Investment and Funding
Cambodia Hosts Seminar Disseminating New Investment Law for 300 Chinese Investors
The Council for the Development of Cambodia (CDC) yesterday held a seminar to disseminate the new investment law for over 300 Chinese investors and businessmen via an online platform, aiming to attract more investment. During the seminar, CDC also unveiled that as of October 2021, Chinese investment in Cambodia has reached US$27 billion with the […]
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New Investment Law Indirectly Provides Tax Incentives for Construction Sector
Cambodia has recently officially endorsed the new investment law, which provides a wide range of favourable conditions, tax exemption, and non-tax incentives for qualified investment projects (IQP). What is IQP? Are construction companies/projects eligible for incentives? QIP refers to an investment project that has received a registration certificate from the Council for the Development of […]
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Law on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public services at […]
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World Bank, Rural Development Ministry Join Hands Building 250km of Roads in Six Provinces
The Ministry of Rural Development and the Ministry of Economy and Finance have cooperated with the World Bank in building over 250 km of DBST and concrete roads along with other related infrastructure structures in six major provinces. According to a meeting between the Cambodian government and the World Bank representative on Tuesday 23 November, […]
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PM Hun Sen Urges G7 Countries to Invest in Cambodia’s Infrastructure Through its B3W
Prime Minister Samdech Hun Sen has strongly welcomed and urged the G7 countries to invest in building more infrastructure in Cambodia, especially through its newly-announced Build Back Better World (B3W) initiative. PM Hun Sen made this remark during the inauguration of the Cambodia-China Friendship Bridge Stung Trang-Krouch Chhmar and the groundbreaking ceremony of NR71C on […]
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HLH Group Successfully Sells US$12-million Hotel in Sihanoukville
Hong Lai Huat (HLH) Group’s subsidiary PH One Development has successfully sold its US$12-million D’Seaview hotel project in Sihanoukville. The sale was completed on 17 November with ownership titles already transferred, according to HLH Cambodia Public Relation Manager Kuoch Lengkheang. HLH Group announced the sale of its 98-key hotel in its D’Seaview project in Sihanoukville […]
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S. Korea to Provide US$8million to Build Lab & Upgrade Cambodia’s Agricultural Infrastructure
The Government of Korea, through the Korea International Cooperation Agency (KOICA), will provide US$8 million to build a national laboratory for animal & livestock products control and to enhance Cambodia’s agricultural infrastructure and human resource capacity. The assistance was agreed during a meeting between Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon and Executive […]
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Total of 146 QIP Japanese Investment Projects Worth Over US$2.8 billion Registered
As of October 2021, the Council of the Development of Cambodia (CDC) has approved 146 Japanese qualified investment projects (QIP) with a total investment value of US$2,853 million. The figures were shared in a workshop on dissemination of the newly-endorsed investment law held on 11 November organised by the CDC with the aim of attracting […]
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CDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE […]
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Gov’t Grants Over 8600ha in Botum Sakor National Park to Royal Group for SEZ Development
The government has decided to grant 8,631 hectares of land in Botum Sakor District of Koh Kong Province to Okhna Kith Meng’s Royal Group Co., Ltd. for the establishment and development of a special economic zone. According to the sub-decree dated 15 September, the land has been reclassified from the Botum Sakor National Park, which […]
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