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ខ្មែរ Projects Development
China Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
- 15 April 2023
China has set its sights on developing the world's most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The EMA (Europe-Middle East-Asia) cable project will...
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CDC Approves $36.2 Million Investment in Solar Panels and Agricultural Products in three provinces
- 14 April 2023
The Council for the Development of Cambodia (CDC) has recently granted registration certificates to four companies with a total investment of $36.2 million, aimed at constructing four factories in three provinces. According to the CDC, the investments are expected to boost the economy and provide job opportunities for locals. One of the companies, "SUNFLOWER ENERGY (CAMBODIA) CO., LTD," will in...
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US$7.2b Jakarta-Bandung High-Speed Railway Set to Revolutionize Indonesian Transport
- 14 April 2023
Indonesia is set to mark its 78th Independence Day with the opening of the highly anticipated Jakarta-Bandung High-Speed Railway, a landmark project that will connect the capital to the thriving city of Bandung in just 40 minutes. The US$7.2 billion railway, a flagship initiative of China's Belt and Road Initiative, has been years in the making and is being spearheaded by the Indonesian-Chinese co...
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“Koh ToToeng” &”Koh Muy” to be developed as a new tourist destination worth nearly US$38m
- 13 April 2023
The Council for the Development of Cambodia (CDC) has granted approval for two investment projects worth a total of $37.7 million to develop two islands, "Koh Totoeng" in Koh Kong province and "Koh Muy" in Sihanoukville province as new tourist destinations. According to the Cambodian Investment Committee publication released on 13 April 2023, "DEN NOKOR (CAMBODIA) INVESTMENT CO., LTD" and "G.T....
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New NR4-Monivong Bokor National Park Road Reaches 30% Completion Milestone
- 11 April 2023
The NR4-Monivong Bokor National Park Road, a major infrastructure project connecting the National Road No. 4 to the Bokor mountain, has reached a significant milestone. As of 8 April 2023, the project has reached 30 percent completion, according to Mr Svay Vuthy, a representative of Sokha Hotel Company, which is responsible for the construction of the road. This comes after the completion of site ...
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CDC Approves Nearly US$300M in Investment Projects in Q1 2023
- 11 April 2023
The Council for the Development of Cambodia (CDC) has announced the approval of 39 new investment projects and investment expansion projects in the first quarter of 2023, with a total investment capital of approximately US$294 million. According to the report, these projects are expected to create around 47,000 job opportunities for local people. The majority of the projects, comprising 38 out ...
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JKD Packaging Co. LTD Receives Approval for $5.3 Million Manufacturing Investment in Cambodia
- 11 April 2023
The manufacturing sector in Cambodia is set to receive a boost with the recent approval of a new investment project by the Council for the Development of Cambodia (CDC). JKD PACKAGING CO., LTD has been given the green light to establish a factory for the production of cardboard boxes and packaging materials, located on Lum Road, Bek Bok Village, Sangkat Kork Roka, Khan Prek Pnov, Phnom Penh, with ...
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Japan grant US$18M to Cambodia to develop water supply system in southwest of Phnom Penh
- 10 April 2023
Cambodia has received a loan of 2,482 million yen (approximately US$ 18.24 million) from Japan for the implementation of the second phase of the project to improve and rehabilitate Phnom Penh's southwestern irrigation and drainage system. The loan agreement was signed between His Excellency Prak Sokhon, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of the Kingdom...
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Chinese Mining Company to Launch Gold Production in Mondulkiri Province
- 9 April 2023
Rong Cheng Industrial Investment Co., Ltd., a Chinese-based company, is set to commence gold exploration and refining in Mondulkiri province after completing its production infrastructure. According to HE Sorn Sarun, Deputy Governor of Mondulkiri Province, the company has been granted a legal license to explore gold ore in the province, and has already conducted test production, yielding over 2 ki...
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AEON 3 Mall worth US$290 million officially opened
- 7 April 2023
AEON (Cambodia) Co., Ltd. has opened its third shopping mall, AEON Mall Meanchey, located on Samdech Techo Blvd. in Phnom Penh. The grand opening ceremony was held on 7 April 2023, with HE Dr HUN Manet in attendance. After four months of trial operation, the mall is officially open to the public. The AEON 3 shopping mall project is the largest of the three AEON shopping malls in Cambodia, with ...
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