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ខ្មែរ Projects Development
CDC Approves Three Investment Projects Worth Over US$12m for PP & K. Speu
- 12 October 2021
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest over US$12.6 million in establishing three factories in Kampong Speu and Phnom Penh. The first company is Lastingwinner Garment (Cambodia) Co., Ltd, which will invest US$4.2 million to set up a garment factory on NR3, Lvea village, Ang Popel commune, Kong Pisey district, Kampong Speu province...
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Japan Provides US$72 million in Grant Aid for Six Development Projects in Cambodia
- 12 October 2021
The Japanese government has agreed to provide approximately US$72.1 million in grant aid to Cambodia for six development projects, with US$57.6 million used for the Siem Reap Water Supply Expansion Project (Phase II) and the rest for five economic and social development projects. An Exchange of Notes for this aid agreement was signed on 11 October between Deputy Prime Minister HE Prak Sokhonn a...
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US$9.2 billion Needed for 2022-2024 Public Investment, 44% for Infrastructure Development
- 11 October 2021
At least US$9.2 billion will be needed to implement a total of 673 public investment projects from 2022 to 2024, while 44.2% will be allocated for infrastructure development. According to a Council of Ministers press release on 8 October 2021, of the total projects, 185 projects are ongoing which demands about US$5.8 billion, while another 488 projects are new and require a budget of US$3.3 bil...
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Over 2,900 Construction Projects Worth US$3.8 billion Approved in First 8 Months
- 11 October 2021
The Ministry of Land Management, Urban Planning and Construction has approved a total of 2,901 construction projects during the first eight months of 2021, a 449-project drop compared to the same period last year. According to a report by the Ministry of Economy and Finance, the total investment value of the aforementioned projects was US$3,843 million, also down by 24.4% year on year. Among...
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Cambodia Earns Over US$2m from Agro-Industrial Land Concessions
- 1 October 2021
The Ministry of Agriculture, Forestry, and Fisheries as of August 2022 has given over 229 agro-industrial concessional land plots to the private sector, or equivalent to over 1.1 million hectares. The figure was shown by HE Veng Sakhorn, Minister of Agriculture, Forestry, and Fisheries on 25 August. Among them, 72 private firms have paid over US$2 million of concessional fees to the governme...
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Construction of ADB-funded 11km Beachfront Road in Kep to Start in November
- 1 October 2021
The construction of the ADB-funded 11km beachfront road is scheduled to begin this upcoming November, according to the final decision between the Kep provincial administration and the Asian Development Bank (ADB) on 30 September. This road will start from Kep city and stretch along the beach all the way to Angkol beach. With an estimated cost of US$10.5 million, the project will take 22 mont...
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Construction of New Offshore Koh Tonsay Tourism Port to Begin by Mid-October
- 1 October 2021
A new Koh Tonsay Tourism Port located on the Koh Tonsay Island, 4km offshore of Kep province’s mainland, is set to begin construction on 16 October and is expected to take 15 months to complete. The construction timeline was set during the meeting on Thursday 30 September between the Kep provincial administration, the Ministry of Economy and Finance, Ministry of Public Works and Transports, Min...
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MPWT Requests the US to Provide Technical Support & Invest More in Infrastructure Sector
- 1 October 2021
The Minister of Public Works and Transport HE Sun Chanthol has requested the United States to assist in three major areas to help enhance the infrastructure sector in Cambodia. The proposal was made during a meeting between HE Sun Chanthol and US Ambassador to Cambodia HE Patrick Murphy on 29 September. HE Sun Chanthol urged US companies to invest more in the field of infrastructure. Besides, ...
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Four Regions in Kep Province Selected as Main Development Zones in 2021-2035 Masterplan
- 30 September 2021
The draft of the Kep Tourism Development Masterplan for 2021-2035 is currently under discussion as four major areas have been selected as strategic development poles, including the old Kep town, Angkol beach area, the Phnom Voar zone, and offshore islands zone. The draft master plan was discussed at a meeting on 29 September under the chairmanship of Minister of Tourism HE Thong Khon and Kep Go...
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Solar Components & Bag Factories Worth Over US$33m Approved for PP and K. Speu
- 30 September 2021
The Council for the Development of Cambodia (CDC) has issued permits to two private firms to invest US$33.1 million for setting up two factories in Kampong Speu and Phnom Penh. According to a CDC announcement on 30 September, the two companies include Xin Xingle Leather Products Co., Ltd., which will invest US$3.1 million to set up a bag production factory in Chbar Morn city in Kampong Speu pro...
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