Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023

In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan agreements cons...

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Cambodia’s Investment Surge: Attracts US$4bn in 6 Months, Generating Over 170,000 Jobs

In a significant example of economic growth, Cambodia has seen a surge in investment, welcoming a staggering US$4.15 billion in investment expansion and new projects over the span of six months, from September 2023 to February 2024. This influx of capital has not only bolstered the nation's economic landscape but has also paved the way for the creation of more than 170,000 job opportunities. PM...

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Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years

Global real estate network IQI has forged a Memorandum of Understanding (MoU) to establish an advanced technology manufacturing park in Cambodia. The initial phase of the high-tech park, known as the Cambodia Malaysia China High-Tech Park, boasts a gross development value of US$300 million and spans an area of up to 100 hectares, with potential expansion to 2,000 hectares, according to Edgeprop da...

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Enserv Holding Australia Explores Investment in Transformative Sorghum Processing for Biogas & High-Protein Rice in Cambodia

Enserv Holding Australia has conveyed its keen interest in investing in sorghum processing in Cambodia in a meeting with Prime Minister Hun Manet and Mr. Tanachat Pochana, the company's President,  during the ASEAN-Australia Special Summit in Melbourne on 4 March 2024. The company envisions leveraging sorghum to produce low-calorie, high-protein rice, with an added focus on generating biogas. T...

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China Extends Generous US$7.2m Grant for Council of Ministers’ Friendship Building Renovation

In a significant gesture of enduring friendship and collaboration, China has bestowed Cambodia with a substantial grant of 53.2 million yuan (US$7.3 million) earmarked for the renovation of the Friendship Building within the Council of Ministers, according to the official Facebook page of the Office of the Council of Ministers on 5 March 2024. The official signing ceremony for this transformati...

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Cambodia Aims for Ambitious Infrastructure Development with a US$40bn Investment Plan

The Cambodian government is embarking on an ambitious journey to secure approximately US$40 billion in funding for the execution of 174 prioritized infrastructure projects over the next decade. Deputy Prime Minister Sun Chanthol, who also serves as the First Chairman of the Council for the Development of Cambodia (CDC), shared this strategic vision during a meeting held on 20 February to assess th...

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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024

In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute's report, released on 1 February 2024, highlighted the robust revenue growth, underlining the end...

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Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month

The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia's economic landscape. The CDC, in a press release on 1 February 2024, detailed the stando...

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Tbong Khmum Governor Courts Malaysian for High-Stakes Renewable Energy Venture

HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with the prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on January 15, 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centered around renewable energy and poverty reduction within Tbo...

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KOICA’s Propels Cambodia’s Socio-Economic Development with US$366.5m Investment

KOICA has played a pivotal role in Cambodia's socio-economic advancement, channelling a substantial investment of over US$366.5 million. This extensive support, spanning from 1991 to 2023, underscores the unwavering commitment of KOICA to fostering progress in Cambodia. The profound impact of KOICA's Official Development Assistance (ODA) is evident across key sectors, with a strategic focus on ...

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