Projects Development
As Takhmao Techo International Airport achieves 55%, New Phnom Penh Expressway Connection Confirmed
Progress on the construction of the Techo Takhmao International Airport project is currently at 55% with work to date consuming over 50% of the estimated US$1.5 billion project value. The airport is scheduled to commence operations in early 2025, marking a significant milestone in Cambodia’s infrastructure development. Loak Okhna Charlves Vann, Director of Cambodia Airport […]
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China’s Guangzhou Youdi Biotechnology Explores Opportunity of Establishing Visionary Medical Industrial Zone in Cambodia
Embarking on a strategic initiative, Guangzhou Youdi Biotechnology, a renowned medical company hailing from Guangzhou, China, has expressed its keen interest in delving into the prospect of establishing a cutting-edge medical industrial zone within Cambodia. The proposal unfolded during a meeting on 4 December 2023, between HE Sun Chanthol, Deputy Prime Minister and First Vice […]
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US Commits US$4m Over Two Decades to Phnom Bakheng Temple Restoration
Embarking on a steadfast commitment to cultural preservation, the United States Ambassadors Fund for Cultural Preservation (AFCP) has, since 2004, extended unwavering support to the World Temple Fund (WMF) for the restoration of Cambodia’s iconic Phnom Bakheng temple. Since 2004, eight grants amounting to a commendable US$4 million have been allocated for conservation endeavors, with […]
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CDC Approves Construction of Five New Factories Valued at US$35.3M in Three Provinces & Phnom Penh
The Council for the Development of Cambodia (CDC) has given the green light to five companies for the establishment of new factories, with a combined investment of US$35.3 million. These ventures are expected to generate 8,761 job opportunities for residents in Takeo, Kampong Speu, Kandal, and Phnom Penh, according to the CDC on 30 November […]
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Gov’t Approved US$65.5m Solar Power Plant in Svay Rieng
The Council for the Development of Cambodia (CDC) has officially endorsed the registration of “SCHNEITEC VIBRANT CO., LTD” for a pioneering project – the construction of a US$65.5 million solar power plant in Svay Rieng province, according to the CDC on 30 November 2023. The proposed solar power plant, set to be established in Kandal […]
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Gov’t Greenlights Seven Cutting-Edge Factories Injecting US$ 32.9M and 3,470 Jobs in Svay Rieng & SHV
The Council for the Development of Cambodia (CDC), has sanctioned the registration of seven innovative companies set to establish factories with a combined investment of US$32.9 million. This strategic initiative is poised to generate a robust employment boost, creating 3,470 job opportunities for the local workforce in Svay Rieng and Sihanoukville, according to the publication […]
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Thailand to Invest US$27 Billion in 100km Flyover Linking Two Oceans
In a groundbreaking shift from the initial $27 billion Thai Canal Dredging project, the new Thailand government, led by Prime Minister Srettha Thavisin, is steering towards a colossal infrastructural endeavour. The transformative initiative involves the construction of a 100-kilometre flyover connecting the Pacific Ocean to the Indian Ocean at Kra Isthmus, abandoning the contentious Kra […]
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Hanoi Unveils Ambitious US$4.2bn Smart City Project Anchored by Vietnam’s Tallest Skyscraper
In a landmark move to propel urban development, Hanoi unveiled a visionary smart city project in November, covering a sprawling 272-hectare expanse and entailing a colossal investment of US$4.2 billion. The focal point of this monumental undertaking is the Phuong Trach Tower, a striking 108-storey financial skyscraper, slated to be Vietnam’s tallest building. It is […]
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Koh Norea Aspires to New Heights with a Towering 555-Metre Landmark
In an audacious venture set to redefine Cambodia’s skyline, the Overseas Cambodia Investment Corporation (OCIC) unveils plans for a colossal building soaring over 500 metres in the Koh Norea development area. OCIC Deputy General Director, Touch Samnang, confirmed the project on 21 November, revealing that despite initial intentions, the pandemic had temporarily delayed its implementation. […]
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KOICA’s US$2M Grant for Svay Rieng Irrigation & Water Supply Study Project
The Korea International Cooperation Agency (KOICA) has bestowed a generous grant of US$2 million for the realisation of a vital feasibility study project. The initiative, focusing on the implementation of the ‘Water Supply and Flood Reduction Measures Project in the Prek Neal Basin in Svay Rieng Province’, marks a collaborative effort between Cambodia’s Ministry of […]
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