Projects Development
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 infrast...
Read MoreCDC 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, Phnom Penh, with an investment of approximately US$3.6 mil...
Read MoreGov’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 Cambodia, which is being discussed and collected for additional input...
Read MoreSokha 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 and evaluating the e...
Read MoreThailand 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 run by 2026 and the official launch the following year, budgeted at US$12 bi...
Read MoreEU 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 billion, of which US$3 billion has already been spent, the Tajik energy minister Dalyor Ju...
Read MoreCDC 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 ease th...
Read MoreThailand 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 to increase trade, investme...
Read MoreUS$1.5 Trillion to be Spent on Smart Infrastructure in China in 2021-2025
China's State-owned enterprises (SOEs) have revealed plans to invest over US$1.49 trillion in more than 1,300 smart infrastructure schemes across the country during from 2021 to 2025, to boost sustainable economic growth. According to a China Daily report in June, those development projects are not the traditional types like railways, roads, and water conservancy, but will focus on infrastructu...
Read MoreThree Major Reservoir Rehabilitation Projects to Support Mondulkiri Tourism Master Plan
The project to rehabilitate and restore three major water reservoirs in Mondulkiri province is an integral part of the work to support the tourism development master plan for Mondulkiri province. The project was part of the discussion among the members of the steering committee for the implementation of the Mondulkiri Tourism Development Plan 2021-2035 on 04 July 2022 at the Pichreda Hotel, Mondul...
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