Projects Development
Renovation of NR33 to Begin Soon
The renovation of NR33 connecting Kampot to Chrak Lok will begin soon, while the Ministry of Public Works and Transport has already completed the design plan. Speaking during the inspection of NR33 on 25 October, Secretary of State of the Ministry of Public Works and Transport HE Pal Chandara said that the technical team had already inspected NR33 and was ready to begin their work. “During t...
Read MoreTrade Volume Between Cambodia & UAE at US$280m, Over US$2.7m in Real Estate
In the first eight months of 2022, the trade volume between Cambodia and the United Arab Emirates (UAE) reached nearly US$280 million, while investment in real estate shared US$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab Emirates totaling nearly US$ 1 million, mostly in the r...
Read MoreThree Investment Projects Worth US$14.1m Approved for SHV & Kandal
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$14.1 million in establishing three factories in Sihanoukville and Kandal province. The first firm is CHENG ZHEN YONG INDUSTRY CO., LTD, which will invest US$5.2 million to establish a shoe accessories factory located in Chak village, Bek Chan commune, Ang Snoul district, Kandal province. The sec...
Read MoreChinese Company wants to set up an electric car assembly plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile aims to invest in industrial technology by setting up a factory and assembling electric vehicles in Koh Kong province. This is according to the meeting through the online system on October 22, 2022. The meeting focused on building good relations so that Chinese investors can come to understand the land cooperation policy, human resourc...
Read MoreTwo Ring Road Constructions Worth US$140m Planned for Siem Reap
The Cambodian government plans to build two ring roads in Siem Reap city, the northern ring road and the southern ring road, to facilitate traffic in Siem Reap province. The study of the two ring roads has been recently completed, and the construction will proceed under a concessional loan from development partners, Prime Minister Samdech Hun Sen, said at a get-together meeting with the locals ...
Read MoreCambodia Urges Chinese Firm to Expand Real Estate Investment in Cambodia
The Ministry of Commerce has asked Sunwah Property (Cambodia), a subsidiary of Hong Kong-based Sunwah Group, to expand its investment in the real estate sector in Cambodia besides other successful businesses the firm operating in Cambodia. The request was made by HE Kem Sithan, Permanent Secretary of State of the Ministry of Commerce, in a meeting with the delegation of Sun Wah Property (Cambod...
Read MoreCambodia-Korea Friendship Arey Ksat Bridge in Phnom Penh to be Built in 2023
The Cambodia-Korea Friendship Bridge crossing the Mekong River from the night market to Chroy Changva and Arey Ksat, is set to begin construction in 2023, according to HE Khuon Sodary, Second Vice President of the National Assembly. HE Khuon Sodary said during a meeting with a delegation from Kyungyu, Republic of Korea, on 19 October that construction of the new Cambodia-Korea Friendship Bridge...
Read MorePM: Residents of Run Ta Ek to Get Full Hard Titles, Not Social Concessional Titles
People who relocated from Angkor Park to Run Ta Ek and Peak Sneng will receive full hard title deeds, not social concessional ownership documents, according to Samdech Prime Minister Hun Sen. PM Hun Sen gave this order during the site inspection on 21 October, asking the Ministry of Land to conduct the systematic land registration and issue hard titles for people after they moved in. "I thin...
Read MoreConstruction of Siem Reap-Angkor International Airport Project 44% Complete
The construction of Siem Reap-Angkor International Airport was 44% completed by the end of September 2022, as the company is accelerating work to meet the deadline by March 2023. HE Sin Chansereyvutha, Under-Secretary of State and spokesman for the Secretariat of State for Civil Aviation, said on 20 October that the company is continuing construction as planned. "The company is proceeding as...
Read MoreBooyoung Khmer Mulls Establishing Fintech University in Cambodia
The president of the Booyoung Khmer Co., Ltd expressed his strong interest in opening a university focusing on tax and financial technology (Fintech) in Cambodia in the near future. The proposal was raised during a meeting between Mr Lee Joong Keun, President of Booyoung Group of the Republic of Korea, and HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance on 18 Oct...
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