Investment and Funding
Chinese company proposes USD160 million parking garage on Phnom Penh outskirts
China Good Cars Holding Ltd plans to propose the construction of a large modern parking garage on the outskirts of Phnom Penh with an investment budget of USD160 million to reduce traffic congestion in Phnom Penh. This investment plan was revealed by representatives of China Good Cars Holding Ltd to H.E Sun Chanthol, Minister of […]
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KrisEnergy secures US$87 million loan for offshore project in Cambodia
KrisEnergy has said that on 30 April 2020 it entered into a credit facility agreement with Kepinvest Singapore Pte. Ltd. as a lender for a loan of up to USD87 million for its offshore development project in Cambodia. This is according to a press release published in Offshore Engineer on 01 May 2020. KrisEnergy will […]
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CDC approves construction equipment factory project worth US$1 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently approved Mountain Moon Millwork Co., Ltd’s US$1 million investment proposal to build a construction equipment factory in Sihanoukville province. The Mountain Moon Millwork company is developing this furniture production factory to supply construction materials for the Cambodian market especially in Sihanoukville. […]
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Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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Reopening Battambang airport proposed
The Ministry of Tourism has unveiled plans to reopen an abandoned airport in Battambang province to facilitate the travel of national and international tourists. The Battambang Airport rehabilitation project is among the key initiatives to facilitate travel and promote foreign capital flows to Cambodia. Speaking at the Tourism Ministry’s 27 February meeting at Sokha Phnom […]
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CDC approves US$12 million investment in three construction material factories
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$12 million in establishing three construction material factories in Phnom Penh, Sihanoukville and Takeo. The first project is an investment of about US$ 2.5 million by Ningo Bainian (Cambodia) Electric Appliance […]
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Government receives US$20 million loan from China to expand Phnom Penh port
The government has received a US$20 million loan from China to expand the Phnom Penh port, according to Minister of Public Works and Transport H.E. Sun Chanthol. H.E. Sun Chanthol made the announcement during a press conference on the progress and future direction of the Ministry of Public Works and Transport at the Council of […]
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Over US$200 million spent on repairing damaged roads each year
The Ministry of Public Works and Transportation spends between US$150 to 200 million annually to repair damaged roads across Cambodia, according to Public Works, and Transport Minister H.E. Sun Chanthol. H.E. Sun Chanthol stated this during a press conference on the progress and future direction of the Ministry of Public Works and Transport at the […]
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Government approves four construction material factories worth US$25 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to four firms to invest a total of approximately US$25 million in establishing their construction material businesses in Cambodia, which are expected to generate at least 1,100 jobs. According to the CDC announcement, the four firms are Kaining Metal […]
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Vinci Airports and SCA request cooperation with OCIC on new airport development
Vinci Airports and SCA, commonly known as Cambodia Airports, have recently proposed to set up a joint venture with OCIC to help develop the new multi-billion-dollar Phnom Penh International Airport in Kandal province. The proposal was made on 4 February during the meeting between the three firms and the State Secretariat of Civil Aviation, at […]
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