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ខ្មែរ Projects Development
Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction
- 10 December 2024
In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The ground-breaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic P...
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Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility
- 7 December 2024
The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions by 4.3 million tons a...
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Vietnam Surpasses China as Cambodia’s Top Foreign Investment Rankings with Over USD 557 Million
- 6 December 2024
Vietnam has emerged as Cambodia's top foreign investor, accounting for 51.08% of total investment capital as of November 2024, surpassing China’s 24.26% share. Cambodian investors contributed 14.49%, marking a significant shift in the nation’s investment landscape. The figures were revealed in a recent Council for the Development of Cambodia (CDC) report on 1 November 2024, highlighting 43 new ...
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Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders
- 29 November 2024
The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November 2024. The rebuilding initiative will...
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PM Halts Issuance of Brewery Licenses for Domestic Distribution to Bolster Market Stability
- 29 November 2024
In a landmark decision to regulate Cambodia’s brewery industry, PM Samdech Hun Manet announced a ban on issuing new licenses for breweries targeting the domestic market. The announcement was made during the closing ceremony of the Ministry of Mines and Energy's annual meeting, summarising 2024 results in November. PM Hun Manet clarified that breweries focused on export production will continue ...
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Kampong Thom to Welcome New Cashew Industrial Park Following Swift Approval by PM
- 28 November 2024
Kampong Thom province is set to establish a transformative cashew industrial park following PM Samdech Hun Manet’s swift approval just one day after the proposal was submitted. Announced during the closing ceremony of the 2024 work review and the 2025 planning session of the Ministry of Land Management, Urban Planning, and Construction on 26 November 2024, this landmark initiative aims to stimu...
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Cambodia Issues Nearly 70,000 Construction Permits Worth USD 78.96 Billion in 24 Years
- 28 November 2024
In a remarkable achievement for Cambodia's construction sector, the Cambodian government has issued 67,696 construction permits over the past 24 years, representing projects valued at approximately USD 78.96 billion. These projects cover a combined area of 199,455,440 square meters, according to the Ministry of Land Management, Urban Planning, and Construction’s report shared at a conference on 26...
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Cambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid
- 22 November 2024
Cambodia has inaugurated a modern National Assembly administration building with a USD 25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and HE Tran Thanh Man, President of the National Assembly of Vietnam, symbolizing the enduring friendship between the two nations. The 12-storey buildin...
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Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia
- 21 November 2024
Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November ...
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Japan Invests Over USD 40 Million in Cambodia, Enhancing Economic Partnerships in 2024
- 21 November 2024
Japan has invested over USD 40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Okhna Association and the Japan-Cambodia Association...
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