Economy and Finance
Chinese investors asked to invest in affordable housing project
Phnom Penh Municipality has asked a group of Chinese investors to invest in the real estate sector, building affordable housing for sales to civil servants and people who have low incomes. In a meeting on Tuesday 03 September, H.E Khuong Sreng, governor of Phnom Penh Municipality told the China-based World Hakka Business Association led by […]
Read More
Cambodia received over US$500 million financing aid from Japan in the past three years
According to the Ministry of Economy and Finance, Cambodia has received a total of US$550 million in Official Development Assistance (ODA) from Japan over the past three years, most of which has been spent on infrastructure development. This statistic was announced during the farewell meeting for the Japanese ambassador to Cambodia H.E. Hidehisa Horinouchi with […]
Read More
Preah Sihanoukville set to become sustainable national development hub
Based on the 2030 vision of Urban Planning, the Cambodian government has set Preah Sihanoukville province as a sustainable national development hub in the country’s coastal area, as province booms with investment and tourists. The urban planning report states that Preah Sihanoukville province will be a hub of a modern city, a world’s beautiful beach […]
Read More
Ministry of Planning proposes US$14.4 billion budget for public investment
The Ministry of Planning is proposing a US$14.4 billion budget for public investment projects which is set to get approval from the cabinet in an upcoming meeting. The proposed plan would mean that Cambodia needs about US$14.4 billion for 608 public investment projects in various sectors for a period of three years 2020-2023. Speaking with […]
Read More
Over 16,000 km of roads rebuilt by 2018 says Transport Minister
By the end of 2018, a total of more than 16,000 kilometres of national and provincial roads have been restored and rebuilt, according to the Minister of Public Works and Transport. H.E. Sun Chanthol provided the statistics while reading the achievement report to Deputy Prime Minister Samdech Sar Kheng at the inauguration ceremony of five […]
Read More
Canadian firm receives approval for Cambodian oil and gas concession
Canadian oil exploration firm Angkor, through its subsidiary EnerCam Resources Co. Ltd, has recently gained approval from the Government of Cambodia on its request for a 7,300 km2 oil and gas concession in the Kampong-Som Basin. According to the firm’s announcement on 13 August, the approval will allow Angkor to perform oil and gas exploration […]
Read More
Plan floated to establishing Sihanoukville as logistics centre
The Cambodian government plans to turn Sihanoukville town into one of the major logistics centres in the country, since Sihanoukville is a major centre for the transport of goods and products through its deep-sea port. The development of Sihanoukville town as a logistics centre is aimed at ensuring sustainable economic, social and environmental development and […]
Read More
CDC approves two construction projects worth US$166 million in Phnom Penh and Kampot
The Council for the Development of Cambodia (CDC) on 07 August approved a total of US$165 million in investment in a hotel and a construction materials factory in Phnom Penh and Kampot. According to the announcement, the hotel project is proposed by Royal Field Development Company Co., Ltd, a subsidiary of Chip Mong Group. This […]
Read More
Special economic zone for Mondulkiri province studied
The Cambodian government has been studying the establishment of a special economic zone (SEZ) in the north-eastern area of Cambodia to diversify the economy. The establishment of this SEZ is in line with the economic and social development goals of the northeast area. H.E. Vongsey Visoth, Secretary of State at the Ministry of Economy and […]
Read More
Government Gives Green Light to Another New SEZ in Sihanoukville
The Cambodian government has recently approved the construction of another special economic zone project on more than 55 hectares of land in Sihanoukville, to help boost the kingdom’s economic growth. This approval comes as a result of the second inter-ministerial meeting regarding the Environmental and Social Impact Assessment (ESIA) discussion on this project on 01 […]
Read More