Investment and Funding
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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Cambodia Urges Private Sector to Invest in EV Charging Station Infrastructure
The Cambodian government has encouraged the private sector to invest in building charging station infrastructure for electric vehicles (EV) in Cambodia. Speaking at a panel discussion on “Electrification of Vehicles for a Green Future for Cambodia” on 4 November, HE Sun Chanthol, Minister of Public Works and Transport, said that the number of EVs will […]
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Cambodia Airport Investment Firm Issues US$15 million Guaranteed Bond
The Cambodia Airport Investment Co., Ltd (CIAC) has issued US$15 million in a guaranteed bonds for Prince Bank, with the funds to be used for the construction of the New Phnom Penh International Airport in Kandal province. The guaranteed bond is invested in by Prince Bank and guaranteed by the Oversea Cambodia Investment Corporation LTD […]
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France Provides US$23.3 million Loan to Cambodia to Upgrade Irrigation System
The French Agency for Development (AFD) has decided to provide over US$23.3 million in a loan and grant aid to Cambodia to rehabilitate and upgrade irrigation systems in Battambang and Banteay Meanchey provinces. First Secretary of the Embassy of the French Republic in Cambodia Mr Fabrice Έtienne, Director of the French Development Agency (AFD) Oph–lie […]
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Koh Tonsay Set to Become Luxurious Natural Tourist Destination
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. “Although […]
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