Projects Development
World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia
The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on 15 March, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing […]
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Cambodia Secures EU Grant Aid Worth Nearly US$86m to Boost Key Sectors
Cambodia and the European Union (EU) have formalised a grant aid agreement amounting to almost US$85.6 million, aimed at bolstering pivotal sectors crucial for sustainable development. The signing ceremony, presided over by HE Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, alongside representatives from the European Union Member States, marks a […]
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Gov’t Unveils Ambitious Plan to Transform Villages into “Rural Borey”, Modern Rural Communities
Samdech Hun Manet PM of Cambodia revealed the Royal Government’s groundbreaking initiative to establish “rural boreys” aimed at elevating the living standards of provincial residents. The announcement came during the conclusion of the Ministry of Rural Development’s gathering on 20 March 2024. “Rural Borey entails the transformation of villages into well-equipped communities, complete with essential […]
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APSARA Authority Expands Angkor Botanical Garden to 150 Hectares to Enrich Tourist Experience
The APSARA Authority has embarked on a significant expansion project, enlarging the Angkor Botanical Garden from its original 15 hectares to an expansive 150 hectares, aimed at enhancing the tourism appeal of the renowned heritage site. Mr. Lay Poti, Deputy Director of the Department of Water Management, Forestry, and Infrastructure of the APSARA Authority, confirmed […]
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Cambodia’s Investment Surge: Attracts US$4bn in 6 Months, Generating Over 170,000 Jobs
In a significant example of economic growth, Cambodia has seen a surge in investment, welcoming a staggering US$4.15 billion in investment expansion and new projects over the span of six months, from September 2023 to February 2024. This influx of capital has not only bolstered the nation’s economic landscape but has also paved the way […]
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Cambodia Unveils Ambitious US$5bn Plan for Maritime Infrastructure to Serve 1.2m Passengers and 41m tons of Cargo by 2030
In a strategic move to bolster Cambodia’s water transport capabilities and fortify its logistics system, the Royal Government has proposed a comprehensive master plan comprising 20 maritime projects. With a total investment requirement of US$5.461 billion, these initiatives aim to support the country’s transformation into a high-middle-income nation by 2030. The ambitious plan, disclosed in […]
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Dauntri Dam in Battambang Province Reaches 81% Completion, to be completed by October Next Year
Construction of the Dauntri Dam in Battambang province, funded by South Korea, has reached an impressive 81% completion and is on track to be operational by 2025, as announced by the Ministry of Water Resources and Meteorology (MWRM). The latest progress update was revealed during a site visit led by HE Chuon Beth Thul, the […]
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
Chinese investment in Southeast Asia has surged to nearly US$20 billion, marking a substantial 37% increase from the previous year, according to a report jointly conducted by Griffith University and Fudan University. Published by Thailand-business-news on 11 March 2024, the report underscores the resilience and strategic growth of Chinese investment in the region, particularly in […]
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Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years
Global real estate network IQI has forged a Memorandum of Understanding (MoU) to establish an advanced technology manufacturing park in Cambodia. The initial phase of the high-tech park, known as the Cambodia Malaysia China High-Tech Park, boasts a gross development value of US$300 million and spans an area of up to 100 hectares, with potential […]
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In February, Cambodia Secures Nearly US$1.2bn for Development with 37 New Projects
In a noteworthy surge of economic activity, Cambodia witnessed a substantial influx of investment totalling nearly US$1.2 billion during February 2024. This significant investment, as revealed in a press release by the Council for the Development of Cambodia on 12 March 2024, is poised to propel the development of the nation through the approval of […]
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