Investment and Funding
Cambodia Aims for Ambitious Infrastructure Development with a US$40bn Investment Plan
The Cambodian government is embarking on an ambitious journey to secure approximately US$40 billion in funding for the execution of 174 prioritized infrastructure projects over the next decade. Deputy Prime Minister Sun Chanthol, who also serves as the First Chairman of the Council for the Development of Cambodia (CDC), shared this strategic vision during a […]
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Angkor Temples Propel Cambodia’s Tourism Revenue to Over US$5.4m in January 2024
In the inaugural month of 2024, Cambodia witnessed a surge in revenue from Angkor ticket sales, reaching an impressive US$5,498,054. This substantial income was generated from 115,532 foreign tourists, reflecting a remarkable 50.90% increase compared to the same period in 2023. The Angkor Institute’s report, released on 1 February 2024, highlighted the robust revenue growth, […]
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Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month
The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia’s economic landscape. The CDC, in a press release on 1 […]
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Tbong Khmum Governor Courts Malaysian for High-Stakes Renewable Energy Venture
HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with the prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on January 15, 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centered around renewable energy and poverty reduction within Tbong Khmum […]
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KOICA’s Propels Cambodia’s Socio-Economic Development with US$366.5m Investment
KOICA has played a pivotal role in Cambodia’s socio-economic advancement, channelling a substantial investment of over US$366.5 million. This extensive support, spanning from 1991 to 2023, underscores the unwavering commitment of KOICA to fostering progress in Cambodia. The profound impact of KOICA’s Official Development Assistance (ODA) is evident across key sectors, with a strategic focus […]
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HE Sok Siphana: China to Increase Investment with Cambodia in 2024
A promising outlook for Cambodia-China economic and trade cooperation in 2024 has been painted by Sok Siphana, senior minister and Chairman Emeritus of the Board of Directors of the Asian Vision Institute. Mr Sok envisions a year of deeper collaboration, emphasising that the steadily increasing bilateral trade and investment volumes between the two nations will […]
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EU To Grant €86m Boost for Cambodia’s Transformative Programs
The European Union (EU), under the Global Gateway framework, is set to inject approximately US$94 million (€86 million) in grant funding to Cambodia. The Ministry of Economy and Finance, in its press release dated 15 January 2024, revealed the EU’s commitment to support Cambodia’s progress through four pivotal programs. During a meeting with HE Dr. […]
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Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution
In a visionary statement, His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction (MLMUPC), revealed the immense economic potential of the Cambodian Sea, projecting a substantial annual contribution of approximately US$2 billion to the nation. The declaration came during a pivotal meeting on 8 January 2024, convened […]
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Industry Ministry Registers 201 New Factories Amidst Growth Challenges
The industrial sector in Cambodia witnessed a robust surge as the Ministry of Industry, Technology, Science, and Innovation proudly registered 201 new factories in the first 11 months of 2023. Simultaneously, 93 factories have either closed or temporarily shut down, marking a dynamic landscape of growth and adaptation. According to HE Heng Sokkung, Secretary of […]
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Cambodia Attracts 15 New Investment Projects Worth US$247m in 15 Days in December
In a remarkable economic stride, Cambodia has welcomed a wave of 15 new investment projects, collectively injecting over US$247 million into the nation’s burgeoning industrial landscape within just 15 days in December 2023. The Council for the Development of Cambodia (CDC) has granted registration certificates to these visionary enterprises, poised to stimulate economic growth and […]
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