Investment and Funding
Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. […]
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Prince Bank Invests Additional US$35 million in New PP Airport Project Through Bond
Prince Bank has invested an additional US$35 million into the new Techo airport development project through CACI guaranteed bonds. This investment is the second in addition to the first US$15 million investment last year, making the firm hold a total of US$50 million in bonds for the new airport project. The agreement was signed on […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly […]
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
Medtecs International Corporation Limited (Medtecs) has invested US$3 million in the guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) contributing to the development of the Techo International Airport. The agreement was signed on 4 April between Medtecs’s founder and Chairman Mr Clement Yang and CAIC Director Mr Charles Vann, under the witness of […]
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Gov’t Approves Two New Investment Projects Worth Over US$10m in PP and K. Speu
The Council for the Development of Cambodia (CDC) has given permits to two private firms to invest in two projects worth US$10.4 million in Phnom Penh and Kampong Speu provinces. According to a CDC’s announcement on 31 March, Malaga Garment Factory Co. Ltd. will invest US$6.4 million to set up a garment factory in Prek […]
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Australia to Provide US$65million Grant Aid for Three Priority Sectors in Cambodia
Australia plans to provide US$65 million in grant aid to Cambodia for the development of three priority sectors for a five-year period from 2022 to 2027. According to a meeting between the Minister of Economy and Finance and the Australian Ambassador to Cambodia on 31 March 2022, this grant will support the development of sectors […]
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Over 200 Korean Investment Projects Worth US$5bn Registered in Cambodia as of February 2022
The Council for the Development of Cambodia (CDC) has registered 219 Korean investment projects worth a total of US$5 billion as of February 2022, a large part of which are construction and real estate projects. The figures were presented during a meeting between CDC Secretary-General HE Sok Chenda Sophea and South Korea’s Minister of Government […]
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S. Korea agrees to provide Cambodia US$1.2bn new loan package for priority projects
The government of South Korea has pledged to provide additional concessional credit packages through a new Framework Arrangement of about US$1.2 billion to Cambodia from 2022 to 2026. The new concessional loan package was announced at a meeting between Minister of Economy and Finance HE Aun Porn Moniroth and Korean Minister of Government Policy Coordination […]
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Transport Minister: Cambodia Needs US$50bn to Implement 10-Year Logistics Master Plan
Minister of Public Works and Transport HE Sun Chanthol has stated that Cambodia will need approximately US$50 billion for the implementation of the logistics master plan in kingdom over the next 10 years. HE Sun Chanthol unveiled the plan during the ground-breaking ceremony for the large-scale cold storage facility at the container terminal of the […]
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Ellis Walk: Access North Carolina with a Lennar Property
Advertorial Golden Gate Global works closely with Lennar to offer real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in the Lennar […]
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