Business and Market
NagaCorp Posts GGR of US$224 million in 2021, 74% Drop Y-o-Y
NagaCorp, the company behind Phnom Penh’s largest casino NagaWorld, has posted Gross Gaming Revenue (GGR) of US$223.5 million in 2021, a 74% decrease compared to the amount earned in 2020. Despite a longer business closure period in 2021 (about 6.5 months) as compared to 2020 (about 3.5 months), the company witnessed a quicker recovery of […]
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US$600bn Smart City Project Neither Approved nor Confirmed by Koh Kong Authority
Bilderberg Investment Group has recently announced plans to invest US$600 billion in establishing a smart city on 120,000 hectares of land in Koh Kong province, but the provincial authority has yet to confirm or receive information regarding this project. The company announced the project to the local press last week, naming it AHNAKOT, a large-scale […]
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Gov’t Approves Four Investment Projects Worth US$18.6 million in PP, K. Chhnang, & K. Speu
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$18.6 million to establish four factories in Phnom Penh, Kampong Chhnang and Kampong Speu. According to the CDC’s announcement on 4 February 2022, the four companies are: 1- GLOBAL XILIN GARMENT ACCESSORY CO., LTD is investing US$3.4 million to […]
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Cambodia’s first homegrown firm to get foothold in global real estate market
ZPLAT INTERNATIONAL has announced an ambitious plan for its business expansion, bringing the first Cambodian company to tap into the global real estate market. A soon-to-be-launched ZPLAT INTERNATIONAL is part of Zillennium Co., Ltd. (Z1 Group), a local conglomerate company serving beyond the real estate marketplace in the Kingdom. ZPLAT INTERNATIONAL is aiming to be […]
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Battambang Governor Urges Japan to Establish SEZs & Smart Cities in Battambang
Japanese investors will visit Battambang province in April to study the feasibility of establishing agricultural product processing factories, special economic zones (SEZs), and a smart city in the province. The visiting plan was proposed during the meeting between Battambang Governor HE Sok Lou and the Director of the Japan-Cambodia Association Tamura Tsutomu on 2 February. […]
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Chinese Firm Mull Setting Up Electric Car Assembly Plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile plans to invest in setting up a factory to assemble electric vehicles in Koh Kong province, according to an online meeting between relevant parties on 22 October. The objective of the Chinese firm in this meeting was to study the feasibility, and understand the land and legal environment, human […]
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Cambodia to Build 10,000 4.0 Greenhouses Nationwide by 2032
The Ministry of Agriculture, Forestry and Fisheries (MAFF), in collaboration with three private firms, is planning to build over 10,000 4.0 Greenhouses nationwide in the next 10 years to upgrade and enhance the kingdom’s agricultural sector. The Ministry signed an MoU on the project on 21 January between the three companies including Agri-Sambathkhmer Co., Ltd, […]
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A Difficult Year for Real Estate Developments
By Eric Wong Chon Lap As another difficult year for the real estate market come to an end, the market has seen a series of interesting and unprecedented events in various sectors in the Year 2021. New condominium launches in Phnom Penh has slowed down, while low-rise affordable housing demand surges. The retail market is […]
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D’Seaview & Royal Platinum on track, HLH to inject US$400m in two other projects
Two major real estate development of Hong Lai Huat (HLH) Group in Cambodia— Royal Platinum and D’Seaview—remain on track both in terms of construction progress and sales despite the pandemic with the firm planning to inject US$400 million in two other projects. According to its latest business update, Royal Platinum’s main construction has reached the […]
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Ten Investment Projects Worth US$1.8 billion Approved for PP & Seven Other Provinces
The Council for the Development of Cambodia (CDC) has given permits to ten private firms to invest a total of US$1.89 billion setting up garment & production factories, power plants, hydropower dam, and a logistics centre in various provinces across the kingdom. According to the CDC announcement on Monday 17 January, the firms include: 1. […]
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