Projects Development
Kambol District Celebrates the Launch of USD 1.4 Million Boeung Thom Water Treatment Plant
In a transformative move to improve access to clean water for Phnom Penh residents, the Cambodian government has inaugurated the Boeung Thom Water Treatment Plant, a USD 1.4 million investment to serve over 3,000 families in the Kambol District. The inauguration ceremony, held on 16 December 2024, was officiated by HE Hem Vandy, Minister of […]
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Ground-breaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development
The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The ground-breaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the […]
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50 Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties
In a landmark development for Cambodia’s economic landscape, fifty Korean Industrial Confederation (KIAF) companies have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader initiative to […]
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Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum, with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]
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Phnom Penh’s New University of Health Sciences Hospital: A Vision for Modern Healthcare Begins Construction
In a landmark development for Cambodia’s healthcare sector, the construction of the University of Health Sciences Hospital has officially commenced, backed by a substantial USD 67 million loan from South Korea. The ground-breaking ceremony, led by PM Hun Manet on 10 December 2024, marks a pivotal moment in enhancing medical services within the nation. Strategically located along the scenic Phnom […]
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Philippines Unveils USD 4 Billion Terra Solar Project, World’s Largest Solar Storage Facility
The Philippines has officially inaugurated the world’s largest solar storage facility, the Terra Solar Project, spanning 3,500 hectares with a total investment of USD 4 billion. The project is set to deliver a photovoltaic capacity of 3,500 megawatts (MW) alongside a 4,500 megawatt-hour (MWh) battery storage system, powering 2.4 million households and cutting carbon emissions […]
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Vietnam Surpasses China as Cambodia’s Top Foreign Investment Rankings with Over USD 557 Million
Vietnam has emerged as Cambodia’s top foreign investor, accounting for 51.08% of total investment capital as of November 2024, surpassing China’s 24.26% share. Cambodian investors contributed 14.49%, marking a significant shift in the nation’s investment landscape. The figures were revealed in a recent Council for the Development of Cambodia (CDC) report on 1 November 2024, […]
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Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders
The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November […]
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PM Halts Issuance of Brewery Licenses for Domestic Distribution to Bolster Market Stability
In a landmark decision to regulate Cambodia’s brewery industry, PM Samdech Hun Manet announced a ban on issuing new licenses for breweries targeting the domestic market. The announcement was made during the closing ceremony of the Ministry of Mines and Energy’s annual meeting, summarising 2024 results in November. PM Hun Manet clarified that breweries focused […]
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Kampong Thom to Welcome New Cashew Industrial Park Following Swift Approval by PM
Kampong Thom province is set to establish a transformative cashew industrial park following PM Samdech Hun Manet’s swift approval just one day after the proposal was submitted. Announced during the closing ceremony of the 2024 work review and the 2025 planning session of the Ministry of Land Management, Urban Planning, and Construction on 26 November […]
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