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ខ្មែរ Investment and Funding
Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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Groundbreaking Date of New Offshore Koh Tonsay Port Rescheduled to November
- 19 October 2021
The groundbreaking date of a new tourism port on Koh Tonsay has been postponed from October to early November 2021 due to heavy rains. A statement signed by HE Suy San, Secretary of State of the Ministry of Public Works and Transport dated 18 October to the Kep provincial governor, stated that Vimean Chey Group Co Ltd will start construction of the tourism port in Koh Tonsay Island on 1 Novembe...
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US$4-million Investment Project Approved for Kampong Speu
- 19 October 2021
The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$4 million in building a garment factory in Kampong Speu province. The firm, Garment (Cambodia) Co., Ltd, will establish a garment factory in Serey Phat village, Po Angkor commune, Bor Seth district. According to the CDC, the project will help create 1,034 jobs for local people. Dur...
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CDC Approves 134 Investment Projects Worth US$3.3bn in First Three Quarters of 2021
- 13 October 2021
During the first three quarters of 2021, the Council for the Development of Cambodia (CDC) has approved a total of 134 investment projects worth over US$3.3 billion, according to a CDC report published in Freshnews. The report added that the number of projects decreased by 24.7% while the investment also dropped by 48%, compared to the same period last year, but have generated over 85,572 jobs ...
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Impacts of China’s Evergrande Crisis on Cambodia’s Property Market
- 2 October 2021
Since one of China’s largest property developers Evergrande Group is facing a financial crisis, many analysts have been calculating the impacts not only within China itself but also other foreign countries dependent on Chinese investment. Cambodia is among those whose property market is largely reliant on Chinese investment. Will the Evergrande incident burst the property bubble in Cambodia? ...
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Cambodia Earns Over US$2m from Agro-Industrial Land Concessions
- 1 October 2021
The Ministry of Agriculture, Forestry, and Fisheries as of August 2022 has given over 229 agro-industrial concessional land plots to the private sector, or equivalent to over 1.1 million hectares. The figure was shown by HE Veng Sakhorn, Minister of Agriculture, Forestry, and Fisheries on 25 August. Among them, 72 private firms have paid over US$2 million of concessional fees to the governme...
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Construction of New Offshore Koh Tonsay Tourism Port to Begin by Mid-October
- 1 October 2021
A new Koh Tonsay Tourism Port located on the Koh Tonsay Island, 4km offshore of Kep province’s mainland, is set to begin construction on 16 October and is expected to take 15 months to complete. The construction timeline was set during the meeting on Thursday 30 September between the Kep provincial administration, the Ministry of Economy and Finance, Ministry of Public Works and Transports, Min...
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China Pledges to End Foreign Coal Financing
- 27 September 2021
China has pledged to end the financing of coal-fired power plants abroad and turn its support to green energy, according to US consultant Global Energy Monitor (GEM). Speaking at the UN General Assembly recently, Chinese president Xi Jinping said China would “step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects...
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United States Eyes Investment Opportunities in Pursat Province
- 22 September 2021
The US Ambassador to Cambodia has expressed interest in investment opportunities in Pursat province after this province recently received the major investment project of a Ford motor assembly plant worth over US$21 million. Ambassador Patrick Murphy said during his official visit to Pursat province on 21 September that he is very proud of Pursat province for hosting the Ford motor assembly plan...
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Three Investment Projects Worth Over US$15 million Approved for Sihanoukville
- 21 September 2021
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest US$15.1 million in building three news factories in Sihanoukville. The first investment permit has been granted to Mountain Forest Product Co., Ltd to invest US$2 million to build a factory producing plywood, furniture, furniture components, decorative materials from plywood, and wood chips i...
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