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ខ្មែរ Projects Development
Kampot Unveils Plans to Enchant Tourists with Floating Market & Beach Developments
- 18 May 2024
In a bid to solidify Kampot's position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot's tourism offerings, catering to both domestic and international visitors. Inspired by the well...
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MinebeaMitsumi to Invest Over US$320m in Expanding Operations in Cambodia & Thailand
- 14 May 2024
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in Cambodia, scheduled to commence operations early next year...
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Cambodia Attracts US$309m in Investments with 22 New Projects in April
- 11 May 2024
In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country's economic landscape...
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Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination
- 10 May 2024
Virak Buntham, a prominent player in Cambodia's tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha Sour Virak, General Di...
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Second Conch Cement Factory in Battambang Worth US$253m Reaches 85% Completion
- 7 May 2024
Construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia's cement manufacturing sector. The update was shared via a Facebook post by the Cambodia...
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Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ
- 2 May 2024
In a significant boost to Cambodia's automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country's manufacturing capabilities. The Toyota Assembly Plant, a venture between TOYOTA TSUSHO ...
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Cambodia Forges Ahead with International Standard Community Nurseries for Workers
- 20 April 2024
Cambodia is accelerating its initiatives to establish community nurseries built to international standards. In a concerted effort to elevate working conditions and support the welfare of labourers, the Ministry of Labor and Vocational Training (MLVT) convened a pivotal meeting on 18 April 2024, in collaboration with the World Child and Development Organisation and the World Bank, under the steward...
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Cobber Packing Company Commits Over US$3 Million to Establish Cardboard Factory in SHV
- 19 April 2024
The Preah Sihanouk Provincial Sub-Committee on Investment (ECCC) has greenlit an ambitious venture by Cooper Packing (Cambodia) Co., Ltd., investing upwards of US$3 million to erect a state-of-the-art cardboard factory in Sihanoukville. The decision came to light during a meeting presided over by Mr. Kouch Chamroeun, Governor of Preah Sihanouk Province, on 17 April 2024. With a registered capit...
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Construction Sector Thrives: Ministry Approves 3,207 Projects Worth US$5.4bn in 2023
- 17 April 2024
In 2023, Cambodia's construction landscape witnessed a remarkable surge, with the Ministry of Economy and Finance (MEF) greenlighting a total of 3,207 construction projects, collectively valued at US$5.4 billion. This data, unveiled in a ministry report, highlights a significant stride in the nation's development trajectory. The report indicates a notable shift in construction dynamics compared...
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Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors
- 17 April 2024
Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signalling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah Group, on 8 April 2024. ...
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