vietnamese investors have poured an impressive USD 557 million into Cambodia during the first 11 months of 2024, positioning Vietnam as the third-largest source of foreign investment in the country. This milestone was announced by HE Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), during the inauguration ceremony of TNTVN ...
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Borey Peng Huoth Unveils Exciting Year-End Promotions with Unmatched Rewards
As 2024 draws to a close, Borey Peng Huoth is celebrating in style with an extraordinary Year-End Celebration Promotion, offering exclusive rewards and opportunities for homebuyers and investors. The limited-time campaign provides customers with unique incentives, ranging from modern homes to luxury vacations, designed to end your year with success and satisfaction. What’s in store for you? Let...
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Hong Leong Manufacturing Group Explores Opportunity to Invest in Motorcycle Factory in Cambodia
Malaysia’s Hong Leong Manufacturing Group is exploring establishing a motorcycle factory in Cambodia, signaling a major boost for the kingdom’s manufacturing sector. The announcement came after a productive meeting between Okhna Tan Khee Meng, President of the Malaysian Chamber of Commerce in Cambodia, and HE Chea Vuthy, Secretary General of the Council for the Development of Cambodia (CDC), on 29...
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Building Bridges for Investment: Henan Delegation Explores Opportunities in Cambodia’s Construction Sector
The Cambodia Constructors Association (CCA) welcomed a high-level delegation from the Henan and Design Industry Association on 28 November 2024, at Canadia Tower in Phnom Penh. This strategic meeting underscored Cambodia’s growing appeal as a foreign investment hub, focusing on collaboration in the construction and infrastructure sectors. Acting on behalf of Lok Neak Oknha Pung Kheav Se, Lok Ok...
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Phnom Penh’s Flood Relief System Project Reaches 30% Completion Milestone
The ambitious flood relief system in Phnom Penh has reached 30% completion, marking significant progress in a large-scale infrastructure project designed to address flooding challenges in the city. This milestone was confirmed during an inspection led by Mr. Peng Purnea, Minister of Public Works and Transport, on 29 November 2024. The project involves two key sites: the first segment spans 5,65...
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NR 41 Restoration Project Achieves 97% Completion with Over USD 67 Million Investment
The extensive restoration and upgrade of NR 41, spanning 95 kilometres, has reached 97.01% completion as of November 2024. This transformative infrastructure project, valued at over USD 67 million, is funded through a concessional loan from the Chinese government and aims to enhance regional connectivity and economic growth. The update was confirmed during an inspection led by HE Suy San, Secre...
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Don’t Miss the Cambodia Construction Expo 2024 to Showcase Over 2,000 Products and Services on 5-7 December
The Cambodia Construction Expo 2024, the nation’s most anticipated event for the construction industry, kicks off tomorrow, 5-7 December 2024, at Koh Pich Exhibition Centre. Organized by the Cambodia Constructors Association (CCA), the three-day event will feature participation from hundreds of domestic and international companies, showcasing over 2,000 products and more than 50 services, makin...
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Cambodia Extends Incentives to USD 40 Million Steel Manufacturing Project in Sihanoukville
The Cambodian government has granted special incentives to Huale Steel (Cambodia) Co., Ltd., a steel manufacturing company in Sihanoukville, with an investment capital of USD 40 million. This decision was finalized during a meeting led by HE Dr. Hean Sahib, Chairman of the Investment Promotion Working Group for Sihanoukville Province, on 25 November 2024. The company, which received its registr...
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Chinese Firm to Invest in Cambodia’s Growing Flower Industry
A significant development in Cambodia’s agricultural sector is underway as a leading company from Yunnan province, China, has announced plans to invest in flower cultivation and supply within the country. This initiative follows discussions held on 27 November 2024 between Mr. Suon Sophal, Deputy Secretary-General of the Cambodian Investment Committee, and a Chinese delegation led by Mr. Li Son...
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