Northern Phnom Penh’s Swiss-designed Samraong Village launches mock-up units

Prek Pnov’s largest residential development project Samraong Village has officially launched its new mockup unit, the twin villa, giving more choices to buyers and potential key real estate players in the Northern region of Phnom Penh capital. Developed by renowned real estate developer Prince Huan Yu, Samraong village is dedicatedly designed by a Swiss architect, with unique creativity and fun...

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Walmart to Raise Orders of Cambodian Products

US retail company Walmart will increase orders of Cambodian garments and footwear products in the upcoming year and will also start buying other products, Anbinh Phan, Director of Global Government Affairs at Walmart, recently told HE Ith Samheng, Cambodian Minister of Labour and Vocational Training, in a virtual meeting. The two sides discussed the purchase orders of Cambodia-made products tha...

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OCIC Partners with Spectrum KH to Present Alta Moda – A Night of High Fashion Meeting Luxury Properties

The Overseas Cambodian Investment Corporation (OCIC) has partnered with Spectrum KH to bring together the country’s prominent fashion mavericks, Armada by Abello, The Privé, & Natacha Van to present Alta Moda-- a night of glamour, fashion, and a showcase of the architectural developments for Cambodia by OCIC complementing the craftsmanship and artistry of three of the most prominent local fash...

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Cambodian Private Commercial Center in Atsugi of Japan officially inaugurated

The Cambodian Private Commercial Center, which serves business affairs between Cambodia and Japan located in Atsugi, Kanagawa Prefecture of Japan, has been officially inaugurated on 18 June 2022. Ambassador Extraordinary and Plenipotentiary of the Kingdom of Cambodia to Japan, HE Tuy Ry said the establishment of this Cambodian Private Commercial Center is a new achievement through the cooperati...

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US$18m Siem Reap Zoo Opening in October

The US$18 million Siem Reap Zoo is set to open in October 2022 officially. This is according to the inspection of the progress of the zoo by HE Veng Sakhon on 16 June. The company's CEO, Roger Reynolds, said that the zoo was established to display the aquatic and wildlife species in the Kingdom of Cambodia, especially endangered and rare species that can request imports if necessary to attract ...

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Star Vegas Resumes Operation in Poipet City

ASX-listed Donaco International Limited says it will recommence casino operations on 18 June, almost 14 months since closing its doors due to COVID-19. The reopening comes after the Cambodian government and local authorities lifted a temporary closure order on all casinos in Banteay Meanchey province, which includes Poipet on the border with Thailand. “We are delighted to put a prolonged per...

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Nestlé Switzerland Wants to Invest in Cambodia

Nestlé Switzerland has expressed its intention to seek more investment opportunities in Cambodia, especially in setting up a factory in Cambodia that sees significant uses for Nestlé products. At the invitation of Nestlé Switzerland, HE Pan Sorasak, Minister of Commerce, led a delegation from the Ministry of Commerce on 16 June to visit Nestlé Switzerland, located in Vevey, Switzerland to discu...

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Four New Auto Brands to Set Up Assembly Plants in Cambodia

In addition to Ford, four new auto brands are set to open auto assembly plants in Cambodia located in Cam MJ Industrial Park on National Road 3 in Angkor village, Ang Por Peul commune, Kong Pisey district, Kampong Speu province, with an investment of about 15.6 million US dollars, according to the release of the Council for the Development of Cambodia (CDC) on 17 June 2022. The four auto brands...

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Construction & Real Estate Sectors Expected to Continue Growth in 2023

The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated that the construction sector is predicted to continue to recover by ...

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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value

The Online Business Registration platform registered a total of 14,676 business applications, with a total investment of US$4,670 million in the capital in the two-year period since its launch. According to a press release from the Ministry of Economy and Finance, business applications in the construction sector accounted for 21.6% or about US$1 billion of the investment value of total register...

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