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ខ្មែរ Projects Development
Darasakor International Airport Set for Temporary Opening in August
- 2 July 2024
The Darasakor International Airport in Khemarak Phoumin city, Koh Kong province, is scheduled to open temporarily at the end of August, initially operating domestic flights. This information was confirmed by Mr Sin Chanserivutha, Secretary of State and spokesperson for civil aviation, during a recent announcement to Fresh News in late June 2024. Mr. Chanserivutha stated that a technical meeting...
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Hitachi Targets Southeast Asia Rail Market with US$1.6bn Acquisition
- 30 June 2024
Hitachi aims to expand its presence in Southeast Asia’s railway market following its US$1.6 billion acquisition of Thales Group’s rail signal business on 31 May 2024, as China remains a dominant infrastructure supplier. This move enhances Hitachi's ability to provide integrated railway solutions in Singapore and Malaysia. The announcement was made during a media roundtable on 5 June 2024. Hitac...
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BYD to Establish Electric Car Factory in Cambodia, Signalling Major Economic Expansion
- 28 June 2024
China's leading electric car manufacturer, BYD, is set to invest in a new car plant in Cambodia, as confirmed by Prime Minister Hun Manet during a gathering with SMEs and artisans on 27 June 2024. PM Hun Manet also mentioned that two additional companies have applied to establish factories in Cambodia, further bolstering the nation's industrial growth. He emphasised the potential for economic e...
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Kampot Unveils Giant Clock Project to Boost Tourism
- 27 June 2024
The Kampot Provincial Authority is set to construct a monumental clock standing 35 metres tall, with a face nearly 10 metres in diameter, aiming to enhance the region's tourism appeal. The announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first regular meeting of the Kampot Provincial Council of the fourth mandate on 25 June 2024. Governor HE Mao Thunin emphasised ...
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China Aims to Attract 100 More Companies to Invest in Zhejiang SEZ in Koh Kong by 2024
- 24 June 2024
China's Zhejiang Special Economic Zone (SEZ) in Koh Kong is set to attract 100 more companies by 2024, adding to the 28 currently investing there. This strategic goal was highlighted during a meeting between Mr. Chea Vuthy, Secretary General of the Investment Committee of Cambodia, and Mr. Zhou Zhangjin, Chairman of Zhejiang SEZ, along with 11 Chinese delegates on 21 June 2024. Mr. Zhangjin sha...
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TSMC Affiliate Vanguard Partners with NXP for US$7.8bn Chip Facility in Singapore
- 22 June 2024
Vanguard International Semiconductor, an affiliate of TSMC, will invest US$7.8 billion in partnership with European chipmaker NXP to construct its most advanced production facility in Singapore, targeting the rising demand for regional chip manufacturing and supply chain resilience. This significant venture, announced on Wednesday, underscores the strategic importance of localised semiconductor pr...
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World Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
- 22 June 2024
The World Bank has approved a US$275 million loan package to support Cambodia's long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country's finances to assist the most vulnerable populations. This announcement was made by WB on 21 June 202...
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Southern Phnom Penh Set for Major Expansion with New Projects and Government Vision
- 19 June 2024
The Cambodian government has announced an ambitious infrastructure development plan for the southern part of Phnom Penh, which is rapidly growing due to increasing population density. This plan is anchored by two major projects: the Techo International Airport and the Takhmao City and Prek Chik Funan Techo developments. The unveiling of this vision was made by PM Hun Manet during the groundbrea...
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German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
- 18 June 2024
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable e...
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Morocco to Spend US$1.2bn to Develop Dakhla Atlantic Port: A Gateway to Global Trade Connection
- 14 June 2024
A transformative project is underway in Dakhla, a city on Morocco's southern coast. The Dakhla Atlantic Port, a US$1.2 billion megaproject currently under construction, is poised to become a significant trade hub for West Africa and beyond, according to CNN on 28 May 2024. A Multi-Functional Port Complex Scheduled for completion in 2028, the Dakhla Atlantic Port will encompass a trade port f...
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