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ខ្មែរ Investment and Funding
New Road Connecting NR4 to Bokor Mountain Set to be Built Soon
- 26 January 2022
A new 27-kilometre road connecting NR4 at km158 + 200 to Bokor Mountain is set to be built soon after two tycoons have agreed to cover the construction cost. The agreement was made during the meeting between Okhna Sok Kong, Okhna Mong Reththy, and Minister of Land Management, Urban Planning and Construction HE Chea Sophara on Tuesday 25 January. "Following the order from PM Samdech Hun Sen o...
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Chinese Firm Mull Setting Up Electric Car Assembly Plant in Koh Kong
- 25 January 2022
China Matrix Technology Group-Horche Intelligent Automobile plans to invest in setting up a factory to assemble electric vehicles in Koh Kong province, according to an online meeting between relevant parties on 22 October. The objective of the Chinese firm in this meeting was to study the feasibility, and understand the land and legal environment, human resources, and other related administrati...
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MPWT to Build EV Charging Stations on PP-SHV Expressway & 15 Others Nationwide
- 25 January 2022
The Ministry of Public Works and Transport (MPWT) plans to establish at least 15 electric vehicle charging stations on the PP-SHV expressway and other potential spots nationwide to boost the usage of EVs in Cambodia. This project was discussed in a meeting between MPWT Minister HE Sun Chanthol and delegation of the Cambodian Automobile Industry Federation led by its president Tan Monivann on 24...
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Gov’t Requests Samsung C & T to Build Expressways & Mass Transit System in Cambodia
- 25 January 2022
Samsung C & T Corporation has expressed interest in investment in transport infrastructure in Cambodia to contribute to the development of this sector. The remarks were made by the delegation of Samsung C & T Corporation led by Mr Han Jung Suk in an online meeting with HE Leng Thun Yuthea, Secretary of State of the Ministry of Public Works and Transport, on Monday 24 January. HE Leng...
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Wing Bank Buys US$2 million in CAIC Bonds, Funding New Airport Development
- 20 January 2022
Wing Bank (Cambodia) Plc has invested US$2 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport. The agreement was signed on Thursday between CAIC director Mr Charles Vann and Wing Bank CEO Mr Han Peng Kwang and witnessed by OCIC Chairman Neak Okhna Dr Pung Kheav Se and Royal Group Chairman Oknha Kith Meng....
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Ten Investment Projects Worth US$1.8 billion Approved for PP & Seven Other Provinces
- 18 January 2022
The Council for the Development of Cambodia (CDC) has given permits to ten private firms to invest a total of US$1.89 billion setting up garment & production factories, power plants, hydropower dam, and a logistics centre in various provinces across the kingdom. According to the CDC announcement on Monday 17 January, the firms include: 1. INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD establish...
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Pursat’s Krakor District to Host Kingdom’s Largest Solar Farm Cluster & Emerging SEZ
- 17 January 2022
A private company firm will invest in building an additional 150MW solar power plant on top of the existing 90MW plant in Sna Ansa commune, Krakor district, Pursat province. The expansion project will make Krakor district host a cluster of solar plants with over 240MW power, the largest in the Kingdom. Director-General of Electricite du Cambodge (EDC) HE Keo Rattanak unveiled the plan during th...
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Expert: Industrial & Logistics Sectors Most Attractive Market for 2022 Despite Uncertainty
- 14 January 2022
CBRE Cambodia Managing Director James Hodge said that the industrial and logistics sectors will be the most attractive market in 2022 although other real estate sub-sectors and the overall market remain under pressure and uncertainty. Mr Hodge added that due to external factors caused by the pandemic, even though Cambodia has already reopened the country, the return of foreign investors remains...
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4,303 Construction Projects Worth US$5.3bn Approved in 2021, 31% Drop Y-o-Y
- 12 January 2022
The Ministry of Land Management, Urban Planning and Construction approved 4,303 construction projects worth US$5.33 billion in 2021, a drop of 31.21% compared to 2020. The ministry stated that the approved construction projects covered a total area of 12.99 million sqm. Among the approved projects, 388 construction permits (10.4 million sqm) worth US$4.2 billion were approved by the ministry...
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ACLEDA Bank Invests US$30 million in CAIC Bond, Funding New Phnom Penh Airport Development
- 10 January 2022
ACLEDA Bank Plc has invested US$30 million in a guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) to contribute to developing the Techo International Airport. The agreement was signed on Monday 10 January by CAIC Director Charles Vann and ACLEDA Bank Plc President In Channy, witnessed by OCIC Chairman Neak Oknha Dr Pung Kheav Se. The coupon rate of CAIC bonds is 5.5% per annum...
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