Investment and Funding

Two Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang

Two Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang

  • Sommana Yan
  • 28 July 2021

The Council for the Development of Cambodia (CDC) approved two investment projects on Wednesday 28 July worth over US$12 million for Kandal and Kampong Chhnang provinces. The first investment permit has been granted to General Enterprises Garment (Cambodia) Co., Ltd to invest US$7.3 million to build a garment factory in Kadal Stueng district, Kandal province. The second is Sortics Alliance C...

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CDC Approves Two New Investment Projects for SHV & Svay Rieng Provinces

CDC Approves Two New Investment Projects for SHV & Svay Rieng Provinces

  • Sommana Yan
  • 23 July 2021

The Council for the Development of Cambodia (CDC) on Friday approved two investment projects worth over US$7.8 million for Sihanoukville and Svay Rieng provinces. The first investment permit has been granted to Cathaya (Cambodia) Co., Ltd to invest US$2.8 million to build a textile factory in the Sihanoukville Special Economic Zone. The second is Ck Sports Co., Ltd, which will invest US$5 mi...

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Gov’t Approves Four New Investment Projects Worth Over US$51 million

Gov’t Approves Four New Investment Projects Worth Over US$51 million

  • Sommana Yan
  • 21 July 2021

The Council for the Development of Cambodia (CDC) has recently give permits to private firms to invest in building four factories, worth a total budget of approximately US$51.1 million in Kandal and Takeo provinces. The first investment permit has been granted to Hong Cen Max Leather Products Co., Ltd to invest US$2.6 million in building a factory producing all kinds of bags and belts in Bek Ch...

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Indonesia Eyes Construction & Real Estate Investment in Cambodia

Indonesia Eyes Construction & Real Estate Investment in Cambodia

  • Sommana Yan
  • 16 July 2021

Indonesia is looking for opportunities to partner with three Cambodian tycoons to invest in several key sectors in Cambodia, while construction and real estate are among the top priority. The interest was expressed through the Indonesian Ambassador to Cambodia Sudirman Haseng during a meeting with President of WorldBridge Group Oknha Sear Rithy, President of Mong Reththy Group Oknha Mong Retthy...

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CDC Approves 87 Investment Projects Worth Almost US$3 Billion in H1, Up By 10%

CDC Approves 87 Investment Projects Worth Almost US$3 Billion in H1, Up By 10%

  • Sommana Yan
  • 7 July 2021

The Council for the Development of Cambodia (CDC) in the first half of 2021 approved 87 new investments both new and expansion projects, equivalent to almost US$3 billion, which is an increase of about 10% compared to the same period last year. According to Fresh News on 6 July, compared to the same period in 2020, the number of projects decreased by 63 projects or 72%, but the investment capit...

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Construction of US$2.5-billion Koh Norea Satellite City 30% Complete

Construction of US$2.5-billion Koh Norea Satellite City 30% Complete

  • Kongleaphy Keam
  • 1 July 2021

Construction of the US$2.5-billion Koh Norea satellite city being developed by OCIC has reached 30% completion, with the company confirming that construction is on schedule despite the COVID-19 crisis. According to Touch Samnang, a senior official of the Koh Norea Satellite City Development Project, to date, landfilling work is 60% complete, bridge construction at 20%, and overall construction ...

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Four Factories Worth Over US$27 million Approved for SHV & Svay Rieng

Four Factories Worth Over US$27 million Approved for SHV & Svay Rieng

  • Sommana Yan
  • 24 June 2021

The Council for the Development of Cambodia (CDC) recently approved private firms to invest in building four factories, worth approximately US$27 million, in Sihanoukville and Svay Rieng provinces. The first investment permit has been granted to Honglaite Home Handicraft (Cambodia) Co., Ltd to invest US$5.2 million in building a lighting and curtain factory in the Hi-Park SEZ of Svay Rieng prov...

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Ministry of Commerce Urges Sweden to Open IKEA in Cambodia

Ministry of Commerce Urges Sweden to Open IKEA in Cambodia

  • Kongleaphy Keam
  • 19 June 2021

The Ministry of Commerce has urged Sweden to consider opening renowned furniture megastore IKEA in Cambodia, as the demand for the market is significantly growing. The request was by Minister of Commerce HE Pan Sorasak during the meeting with the Swedish Ambassador to Cambodia HE Björn Häggmark. HE Pan Sorasak said that Cambodia would like to see more Swedish investors enter Cambodia, especi...

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Hong Lai Huat Group to Build Agricultural Hub on 10,000 hectares in Kampong Speu

Hong Lai Huat Group to Build Agricultural Hub on 10,000 hectares in Kampong Speu

  • Sommana Yan
  • 17 June 2021

Singaporen real estate developer, Hong Lai Huat Group, has received permission from the Royal Government to set up a huge agricultural hub on an area of about 10,000 hectares in Oral district in Kampong Speu province, according to The Business Times on 16 June. The development project will be built in stages, starting in the fourth quarter of 2021. Under the first phase, the infrastructure upgr...

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Cambodia, Australia Join Hands to Upgrade Clean Water System, Aiming for 100% Universal Access by 2030

Cambodia, Australia Join Hands to Upgrade Clean Water System, Aiming for 100% Universal Access by 2030

  • Sommana Yan
  • 16 June 2021

Australian Embassy of Cambodia Chargé d’Affaires Mr Luke Arnold met the Minister of Industry, Science, Technology, and Innovation (MISTI) HE Cham Prasidh on Tuesday 15 June to advance the bilateral collaboration on access to clean piped water in Cambodia’s provinces. According to the study, only 47% of Cambodian villages had access to clean water pipes in 2020. Thus, Mr Arnold believed that str...

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