Investment and Funding
WANLI TIRE, A Giant company from Guangzhou China, Explores Lucrative Investment Prospects in Cambodian Tire Production
In a significant move that could boost Cambodia’s manufacturing market, WANLI TIRE CORPORATION LIMITED, a prominent tire manufacturer based in Guangzhou and Hebei, People’s Republic of China, has expressed keen interest in investing in tire production within Cambodia. During a meeting held on May 30, 2023, HE Chea Vuthy, Deputy Secretary General of the Cambodian […]
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Cambodia and UK Forge Strategic Alliance to Elevate Bilateral Trade, Aiming for US$1 Billion Milestone by 2022
In a resounding display of mutual commitment, the Ministry of Commerce of Cambodia and the Ministry of Commerce of the United Kingdom have recently inked a momentous Memorandum of Understanding (MoU). This agreement paves the way for the establishment of a joint trade and investment forum, aimed at expanding bilateral trade between the two nations. […]
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Japan Extends $52.6 Million Loan to Upgrade and Enhance NR5 (Prek Kdam-Thla Mam) Infrastructure
In a significant show of international cooperation, the Japanese Government has granted a substantial loan of 7,205 million yen (equivalent to approximately $52.6 million) to support the implementation of the transformative “NR No. 5 Rehabilitate and Upgrade Project on the Prek Kdam-Thla Mam Road Phase 4.” This agreement was solidified through the exchange of letters […]
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Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment
The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia’s growing appeal as a coveted investment destination. Leading the […]
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Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023
Angkor Wat, the crown jewel of Cambodia’s cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed […]
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World Bank Commits $60 Million to Enhance Solid Waste and Plastics Management in Cambodia
The World Bank Board of Executive Directors has granted approval for a significant $60 million credit from the International Development Association to support Cambodia in improving its solid waste and plastic management systems. This vital project will also receive co-financing of $3 million from the PROBLUE Trust Fund. In an official press release issued on […]
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TRCS Co-Financing Supports 346 Tourism Businesses with $53.46 Million
A total of 346 tourism businesses have received $53.46 million in financing as part of the Tourism Restoration and Growth Sector (TRCS) co-financing project, as of 30th April 2023, according to the Small and Medium Enterprise Bank of Cambodia (SME Bank of Cambodia) on 5th May 2023, The funding disbursed accounts for US$ 53.46 million, […]
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JICA funds US$167 M to Advance Rural Connectivity with Over 500km Road Improvement Project
The Government of Japan, through the Japan International Cooperation Agency (JICA), is poised to inject US$167 million into funding projects aimed at enhancing the quality of over 500 kilometers of rural roads across four targeted provinces in northwestern Cambodia. The plans were unveiled by HE Ouk Rabun, Minister of Rural Development, and Mr. Sanui Kazumasa, […]
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ADB Continues Support for Cambodia’s Development with US$4.6 Billion Investment
The Asian Development Bank (ADB) has been a strong partner in Cambodia’s development journey, with a total investment of US$4.6 billion for 331 public sector projects in the form of loans, grants, and technical assistance. This was revealed in the ADB Member Fact Sheet 2022, which was released in April 2023. In 2022, ADB has […]
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Korean Auto Parts Manufacturer YURA Harness Plans to Establish a Research and Development Center in Cambodia
Korean auto parts manufacturer YURA Harness (Cambodia) Co., Ltd. is set to establish a research and development center in Cambodia, following the successful inauguration of its wiring assembly plant in Kampong Speu province. This development was announced during a meeting between the delegation of YURA Harness (Cambodia) Co., Ltd. and the Minister of Industry, Science, […]
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