Projects Development
Three Investment Projects Worth US$15.7million Approved for K. Speu & Phnom Penh
The Council for the Development of Cambodia (CDC) has approved the plans of three private firms to invest US$15.7 million in building three factories in Kampong Speu and Phnom Penh. The first firm is JADE FASHION (CAMBODIA) GARMENTS COMPANY LIMITED, which will invest US$5.3 million to establish a garment factory in Chung Ruk village, Sangkat […]
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Cambodia Becomes World’s 5th Largest Bicycle Exporter, Top in Europe
Cambodia currently has 13 bicycle factories with a total investment of US$112 million as of June 2022, becoming the top bicycle exporter to European and ranking as the fifth largest bicycle exporter in the world According to a report from the Ministry of Industry, Science, Technology, and Innovation, there are 12 bicycle factories in Svay […]
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Australia Provides Over US$75m to Invest in Agricultural Infrastructure through CAP-RED
Australia has pledged a fund of approximately US$75 million to support Cambodia’s economic recovery through investing in infrastructure and increasing resilience in the agriculture sector, agricultural processing, and trade. The fund was discussed during the meeting between the Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon and Australian Ambassador to Cambodia HE Pablo Kang […]
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Multinational Firm Arup Mulls Building MRT Transport System in Cambodia
Multinational firm Ave Arup Limited has expressed interest in cooperating with the Cambodian government to build an MRT transport system. Arup representatives in Cambodia, Vietnam, Thailand, and the United Kingdom met with the Ministry of Public Works and Transport (MPWT) last week to discuss the matter. The firm stated in the meeting that they wish […]
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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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