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ខ្មែរ Projects Development
124 New Industrial Projects Registered During First Three Quarters of 2021
- 19 October 2021
The Ministry of Industry, Science, Technology, and Innovation registered a total of 124 new industrial projects during the first three quarters of 2021, reflecting strong private sector confidence in Cambodia’s economy despite the ongoing pandemic. The new industrial projects registered bring total active industrial factories to 1,843 with a total investment of US$1.3341 billion, HE Heng Sokkon...
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Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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Groundbreaking Date of New Offshore Koh Tonsay Port Rescheduled to November
- 19 October 2021
The groundbreaking date of a new tourism port on Koh Tonsay has been postponed from October to early November 2021 due to heavy rains. A statement signed by HE Suy San, Secretary of State of the Ministry of Public Works and Transport dated 18 October to the Kep provincial governor, stated that Vimean Chey Group Co Ltd will start construction of the tourism port in Koh Tonsay Island on 1 Novembe...
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US$4-million Investment Project Approved for Kampong Speu
- 19 October 2021
The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$4 million in building a garment factory in Kampong Speu province. The firm, Garment (Cambodia) Co., Ltd, will establish a garment factory in Serey Phat village, Po Angkor commune, Bor Seth district. According to the CDC, the project will help create 1,034 jobs for local people. Dur...
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HLH Enters Joint Venture with HSC to Explore Mineral Resources in Kampong Speu
- 18 October 2021
Singaporean firm HLH Group has signed a joint venture agreement with HSC Group to explore and mine mineral resources at the Cambodia-Singapore Agriculture Hub in Kampong Speu province reported Business Times. The HSC Group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following months, the group said in a bourse filing on Monday...
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US Firm Fluence to Equip 3rd SHV Water Treatment Plant with Latest Technology
- 18 October 2021
US-headquartered Fluence Corporation has secured a US$8.5 million contract to equip its MABR technology at a wastewater treatment plant in Sihanoukville, Cambodia. The company has signed a contract with the Ministry of Land Management, Urban Planning and Construction for US$8.5 million, the firm said in a recent announcement. Under the contract, Fluence Corporation will equip three MABRs, us...
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Chinese Firm’s Studies on Mondulkiri Airport Project Disrupted Due to COVID-19
- 16 October 2021
The study of the Mondulkiri Airport project by a Chinese company is behind schedule due to COVID-19. State Secretary of Civil Aviation (SSCA)’s spokesman HE Sin Chansereyvutha said on Thursday 14 October that a team of Chinese companies could not visit and evaluate the site due to the required measures related to COVID-19. "The study has been affected. Experts have not been able to travel to...
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EU Provides US$17 million for Cambodia’s Rural Infrastructure Development
- 13 October 2021
The European Union through the Europe Investment Bank (EIB) will provide a €15 million grant aid (approximately US$17 million) to Cambodia for rural infrastructure development. The grant is part of the project to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT), according to a press release issued on 4 October. SAAMBAT is a US$120 ...
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Construction of ADB-funded landfill in Kep 90% complete
- 12 October 2021
Construction of an 8-hectare landfill in Prey Thom commune of Kep city has been over 90% completed as of September 2021, while the completion date will be delayed from October this year to early next year. According to a report from the Kep Provincial Administration, the landfill project is being built under an ADB loan under the ADB’s Greater Mekong Sub-region Tourism Infrastructure for Inclus...
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