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ខ្មែរ Projects Development
New Gold Mining Firm Starts Trial Operation; Over 20kg Extracted
- 9 August 2022
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 09 August. “Cambodia has a new company, Delcom, which is...
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Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
- 9 August 2022
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 bird nests to China on 08...
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Construction of Koh Tonsay, Landfill and Coastal Road in Kep Province 62% Complete
- 6 August 2022
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 8.5% complete respectively. He added that the coastal roa...
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19 of 36 Islands in Sihanoukville Under Private Development
- 6 August 2022
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. In the meantime, six of seven islands in Prey Nob district are being develope...
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Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
- 5 August 2022
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 appeared in the press release w...
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
- 5 August 2022
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 42.9% compared to the total employees last year. “The increase in investment value is due t...
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Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
- 5 August 2022
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 Leap in Phnom Penh. The second is The Inheritan...
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OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
- 4 August 2022
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 to Cambodia Eldeen Husaini Mohd Hashim and C...
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SSEZ Import & Export Value in H1 at US$1.4 billion, Up 28% Y-o-Y
- 3 August 2022
During the first half of 2022, the export and import value at the Sihanoukville Special Economic Zone (SSEZ) was recorded at US$1.4 billion, an increase of 38% compared to the same period last year. According to SSEZ President Chen Jiangang, his firm is currently expanding e-commerce activities and Silk Road development to attract more technology-related enterprises from China to Cambodia. S...
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Government Signs US$760 million in New Grants & Concessional Loans in H2 2022
- 2 August 2022
The Royal Government of Cambodia has signed new grants and concessional loans totalling approximately US$762 million while financing under the framework for infrastructure development projects and other priority projects totals approximately US$524 million. The new agreements, signed in the first half of 2022, are for the implementation of 18 projects or development programs, according to the r...
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