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ខ្មែរ Projects Development
61-Kilometre Road Connecting NR No. 4 to Bokor Mountain Completed with 7 km of Concrete Poured
- 25 December 2024
The construction of a new 61-kilometer road linking NR No. 4 to Bokor Mountain has reached a significant milestone, with 7 kilometers of concrete pouring completed as of 19 December 2024. This update was shared by Sokha Real Estate on their official Facebook page that same afternoon, marking steady progress in this transformative infrastructure project. Planned by the Ministry of Public Works a...
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Shangri-La Phnom Penh Sets a New Benchmark in Luxury with USD 580 Million Investment
- 23 December 2024
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its USD 580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivaled comfort and sophistication. The hotel held its temporary inauguration o...
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Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
- 19 December 2024
In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment to serve over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister of Industry, Science, Technology and Innovation. The s...
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Ground-breaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development
- 17 December 2024
The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The ground-breaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the urban and economic landscape of Areyaksat. ...
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50 Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties
- 14 December 2024
In a landmark development for Cambodia’s economic landscape, fifty Korean Industrial Confederation (KIAF) companies have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader initiative to explore strategic inv...
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Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
- 13 December 2024
Sihanoukville’s economic transformation is gaining momentum, with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposin...
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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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