Projects Development
Indonesia Set to Invest Nearly USD 3 billion to Complete Second Phase of New Capital Development
The Indonesian government will allocate an additional 48.8 trillion IDR (approximately USD 2.99 billion) to continue its new capital (IKN) development during the second phase, which spans from 2025 to 2029. Vietnam Plus reported this information on 23 January 2025. In the first phase (from 2022 to 2024), the Indonesian government has already invested 89 trillion IDR into essential infrastructur...
Read MoreTecho International Airport Nears Completion: A New Gateway to Cambodia
In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country's skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including t...
Read MoreChinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026
In a significant commitment to renewable energy in Cambodia, HK OASIS Power Energy Development Co., Ltd. has vowed to complete the construction of a 150-megawatt wind power station in Mondulkiri province by 2026. This pledge was made by Mr Wang Junwei, the company’s representative, during a meeting with HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, on 17 January 2025. ...
Read MoreSerei Sophorn Welcomes New 11 Hectare Landfill
In a significant development to enhance urban environmental management around the Tonle Sap Lake, the government officially inaugurated over 11 hectares of landfill on 17 January 2025. This project, part of the Phase 2 initiative, received support through a concessional loan from the Asian Development Bank (ADB). The landfill in Kangvea village in Sangkat Kampong Svay was constructed by Heng Sa...
Read MoreChina Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns
China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about environmental impact, displacement of Tibetan commu...
Read MoreCambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025
In an exciting start to the year, Cambodia's investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural "One Window Service Office" (OWSO) meeting for 2025, held on 15 January, chaired by HE Chea Vuthy, Secretary General...
Read MoreProgress Update on Kampong Thom Dam Project: 25% Completion Mark Achieved
Construction on the Kampong Kor Dam is progressing steadily, with 25% of the project now completed. HE Chan Sinath, Secretary of State, provided this update during an inspection of the project on 12 January 2025. During the inspection, HE Chan Sinath outlined the project's current status, specifying that the dam's construction has reached 10%, while significant progress has been made on support...
Read MoreCambodia’s Economic Boom: A Game-Changer in 2024
In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape. The announcement was delivere...
Read MoreWANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth
In a move poised to boost Cambodia's economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal moment for the region. On an expa...
Read MoreTecho International Airport Crowned as World’s Leading Architectural Marvel for 2025
In a remarkable accolade for Cambodia, Techo International Airport has been named one of the 11 most spectacular architectural creations in the world by CNN, marking a significant achievement for the nation as it forges ahead into the future of aviation. This prestigious recognition was announced on 1 January 2025, positioning the airport at the forefront of innovative design and sustainability. ...
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