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ខ្មែរ Investment and Funding
PPAP: Construction of Seven River-Based Ports to Cost Approx. US$70 million
- 29 April 2022
The construction cost of the planned seven river-based ports is estimated at over US$70 million in total, or at least around US$10 million, as it varies depending on the condition and location of each port. HE Hey Bavy, Director General of the Phnom Penh Autonomous Port (PPAP), said on 25 April that four of the planned seven ports are already under construction. He confirmed that the constru...
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Government, JICA Agree on Loan for SHV Port Expansion Phase 2 & 3
- 28 April 2022
Sihanoukville Autonomous Port, the Ministry of Economy and Finance and JICA have agreed on the loan package for the second and third phases of the Sihanoukville port expansion projects. The loan agreement from JICA to Sihanoukville Autonomous Port comes after JICA provided a US$203 million loan for the first phase of a container terminal expansion project, which is scheduled for completion in 2...
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PM Hun Sen Urges China to Invest More in Cambodia, Emphasising Five Key Reasons
- 26 April 2022
Prime Minister Hun Sen has urged Chinese firms to invest more in Cambodia especially in the prioritised sectors, emphasising five main reasons why Cambodia is a strong potential investment destination. This statement was made during a meeting between PM Hun Sen and three major Chinese companies led by Prince Group President Neak Oknha Chen Zhi on 25 April. The objective of this meeting was t...
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Cambodia Needs US$17 Billion for General Industrial Development Until 2024
- 22 April 2022
The Cambodian government needs some US$17.5 billion to invest in the “general industrial sector” for 2022-2024, according to a report on the Three Year Rolling Public Investment Program 2022-2024 from the Ministry of Planning. Broken down by years, the general industrial sector will demand US$5.3 billion in capital investment in 2022, US$5.9 billion in 2023, and US$6.2 billion in 2024. The r...
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Non-SEZ Investment Value at US2-billion in First two months of 2022, Over 230% Rise Y-o-Y
- 19 April 2022
The number of investment projects based outside special economic zones (SEZ) that were registered with the Council for the Development of Cambodia (CDC) in the first two months of 2022 was recorded at 35 projects with a total investment of value of approximately US$2 billion. According to a recent Ministry of Economy and Finance report, the project numbers increased by 14 projects compared to t...
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Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
- 19 April 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. Meanwhile, the investment value also dropped by 88.9%. ...
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Prince Bank Invests Additional US$35 million in New PP Airport Project Through Bond
- 7 April 2022
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 7 April by CAIC Director Charles Vann and Prince Bank CEO Ho...
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
- 6 April 2022
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 in 2023 thanks to SEA Games and the National Election. The industrial ma...
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Medtecs invests US$3 million in new PP airport development through guaranteed bond
- 4 April 2022
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 OCIC Chairman Neak Okhna Pung Kh...
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Gov’t Approves Two New Investment Projects Worth Over US$10m in PP and K. Speu
- 2 April 2022
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 Kampus village, Sangkat Prek, Khan Dangkor, Phnom Penh. Meanwhile, Young ...
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