Investment and Funding
Prince International Plaza Building Structure Completed
Prince Real Estate (Cambodia) Group completed the building structure of the Prince International Plaza project on 29 August after starting construction at the site in 2018. According to the company’s official Facebook page, the project took two years from the groundbreaking to the completion of the building structure. Located along Russian Blvd nearby the old […]
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Three Sections of NR5 Expansion 79%, 30%, and 19% Complete, Respectively
As of August, three sections of the National Road 5 (NR5) expansion project have reached 42% completion and is scheduled to be complete by 2022. According to the Ministry of Public Works and Transport’s report on 01 September, the progress of each section of road are as follows: 1. The northern part from Battambang to […]
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NagaCorp Mulls Investing in Integrated Resorts in Siem Reap and Sihanoukville
Large-scale Cambodian casino monopoly firm NagaCorp is considering investing in Integrated Resorts (IR) in Siem Reap and Sihanoukville, to expand its business and generate new non-gambling revenue, according to its 2020 interim report. Released on 27 August, the report states the intention of the group to explore viable, profitable and mutually beneficial IR developments in […]
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First Wellhead Platform of Apsara Oil Field Complete, Going Online This Year
The construction of the minimum facility wellhead platform (Mini-Platform) for the Apsara oil is completed, while the first oil production is expected to be within this year. According to KrisEnergy’s press release on 27 August, the company has completed the mini-platform for Cambodia’s maiden oil field in Indonesia on 25 August. This fabricated structure is […]
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Controversial China-backed Koh Kong Airport to Complete First Phase This Year
The massive controversial Dara Sakor Aiport Project in Koh Kong province is set to see completion of the first phase of construction by the end of this year. The announcement was made during a meeting between Minister of the Secretariat of Civil Aviation HE Mao Havanna and Chairman of the Board of Union Development Company […]
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Government Approves US$40 million Solar Power Plant in Banteay Meanchey
The Council for the Development of Cambodia (CDC) on 25 August gave the green light to Ray Power Supply Co., Ltd to invest US$39.8 million to build a 30-megawatt solar power plant in Banteay Meanchey province. Located in Russey Khang and Samrong Thom villages of Preah Net Preah district, the project is expected to create […]
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Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Cambodia, Japan Discuss Port Development in Sihanoukville
Cambodia and Japan have recently discussed the development of new deep container ports in Sihanoukville, aiming to expand economic activities between the two nations. The project was raised for discussion during the two-day official visit of the Japanese Foreign Affairs Minister Motegi Toshimitsu in Cambodia on August 21-22. The discussion is timely given that Cambodia […]
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Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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