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ខ្មែរ Cooperation and networking
Evercore Focuses on Clean Energy Investment in Cambodia
- 10 January 2025
The Global investment banking firm Evercore is interested in investing in Cambodia's clean energy sector. During a meeting on 8 January 2025 between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country's emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore's operations and its intention to promote coope...
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ADATA Technology Eyes Electric Car Factory Investment in Cambodia
- 9 January 2025
In a significant development for Cambodia's green industry, well-known Taiwanese tech company ADATA Technology Co., Ltd. is exploring opportunities to invest in an electric vehicle manufacturing plant in the country. During a meeting held on 2 January 2024, HE Dr Eang Sophalleth, the Minister of Environment, welcomed Mr. Simon Chen, CEO of ADATA Technology. The company showcased its commitment ...
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Kampot Tourism Port, in Collaboration with Virak Buntham, Launches High-Speed Boat Service in Cambodia
- 7 January 2025
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat services to neighboring countries. This partnership was formalized during a signing ceremony held on 6 January 2025. According to Virak Buntham, the collaboration aims to attract 500,000 national and international tourists in 2025 and...
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US Tech Giants Eye Cambodia’s Renewable Energy Potential
- 1 January 2025
In an exciting development for Cambodia’s energy landscape, Ripple Inc., a prominent US fintech firm, is looking to forge a partnership in renewable energy. The company, known for its innovative financial solutions, has expressed a keen interest in establishing solar panel production in Cambodia, aiming to cater to the growing demand for clean energy in the United States. This significant annou...
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Japan Grants USD 7.2 Million to Cambodia for Social & Economic Development
- 31 December 2024
The Japanese government has extended a grant of 1,002 million yen, equivalent to USD 7.2 million, to support a range of social and economic development initiatives. The funding was formalized through the signing of the Exchange of Letters and related documents by HE Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, and HE Ueno Atsushi, Ambassador Extr...
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Japanese Ship to Make Historic First Docking at Cambodia’s New Ream Port
- 30 December 2024
Samdech Techo Hun Sen, President of the Senate of Cambodia, confirmed that a Japanese ship will be the first vessel to dock at the newly inaugurated Ream Port. This historic event underscores the growing cooperation between Cambodia and Japan, particularly in security and infrastructure development. The commitment was made during a meeting with HE Akiba Takeo, Japan's National Security Adviser, on...
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Cambodia Expands Diplomatic Horizons with New Embassies in Timor-Leste & Songkhla, Thailand
- 27 December 2024
Cambodia has announced a major diplomatic expansion with the establishment of an embassy in Timor-Leste and a consulate general in Songkhla, Thailand, as formalized under Sub-Decree No. 240 and No. 241 issued on 22 October 2024, marking a strategic step in extending Cambodia’s international relations. The Embassy of the Kingdom of Cambodia in the Democratic Republic of Timor-Leste will be based...
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ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
- 25 December 2024
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms. Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s new Partnership Strat...
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Chinese Investors Commit USD 2 Billion to Transform Kampong Speu Province
- 24 December 2024
Chinese investors have pledged a transformative USD 2 billion investment into Kampong Speu Province, aiming to invigorate its economy, expand manufacturing capacity, and create approximately 30,000 job opportunities. This landmark announcement was made by HE Cheam Chansophoan, Governor of Kampong Speu, during a high-profile visit to Hong Kong on 21 December 2024. This significant financial comm...
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IFC to Invest Over USD 37 Billion in Cambodia’s Infrastructure & Logistics by 2033
- 21 December 2024
The International Finance Corporation (IFC) has announced its readiness to explore investments exceeding USD 37 billion in Cambodia's infrastructure and logistics sectors. This ambitious initiative was unveiled during a recent high-level meeting between HE Sun Chanthol, Cambodia’s Deputy PM and First Vice President of the CDC, and Mr. Riccardo Puliti, Vice President of the IFC and leader in the Wo...
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