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ខ្មែរ Projects Development
Cambodia Unveils Ambitious US$5bn Plan for Maritime Infrastructure to Serve 1.2m Passengers and 41m tons of Cargo by 2030
- 19 March 2024
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 the Co...
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Dauntri Dam in Battambang Province Reaches 81% Completion, to be completed by October Next Year
- 19 March 2024
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 ministry’s Under Secretary of State, and Ms Minnie Chey, Country Direct...
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
- 18 March 2024
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 real estate and c...
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Cambodia Malaysia China High-Tech Park Worth US$300m on 100ha Near Phnom Penh to be Completed in Five Years
- 16 March 2024
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 expansion to 2,000 hectares, according to Edgeprop da...
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In February, Cambodia Secures Nearly US$1.2bn for Development with 37 New Projects
- 13 March 2024
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 37 new projects and production expansion endeavou...
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Grand Opening of Techo Sen Koh Thom Hospital: An US$11m Milestone
- 13 March 2024
Set against the backdrop of the tranquil Koh Thom district in Kandal province, the Techo Sen Koh Thom Hospital was officially inaugurated on 13 March 2024, marking a pivotal moment in the province's healthcare narrative. Worth more than US$11 million, this hospital stands as a beacon of medical excellence and community collaboration, presided over by Prime Minister Hun Manet in a ceremony that not...
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Cambodia Eyes European Investment Booster: A US$540m Journey Over Three Decades
- 12 March 2024
In a concerted effort to diversify and enhance its investment portfolio, Cambodia has set its sights on attracting a larger share of European investment. Despite hosting approximately 62 projects from Europe, a total investment of US$540 million since 1994, the nation views this figure as the tip of the iceberg. This ambition was at the fore during a meeting between HE Sun Chanthol, Deputy Prim...
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China Extends Generous US$7.2m Grant for Council of Ministers’ Friendship Building Renovation
- 5 March 2024
In a significant gesture of enduring friendship and collaboration, China has bestowed Cambodia with a substantial grant of 53.2 million yuan (US$7.3 million) earmarked for the renovation of the Friendship Building within the Council of Ministers, according to the official Facebook page of the Office of the Council of Ministers on 5 March 2024. The official signing ceremony for this transformati...
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Cambodia Greenlights 22 Investment Projects Worth US$444m in a 15-Day Spree
- 29 February 2024
In a dynamic economic surge, the Council for the Development of Cambodia (CDC) has approved 22 new investment projects, amassing a staggering US$444 million in just 15 days during February. The industrial sector emerged as the primary recipient of these investments, with significant contributions, 15 projects, also flowing into infrastructure and agriculture. The CDC's press release on 19 Febru...
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CDC Greenlights Nearly US$600m Investment Injection into Preah Sihanouk Province
- 29 February 2024
The Council for the Development of Cambodia (CDC) has approved two investment initiatives totalling close to US$600 million, both slated for development in Preah Sihanouk province. The announcement comes following a CDC meeting convened on 28 February 2024. The first sanctioned project involves Ban Dao Investment Co., LTD, committing a capital investment of US$574 million. This venture aims to ...
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