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ខ្មែរ Projects Development
GOV’t mulls to develop Tboung Khmum as carbon-neutral province to improve quality of life
- 16 March 2023
A senior official of the Ministry of Environment has revealed plans to transform Tboung Khmum into a carbon-neutral province to enhance the quality of life of its residents. During a meeting on the morning of 16 March, 2023 to review the province's environmental progress in 2022 and its goals for 2023, HE Eang Sophalleth, Secretary of State of the Ministry of Environment, emphasized the importance...
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Bulgarian Ambassador Vows to Boost Investment in Cambodia as Trade Volume Increases by 78% in 2022
- 16 March 2023
The Ambassador of the Republic of Bulgaria to Cambodia, Mrs. Marinela Petkova, has pledged to attract more Bulgarian businessmen and investors to Cambodia to explore investment opportunities. The commitment was made during a meeting between HE Pan Sosak, Minister of Commerce, and Mrs. Petkova on March 15, 2023. According to the meeting, the current trade volume between Cambodia and Bulgaria has...
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Gov’t Pledges to Finish Master Plan for Sihanoukville SEZ by Mid-2023
- 16 March 2023
The Cambodian government has announced its commitment to complete the master plan for Sihanoukville's multi-purpose special economic zone (SEZ) by mid-2023. The inter-ministerial working group met to discuss the draft report of the second phase of the "Master Plan," which includes 1. Economic development, industry, and industrial land management, 2. Labor market and vocational training, 3. Spec...
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Germany’s Build4People Project Proposes Key Strategies to Transform Chbar Ampov to a Green Residential Area
- 15 March 2023
Germany has helped develop six key strategies to transform Chbar Ampov into a model green residential area in Phnom Penh. This was unveiled during the "Sustainable Housing Project for People (Build4People)" workshop held from 26 February to 3 March 2023. Build4People is a joint venture between the Phnom Penh administration and the Government of the Federal Republic of Germany, with additional supp...
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Cambodia Seeks China’s Assistance to Build Five Roads for New Economic Pole Development
- 14 March 2023
Cambodian Prime Minister Hun Sen has requested China's assistance in constructing five crucial roads in the northwestern and western provinces of Cambodia to hasten the establishment of the fourth economic pole. The pole is expected to cover four provinces, namely Pursat, Battambang, Banteay Meanchey, and Pailin. During a meeting with people in the Stung Pursat 1 Dam area on 14 March, Hun Sen...
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Gov’t Pushes for Renewable Energy Investment to Meet Growing Demand
- 14 March 2023
Cambodia's Prime Minister, Samdech Hun Sen, has emphasised the importance of investing in renewable energy to meet Cambodia's growing electricity demand. Speaking at a get-together with people on 14 March in Veal Veng district, Pursat province, Samdech Hun Sen highlighted that electricity is not only a necessity of daily consumption but also a major industrial demand for Cambodia's economic g...
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Chinese Shoe Factory to Relocate from Myanmar to Cambodia, Citing Political Stability and Investment Incentives
- 13 March 2023
Alvin Su, a Chinese footwear company, has announced its decision to relocate its shoe factory from Myanmar to Cambodia due to the ongoing political crisis in Myanmar, according to a meeting between the Ministry of Labour and the Board of Directors of the shoe company Alvin Sukali on 13 March 2023. "The main reason for returning to invest in Cambodia is because Cambodia has peace, political st...
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CDC Approves Three New Projects Worth US$15.2m in Svay Rieng, Kampong Speu & Phnom Penh
- 13 March 2023
The Council for the Development of Cambodia (CDC) has given the green light for three new investment projects in the country's manufacturing sector, with a combined value of US$15.2 million. According to the CDC, the projects are set to create 3,365 jobs across Kampong Speu, Svay Rieng, and Phnom Penh. DUN TAI GARMENT (CAMBODIA) CO., LTD, plans to establish a garment factory in Kampong Speu wi...
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US$231m Stung Pursat Hydropower Project to Operate in April 2026
- 11 March 2023
The Stung Pursat 1 hydropower project, which has a capacity of 80 MW and is being built by a Korean company at the cost of over US$231 million, is scheduled to become operational in April 2026. Pursat Provincial Governor HE Khoy Rida also announced plans to build two more projects, with the second possibly located above the first project and the third at the Pursat-Kong border, to serve the n...
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Phnom Penh Approves Over 1,000 Construction Projects Valued at US$600m in 2022
- 11 March 2023
According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, more than 1,000 construction projects worth a total of US$600m were approved in Phnom Penh in 2022. The report stated that 1,139 construction projects were granted permits, covering a total area of 1,215,988 square metres. The number of approved projects increased by 8.47% compared to the previous ...
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