Projects Development
Takeo Province to Invest Over USD 2 Million in New Temple Project
In a move aimed at enhancing cultural heritage and boosting tourism, provincial authorities have announced plans to invest more than USD 2 million in the construction of a new temple located in the heart of Lake Takeo. The initiative was disclosed at a meeting led by HE Wei Samnang, Governor of Takeo Province. Governor Wei emphasised that the funding for the temple would not come from the natio...
Read MoreBYD to Establish Vehicle Assembly Plant in Sihanoukville Economic Zone
In a significant boost to Cambodia’s automotive industry, BYD, China’s leading electric car manufacturer, has announced plans to establish a vehicle assembly plant within the Sihanoukville Special Economic Zone. The project, which involves an investment of USD 32 million, is expected to create over 200 jobs and contribute to the local economy. The assembly plant is slated for completion in Nove...
Read MoreCambodia Welcomes 12 New Investment Proposals Worth USD 135 Million
In a promising development for the nation’s economy, Cambodia received 12 new investment proposals in early February, collectively valued at USD 135 million. These proposals were submitted to the Cambodia Investment Committee, part of the Council for the Development of Cambodia, and will be examined at the upcoming second “Single Gateway Meeting” in 2025. The meeting will be chaired by HE Chea ...
Read MoreAs of 2024, Phnom Penh Has 1,877 High-Rise Buildings with 5 Floors or More
As of 2024, Phnom Penh has a total of 453 apartment buildings and 1,877 high-rise buildings with five or more floors. This information was presented by HE Keut Chhe, Deputy Governor of Phnom Penh, on 1 February 2023. Phnom Penh, Cambodia's largest capital city, is experiencing rapid urbanization and industrial growth. HE Keut Chhe highlighted that by the end of 2024, the number of apartment ...
Read MoreIndonesia Set to Invest Nearly USD 3 billion to Complete Second Phase of New Capital Development
The Indonesian government will allocate an additional 48.8 trillion IDR (approximately USD 2.99 billion) to continue its new capital (IKN) development during the second phase, which spans from 2025 to 2029. Vietnam Plus reported this information on 23 January 2025. In the first phase (from 2022 to 2024), the Indonesian government has already invested 89 trillion IDR into essential infrastructur...
Read MoreTecho International Airport Nears Completion: A New Gateway to Cambodia
In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country's skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including t...
Read MoreChinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026
In a significant commitment to renewable energy in Cambodia, HK OASIS Power Energy Development Co., Ltd. has vowed to complete the construction of a 150-megawatt wind power station in Mondulkiri province by 2026. This pledge was made by Mr Wang Junwei, the company’s representative, during a meeting with HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, on 17 January 2025. ...
Read MoreSerei Sophorn Welcomes New 11 Hectare Landfill
In a significant development to enhance urban environmental management around the Tonle Sap Lake, the government officially inaugurated over 11 hectares of landfill on 17 January 2025. This project, part of the Phase 2 initiative, received support through a concessional loan from the Asian Development Bank (ADB). The landfill in Kangvea village in Sangkat Kampong Svay was constructed by Heng Sa...
Read MoreChina Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns
China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about environmental impact, displacement of Tibetan commu...
Read MoreCambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025
In an exciting start to the year, Cambodia's investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural "One Window Service Office" (OWSO) meeting for 2025, held on 15 January, chaired by HE Chea Vuthy, Secretary General...
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