Investment and Funding
International Buyers See Value in Trend of Increasing Value of U.S. Homes
According to the latest figures, despite the worldwide COVID-19 pandemic, U.S. residential real estate prices continue the upward trajectory that has made America one of the top destinations for international home buyers. In fact, home values in the U.S. have steadily increased since the early 1980s, recording more than 300% growth over the past 40 […]
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Private firm mulls building an agro-industrial special economic zone in Kampong Speu
Khmer Holding Group is planning to build an agro-industrial special economic zone in Kampong Spue to serve as an agricultural products processing factory, storage, and assembling facility. During a meeting with the Ministry of Agriculture, Forestry and Fisheries (MAFF) on 20 January, the firm representative said that the beside this SEZ, his firm is also […]
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Solutions for Land and Housing Shortages
According to CBRE Cambodia, the supply of condominiums reached over 25,000 units in the market by the end of 2020 and is expected to jump to 38,000 units by 2021. Data from Knight Frank Cambodia also shows that by the end of 2019, a total of more than 55,000 housing units are available on the […]
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US Provides Aid to Renovate Preah Vihear and Bakheng Temples
The United States government has provided almost half a million dollars in grant aid to help restore and renovate two ancient temples in Cambodia— Preah Vihear and Bakheng.. According to AKP, this project is the result of cooperation between the Ministry of Culture and Fine Arts, the US Embassy in Cambodia, and the World Monument […]
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Construction on US$190 million Bakeng Water Treatment Facility to Start This Month
Construction on a water treatment facility located in Bakeng, in northern Phnom Penh, is set to start in late January, which, when complete, will have the capacity to supply 190,000 cubic metres of clean water per day. The groundbreaking ceremony will be presided over by Cambodian Prime Minister Samdech Hun Sen. The budget for this […]
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CDC Approves Total of 238 Investment Projects Worth Over US$8 billion in 2020
In 2020, the Council for the Development of Cambodia (CDC) approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion, according to government spokesman HE Phay Siphan. At a press conference on the work progress and future direction of the Commune/Sangkat on the morning of 19 January, HE Siphan […]
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Indonesia Announces Multi-Billion Dollar PPP Infrastructure Investment
The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021. Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six […]
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Over 200 Development Projects Included in Kep Development Master Plan
Over 200 development projects and four major tourism development destinations have been included in the draft of Kep Tourism Master Plan, according to the Ministry of Tourism on 14 January. The purpose of the master plan is to transform Kep into a “high-end luxury tourism destination”, and also to help boost Kep’s tourism potential after […]
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Gov’t Threatens to Revoke License from Mondulkiri Mine Site if No Gold in 2021
The Minister of Mines and Energy HE Suy Sem has recently warned Rong Cheng Industrial Investment Cambodia Co., Ltd that if no gold os extracted from the Mondulkiri mining site by the end of this year, the government may revoke their business license. According to the Ministry of Information, HE Suy Sem said on 12 […]
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Siem Reap 38-Road Renovation Project 14% Complete
As of 12 January, the 38-road renovation project in Siem Reap is 14.27% completed and still expected to finish as scheduled by the end of this year, according to the Ministry of Public Works and Transports (MPWT). The progress was revealed during a meeting between Deputy Prime Minister Tea Banh, other relevant ministers and officials […]
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