Projects Development
Bridge Connecting Koh Norea to NR1 Scheduled to Open for Traffic in September
The bridge connecting Koh Norea to NR1 is scheduled to open for traffic in September, as construction is now more than 90% complete. Mr Touch Samnang, Deputy General Director of OCIC, the company that is developing Koh Nora, said on 10 August that the construction work is proceeding as planned, and expected in September to […]
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Construction Begins on Major New Road in Prey Veng Province
Construction has officially begun on a new 10km road in Prey Veng province, with the road being upgraded to DBST and concrete. The road connects Chi Poch village to Pra Hear village in Mesang district, Prey Veng province. This project is being built under the National Restoration of Rural Productive Capacity Project (NRRPCP) 2021-2023 with […]
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New Gold Mining Firm Starts Trial Operation; Over 20kg Extracted
Another private company, Delcom Campuchea PLC Ltd, started a trial operation on gold production in Preah Vihear province in early August and to date has extracted over 20kg of gold. HE Ung Dipola, Director General of the General Department of Mineral Resources, Ministry of Mines and Energy, provided this figure at a press conference on […]
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Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export […]
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Construction of Koh Tonsay, Landfill and Coastal Road in Kep Province 62% Complete
Construction of Koh Tonsay tourism port, landfill, and coastal road in Kep Province has been 62% complete, according to the meeting on 4 August 2022. Deputy Technical Advisor of the Asian Development Bank (ADB), Mr. Horm Nimol, said that sub-project of the landfill, coastal road, and Koh Tonsay tourism port have been 98.8%, 10.4%, and […]
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19 of 36 Islands in Sihanoukville Under Private Development
19 of 36 islands in Sihanoukville are under development by over 23 private companies, according to the latest official record published on 03 August. 4 out of 5 islands in Sihanouk city are being developed by four companies, while nine islands of 19 islands in Koh Rong city are being invested in by seven companies. […]
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Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that […]
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of […]
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Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$26.23 million in building five factories in Kampong Speu, Sihanoukville, and Phnom Penh. The first firm is Fukki Apparel and Laundry Technology Co., Ltd, which will invest US$5.4 million to establish a garment and laundry factory in Sangkat Prek […]
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OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh. The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw. The Malaysian Ambassador […]
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