Projects Development
Chinese firm Commits $3 Billion Investment in Cambodia’s Energy Development
In a remarkable leap towards Cambodia’s energy sector development, China Machinery Engineering Corporation (CMEC) has unveiled a groundbreaking plan to co-invest approximately $3 billion in Cambodia’s burgeoning gas energy industry. This momentous decision was announced following a high-level meeting between His Excellency Hun Manet, Cambodia’s Prime Minister, and Mr. Wang Bo, Chairman of the Board […]
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China Spends US$10bn to Dig Massive New Canal to Ease Trade Flow with ASEAN
Recognizing that the eastern port where goods pass through the port near Taiwan looks unstable and is under US surveillance, China has invested a staggering US$10.3 billion (equivalent to 72.7 billion yuan) to carve out the sprawling Pinglu Canal. Stretching over 134 kilometers, this monumental waterway links the Xijin Reservoir near Guangxi’s vibrant capital city, […]
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Cambodia Inks Landmark Agreements with Chinese Corporate Giants on Three Transformative Projects
The Cambodian government has forged pivotal agreements with Chinese corporate giants on three transformative development projects. These monumental partnerships, unveiled during the “Third Belt and Road Forum” in Beijing, promise to reshape Cambodia’s technological landscape and boost its economic prowess. Under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia signed a […]
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Gov’t Allocates 1,000 Hectares for Airport City Development Near New Siem Reap Airport
Siem Reap Angkor Airport Investment brings forth exciting prospects for the development of the Siem Reap Angkor International Airport. An impressive 1,000 hectares of prime land have been earmarked for an industrial and economic zone, heralding a new era in airport city growth. The announcement was officially made by HE Vongsey Visoth, Permanent Deputy Prime […]
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Siem Reap’s New Airport Welcomes Inaugural Commercial Flight
In a historic moment for Cambodia, the Siem Reap Angkor International Airport officially embraced its inaugural commercial aircraft on 16 October 2023, marking a transformative leap for the country’s aviation infrastructure. The momentous inauguration ceremony was presided over by HE Vongsey Visoth, Deputy Prime Minister overseeing the Office of the Council of Ministers, Mr Mao […]
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Japan Grants Cambodia Over US$1 Billion to Construct Techo Santepheap Museum in Siem Reap
The Cambodian government is set to construct the illustrious Techo Peace Museum in Siem Reap, with the generous backing of the Japanese government contributing over US$1 billion. This extraordinary initiative seeks to illuminate Cambodia’s rich history, its struggles with war, and the precious gift of peace. The Director General of the Cambodian Mine Action Center, […]
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Gov’t Greenlights 7 New Factories Worth US$40.8 Million in Kandal, Kampong Speu & Phnom Penh
In a resounding endorsement of Cambodia’s economic prospects, the Council for the Development of Cambodia (CDC), has recently given its approval to seven companies to establish cutting-edge factories with an impressive combined investment of US$40.8 million. These strategic endeavors are set to create over 11,000 job opportunities for residents in Kandal, Kampong Speu, and Phnom […]
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Three Provinces Celebrate Pchum Ben with Big Investment Gifts
The Council for the Development of Cambodia (CDC) has given the green light to three prominent companies to establish manufacturing plants with a total investment of US$12.8 million. This strategic move is expected to generate over 2,200 jobs, benefiting local communities in Svay Rieng, Banteay Meanchey, and Sihanoukville provinces. The trio of enterprises slated to […]
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ThaiBev to Establish a US$108 Million Beverage Powerhouse in Cambodia
Thai Beverage (ThaiBev), a prominent ASEAN food and beverage conglomerate listed in Singapore, is poised to make a significant mark in Cambodia with a staggering investment of 4 billion baht (equivalent to US$108 million). Their grand plan includes the construction of a state-of-the-art beverage and beer factory, as reported by the Bangkok Post on 4 […]
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Siem Reap Angkor International Airport Triumphs in Non-Commercial Flight Test, Gearing Up for Commercial Operations
Siem Reap Angkor International Airport has successfully concluded a comprehensive airport flight demonstration, clearing the way for the launch of commercial aircraft operations set for mid-October. On 5 October 2023, the airport marked this achievement with the participation of three prominent airlines: Sky Angkor Airlines from Phnom Penh International Airport, Cambodia Airways departing from Sihanoukville […]
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