Projects Development
Thai Transport Minister Unveils Ambitious US$27bn Land Bridge Project to Chinese Investors
Thailand’s Transport Minister, Suriya Jungrungreangkit, recently promoted a US$27 billion land bridge project to Chinese investors in Beijing, aiming to alleviate congestion in the Malacca Strait, the world’s busiest sea corridor. The Nation newspaper reports that the proposed plan involves constructing two deepwater ports on either side of the Thai isthmus, connected by a 100km […]
Read More
Significant Boost in Phnom Penh’s Telecommunication Infrastructure with 74 New Antenna Towers
To enhance telephone service quality, 74 new antenna towers have been installed, and 157 antenna stations are now operational in Phnom Penh, as announced on 7 May 2024 during a progress review meeting led by HE Chea Vandeth, Minister of Posts and Telecommunications (MOPT). During the meeting, it was detailed that the special task force […]
Read More
Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
Read More
Kampot Unveils Plans to Enchant Tourists with Floating Market & Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
Read More
MinebeaMitsumi to Invest Over US$320m in Expanding Operations in Cambodia & Thailand
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]
Read More
Cambodia Attracts US$309m in Investments with 22 New Projects in April
In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country’s economic […]
Read More
Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination
Virak Buntham, a prominent player in Cambodia’s tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha […]
Read More
Second Conch Cement Factory in Battambang Worth US$253m Reaches 85% Completion
Construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia’s cement manufacturing sector. The update was shared via a Facebook […]
Read More
Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ
In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]
Read More
Cambodia Forges Ahead with International Standard Community Nurseries for Workers
Cambodia is accelerating its initiatives to establish community nurseries built to international standards. In a concerted effort to elevate working conditions and support the welfare of labourers, the Ministry of Labor and Vocational Training (MLVT) convened a pivotal meeting on 18 April 2024, in collaboration with the World Child and Development Organisation and the World […]
Read More