Projects Development
KOICA Approves US$3m Project to Preserve Tuol Sleng Museum Phase II
The Korea International Cooperation Agency (KOICA) approved a US$3 million budget for the preservation of Tuol Sleng Museum (Phase II), according to the official meeting on 17 January. The project will be implemented in five years starting from 2024 under the cooperation between the Ministry of Culture and Fine Arts, KOICA, and UNESCO. Besides this fund, KOICA already provided US$1 millio...
Read MoreRoyal Group to Build US$300m International Airport on Koh Rong Island
The Royal Group Koh Rong Development Company, a Royal Group Co Ltd subsidiary, will build an international airport on Koh Rong which will take five years to complete. The agreement on the airport master plan was signed on 18 January under the presidency of the Minister in charge of the State Secretariat of Civil Aviation Mao Havannal and Chairman of the Royal Group Koh Rong Development Company...
Read MoreNew Heritage Police Station Inaugurated in Angkor Park
A new heritage police station in Angkor Park worth more than US$1.7 million has been officially inaugurated. The inauguration ceremony was presided over by Deputy Prime Minister Samdech Sar Kheng on 17 January. The new building was built in the APSARA zone with construction funded by the 2018 Conservation Fund of the APSARA Authority. The new building was built in the style of a simple...
Read MoreCambodia has nearly 2,000 industrial plants worth US$16 billion in 2022
Cambodia has 1,982 factories in operation by 2022 with a total investment capital of US$16.6 billion, according to a report from the Ministry of Industry, Technology, Science and Innovation. From January to December last year, the ministry registered 186 new factories and enterprises, while only 168 new factories opened in 2021. 83 factories closed in 2022, which was lower than the number of...
Read MoreChinese display maker BOE to invest US$400m to build two factories in Vietnam
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest up to US$400 million to build two factories in Vietnam. According to Reuters, BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small plant in the south that supplies mostly television screens to South Korea's Samsung and LG E...
Read MoreJapan Assists Cambodia in Planning Urban Water Supply Development
The Ministry of Industry, Science, Technology, and Innovation, in collaboration with the Japan International Cooperation Agency (JICA), will co-develop an urban water supply development plan. The agreement was signed between the two parties on 12 January 2023. The project will be implemented in mid-2023 when both parties will draft guidelines for the development of the urban water sector, ...
Read MoreAccor to Launch Cambodia’s First Ibis Budget Hotel in Q1 2023
Renowned hotel group Accor will open the first Ibis Budget hotel in Cambodia, Ibis Budget Phnom Penh Riverside, in the first quarter of 2023. According to Travel News Asia last week, the Cambodian Overseas Investment Company (OCIC) of Neak Oknha Pung Kheav Se owns the new hotel. "We are happy to be able to propose for business and leisure travellers the opportunity to avail a new affordabl...
Read MoreMPWT plans to build a large wastewater treatment system in Kampong Spue
The Ministry of Public Works and Transport is collaborating with BUCG to study the feasibility of establishing another large wastewater treatment system project in Chbar Morn City, Kampong Speu Province. This is according to the meeting of the Ministry of Public Works and all stakeholders on January 10, 2023. HE Ros Vanna, Secretary of State of the Ministry of Public Works and Transport, said t...
Read MoreGov’t Confirms Continuation of “Water, Road, Electricity, People” Policy for Next 30 Years
Cambodia Prime Minister Samdech Hun Sen confirmed that the government would continue implementing the "water, roads, electricity, people" policy for the next 30 years. Speaking at the ground-breaking ceremony of National Road 7 on 9 January, PM Hun Sen said that infrastructure plays a major in the country's development. (Read more) He said that he launched this policy in 1987, which is mor...
Read MoreExpansion of NR7 Officially Begins
The project to expand and upgrade National Road 7 from Skun roundabout to downtown Kampong Cham officially began on 9 January under the auspices of Cambodia Prime Minister Samdech Hun Sen and Chinese Ambassador to Cambodia HE Wang Wentian. The road has a length of 45.48km from the Skun roundabout in Cheung Prey district to the roundabout at the base of the Kizuna Bridge in Kampong Cham. Th...
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