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ខ្មែរ Investment and Funding
Total of 146 QIP Japanese Investment Projects Worth Over US$2.8 billion Registered
- 13 November 2021
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 more Japanese investors. Of the approved investment ...
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CDC Approves 14 Investment Projects Worth Over US$544 million
- 12 November 2021
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 (CAMBODIA) CO., LTD, which will invest ...
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Gov’t Grants Over 8600ha in Botum Sakor National Park to Royal Group for SEZ Development
- 8 November 2021
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 is located in Ta Nuon commune in Botum Sakor district. The K...
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Cambodia Urges Private Sector to Invest in EV Charging Station Infrastructure
- 4 November 2021
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 increase gradually in Cambodia in the comin...
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Cambodia Airport Investment Firm Issues US$15 million Guaranteed Bond
- 4 November 2021
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 (OCIC), which is the parent company of CAIC. The agreem...
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France Provides US$23.3 million Loan to Cambodia to Upgrade Irrigation System
- 4 November 2021
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 Bourhis, and Minister of Economy and Finan...
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Koh Tonsay Set to Become Luxurious Natural Tourist Destination
- 3 November 2021
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 we put efforts to conserve existing natural resou...
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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
- 2 November 2021
HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and distribution centre that includes a seafood marke...
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King Officially Endorses New Investment Law
- 21 October 2021
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and 42 articles, aiming to attract and enhance the inve...
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Transport Minister Urges US Firms to Engage More in Infrastructure Development
- 20 October 2021
The Minister of Public Works and Transport HE Sun Chanthol has placed high hopes on the US private sector gradually becoming further involved in the Kingdom’s infrastructure development, by urging US firms to consider bidding for more public projects in Cambodia. HE Sun Chanthol made the remarks in an online meeting on 20 October with the delegation from the ASEAN-US Business Council (US-ABC). ...
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