Investment and Funding
Kampong Speu Governor Vows to Promote Two Core Sectors to Attract More Investors
Kampong Speu Provincial Governor HE Vei Samnang has vowed to promote industry and tourism within the province even more, as both sectors have been playing very crucial roles in attracting investors. HE Samnang said on 1 March 1 that Kampong Speu is located between Phnom Penh and Sihanoukville, and surrounded major National Roads such as […]
Read More
Kampong Chhnang-Kampong Thom Bridge Second Priority to Kratie-Kompong Thom Bridge
The Ministry of Public Works and Transport (MPWT)’s spokesman HE Vasim Sorya has said that the proposed bridge connecting Kampong Chhnang to Kampong Thom province, which would become the Kingdom’s longest, is a second priority after the Kratie-Kampong Thom bridge, on which construction is set to begin this year. HE Vasim Sorya said on 25 […]
Read More
Mixed-use Development ‘Bokor City’ Could Threaten National Park, Say Environmentalists
Environmentalists, activists, and NGOs have voiced concern that the plan to develop over 28,000 hectares on Bokor Mountain into a mixed-use city, could harm the nature and rare species of animals on the Preah Monivong Bokor National Park, reported the Mongabay. The ‘Bokor City’ plan was approved by a sub-decree signed by Prime Minister Samdech […]
Read More
MPWT: Talks Continue on Korea-funded Chroy Chongvar–Svay Chrom Bridge
The Ministry of Public Works and Transport (MPWT)’s spokesman Vasim Sorya said that talks between Cambodia and South Korea on the Chroy Chongvar-Svay Chrom Bridge are underway. HE Vasim Sorya said on 25 February that at this point, the talks between the two sides mainly focus on technical matters, while other details will be studied […]
Read More
Spain Mulls Building World’s Largest Floating Wind Farm
Spanish utility Iberdrola is considering investing over US$1.2 billion in a 300MW floating windfarm northwest of Spain and is currently seeking funds from the EU’s Next Generation programme, reported GCR. The scheme is expected to begin this year and become operational by 2026. If approved, it would be the largest floating wind farm built so […]
Read More
New US$1.5 billion Phnom Penh Airport Set for 50% Completion by End 2021
Chairman of renowned local conglomerate Overseas Cambodia Investment Corporation (OCIC) Neak Oknha Pung Kheav Se said that OCIC aims to have the construction of the new US$1.5 billion Phnom Penh International Airport 50% complete by the end of 2021. Neak Oknha Pung Kheav Se told Construction & Property Magazine earlier this month that according to […]
Read More
Japan Provides US$2-million Grant Aid to Help Repair Flood-Damaged Infrastructure
The Japanese government has provided grant aid of approximately US$2 million to help repair damaged infrastructure caused by severe flooding in October last year. Speaking at the aid signing ceremony on 22 February, the Ambassador of Japan to Cambodia HE Mikami Masahiro said that the US$2 million fund will be provided through the World Food […]
Read More
US$100 million Housing Development Project Launched in Sihanoukville
The US$100-million Lorn City Lotus Sea housing development project will be soon built on over 66 hectares of land in Prey Nop district of Sihanoukville, after sales were launched on 22 February. The launch ceremony was presided over by Sihanoukville Governor HE Kouch Chamroeun and Senator HE Neak Oknha Ly Yong Phat, along with hundreds […]
Read More
Sihanoukville Governor Requests China to help advance PP-SHV railway system
Sihanoukville Governor H.E. Kuoch Chamroeun has requested the Chinese government to help improve the Phnom Penh-Sihanoukville railway, especially regarding technical advancement. The proposal was made during a meeting between the governor and Chief Representative of the Chinese Consulate in Sihanoukville Jiang Wei on 16 February. HE Chamroeun stated that the current PP-SHV railway is only […]
Read More
U.S. Seeing More International Buyers Snap Up Great Deals
Foreign Real Estate Transaction Trends in the United States International buyers of U.S. residential real estate account for a significant 5% of total residential real estate purchases, with top geographies for international buyers including Florida, California, Texas, New Jersey, and New York. The average price foreign buyers pay for a U.S. home is $300,000, which […]
Read More