Chinese Firm Granted Approval to Build State-of-the-Art Multi-Purpose Port in Kampot Province

Kampot province is set to witness the development of a cutting-edge multi-purpose port as China Harbour Engineering Company Ltd (CHEC), a renowned Chinese firm, has been granted permission to construct the Kampot multi-purpose port. Following a year of meticulous soil analysis and infrastructure preparation, the signing ceremony of the construction contract took place on May 5 under the auspices o...

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Australia Collaborates with Cambodia to Establish Groundbreaking Agri-Food Industrial Park for Enhanced Competitiveness

In a groundbreaking partnership, Australia is teaming up with Cambodia to establish the country's first Agri-Food Industrial Park (AIP) with the aim of enhancing market competitiveness. The Australian Embassy officially announced this significant collaboration on 3 May 2023 through their official Facebook page. The Agri-Food Industrial Park will serve as a hub for Agri-Food processing, research...

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US$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024

The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia's increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for Coopera...

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Royal Railway and Three Companies Sign MOU to Develop Land Along Railway Line

Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land along the railway line from Poipet to Si...

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GOV’t Plans to Develop Seabed War Museum on Takeav Island

Sihanoukville provincial authorities are planning to establish a Seabed War Museum on the Takeav archipelago near Ream, according to HE Long Dimanche, Deputy Governor of Sihanoukville. The proposed Submarine War museum will showcase the remnants of World War II that have plunged into the seabed and will be a significant attraction for both national and international tourists. The provincial adm...

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Single Portal for Business Registration Attracts Nearly US$2 Billion in Construction and Real Estate Investments

The govt's efforts to streamline business registration processes and improve the country's investment climate have paid off. The Online Business Registration platform, a single portal for registering new businesses, has received a total of 24,466 applications as of April this year, with a combined investment value of US$7.42 billion. The construction sector accounted for the largest share of in...

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Cambodia launches US$53m power expansion projects with concessional loans from Japan

Cambodia has officially launched two major power expansion projects worth over US$53 million under the framework of concessional loans and grants of the Royal Government of Japan. These projects aim to strengthen the power supply capacity in Phnom Penh and the southern economic corridor of Cambodia. The inauguration ceremony was presided over by HE Suy Sem, Minister of Mines and Energy, and HE UEN...

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Svay Rieng Province Flourishes with 12 Special Economic Zones and 264 Factories

Svay Rieng Provinc has emerged as a thriving business hub with the establishment of 12 special economic zones since 2005. According to HE Men Vibol, Governor of Svay Rieng Province, nine locations are currently operational, hosting a total of 264 factories, enterprises, and establishments, providing employment to over 94,000 workers. Of these, 146 factories are operating within the SEZ, providi...

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Korean Auto Parts Manufacturer YURA Harness Plans to Establish a Research and Development Center in Cambodia

Korean auto parts manufacturer YURA Harness (Cambodia) Co., Ltd. is set to establish a research and development center in Cambodia, following the successful inauguration of its wiring assembly plant in Kampong Speu province. This development was announced during a meeting between the delegation of YURA Harness (Cambodia) Co., Ltd. and the Minister of Industry, Science, Technology and Innovation...

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PP-SR Expressway Runs Through 5 Cities-Provinces while the feasibility study will end in May

The Cambodian government is moving forward with the Phnom Penh-Siem Reap Expressway project, which will connect the two cities by crossing five provinces, according to a feasibility study set to be completed by the end of May. Senior Minister of Public Works and Transport, HE Sun Chanthol, recently confirmed the progress of the project, stating that a meeting was held on April 25, 2023, to disc...

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