Projects Development
CDC Approves 4 Major Projects Worth $US96.8million
The Council for the Development of Cambodia (CDC) has approved four private companies to invest a total of approximately US$96.8 million in In Kratie, Svay Rieng and Sihanoukville provinces. 1- “L-Q New Energy Co., Ltd.” will build a solar panel factory located in the UBE Snoul Special Economic Zone, Kratie province, with an investment of […]
Read More
More than 1,000 Unfinished Buildings in Sihanoukville
Long Dimanche, Deputy Governor of Sihanoukville Province, said on 14 July that the departure of Chinese investors due to the closure of online games and the COVID-19 crisis over the past three years has left unfinished constructions scattered in Sihanoukville. “At the meeting that day, we observed that new investors who want to invest, such […]
Read More
Cambodia Asks China to Support Seven Prioritised Infrastructure Development Projects for 2022-2024
Cambodia has asked China to provide a concessional loans to support seven prioritised infrastructure development projects for 2022-2024. This is according to the plenary meeting of the Cambodia-China Intergovernmental Coordinating Committee for the Implementation of Comprehensive Strategic Partnership Cooperation via video call on 14 July 2022. The two sides have agreed to prioritise infrastructure development […]
Read More
CDC Approves Two Major Projects in Phnom Penh & Kampong Speu
The Council for the Development of Cambodia (CDC) has approved the approval of a private company to invest approximately US$7.7 million in Phnom Penh and Kampong Speu: XIN MEI DA (CAMBODIA) GARMENT CO., LTD will establish a garment factory in Building B, Choam Chao St., Damnak Thom 2 village, Sangkat Stung Meanchey III, Khan Meanchey, […]
Read More
Gov’t Aims to Transform Cambodia into Automotive & Electronic Component Production Hub
The Royal Government of Cambodia aims to turn the country into a hub for the production of auto and electronic components as part of economic diversification and economic recovery in the aftermath of the COVID-19 crisis. This vision is set out in a draft roadmap for the development of the automotive and electronics sectors in […]
Read More
Sokha Hotel Company Expands Investment on Over 10,000 Hectares on Bokor Mountain
The Sokha Hotel Company of Oknha Sok Kong has proposed expanding its investment on 11,177 hectares located in the Monivong Bokor National Park, according to a decision of the Ministry of Land Management, Urban Planning and Construction. To date, the inter-ministerial working group, with members from MLMUPC, Environment, Tourism and other stakeholders, are studying, checking […]
Read More
Thailand Pledges to Finish US$12 Billion High-Speed Rail Link to China by 2028
Thailand has pledged to complete its part of a much-delayed high-speed rail system linking the country to China through Laos by 2028, which is a link to Yunnan, China via Nong Khai, Laos, according to Bloomberg published on 06 July 2022. Thailand will complete the first of two stages of construction, and expects a test […]
Read More
EU Plans Investment in World’s Tallest Dam to Dent Russia’s Energy Clout
The European Union plans to become the top investor in the world’s tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of the EU’s answer to China’s Belt and Road Initiative. The Rogun Dam is expected to cost around US$8 […]
Read More
CDC to attract more foreign investment through new investment law
The Council for the Development of Cambodia (CDC) has announced Cambodia is ready to facilitate all types of investment, especially foreign direct investment through its newly-enforced investment law. CDC Secretary-General HE Sok Chenda Sophea said during the 6th “ASEAN-Italy High-Level Dialogue on Economic Relations” in Malaysia that Cambodia has been actively amending policies to help […]
Read More
Thailand Urged to Establish Joint SEZs with Bordering Countries
The Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment. Surong Bulkul, Vice-Chairman of the Chamber, said it proposed the government speed up the reopening of border checkpoints between Thailand and Malaysia, Laos, Cambodia, and Myanmar in order […]
Read More