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ខ្មែរ Uncategorized
Cambodia Greenlights Over US$4bn in New Projects, Shows Remarkable 186% Surge in Eight Months
- 24 October 2023
Cambodia is experiencing a remarkable surge in construction activities, as the Ministry of Land Management, Urban Planning, and Construction recently unveiled an astounding approval of more than US$4 billion for over 2,367 new construction projects. This phenomenal achievement represents an impressive 186% increase compared to the corresponding period in 2022, underlining the nation's resolute com...
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Transforming Koh Tonsay: Tourism Port Reaches the Halfway Mark on the Road to Progress
- 23 October 2023
The enchanting allure of Koh Tonsay Island, nestled more than 4 kilometers off the shores of Kep province, is on the brink of transformation. The construction of the much-anticipated tourist port on this pristine island has reached a significant milestone, with completion now standing at an impressive 50%, marking remarkable progress since the project commenced at the end of 2021. Mr. Vao Sokha...
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RCCU, German Technology Transforms River Cleanup in Phnom Penh: 800 Tons of Waste Collected Within a Year
- 23 October 2023
River Clean Clean Up (RCCU) initiative in Phnom Penh has employed cutting-edge German technology to extract a remarkable 800 tons of garbage from the Mekong, Bassac, and Tonle Sap rivers. This monumental achievement is complemented by the deployment of specialized boats equipped with advanced data collection capabilities, featuring drones and smart cameras empowered by Artificial Intelligence (AI)...
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Chinese Bicycle Company Commits to Expanding Cambodian Factory to Match Shenzhen Headquarters in China
- 23 October 2023
SHENZHEN XIDESHENG Bicycle Co., Ltd. (XDS), a leading Chinese bicycle manufacturer, has revealed ambitious plans to expand its Bavet-based factory, matching the scale of its headquarters in Shenzhen. This exciting news emerged during a pivotal discussion between Cambodia's Deputy Prime Minister and first Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and Ms. Chuqia...
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United States to Launch US$600bn Infrastructure Initiative Across Eurasia to Rival China’s Belt & Road Initiative
- 23 October 2023
In a move set to reshape global economic dynamics, the United States, in collaboration with India, Saudi Arabia, the United Arab Emirates, the European Union, and other G20 partners, has unveiled a transformative mega-project estimated at over US$600 billion. This ambitious initiative aims to establish a comprehensive economic and trade network that will rival China's monumental "One Belt One Road...
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MOC & Chinese Investors Association Forge Tripartite Vision: Advancing Tourism, Education & Investment
- 22 October 2023
The Ministry of Commerce of Cambodia and the Chinese Investors Association came together on 17 October 2023, to ink three pivotal Memorandums of Understanding (MoUs) in Beijing. These agreements aim to bolster various sectors, including tourism, education, and investment, within the burgeoning Sihanoukville Special Economic Zone. The visionary MoUs were jointly signed by Lok Chumteav Cham Nimol...
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Bentley Systems Announces Seequent’s Acquisition of Geothermal Simulation Leader Flow State Solutions
- 22 October 2023
Combines Seequent’s Geological Modeling with Flow State Solutions’ Geothermal Simulation Software SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Seequent, The Bentley Subsurface Company, has signed an agreement to acquire Flow State Solutions, an industry leader in geothermal simulation software. The...
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Cambodia & Germany Forge Alliance for Enhanced Waste Management
- 21 October 2023
In a significant step towards improving urban aesthetics and environmental sustainability, Cambodia and Germany have joined forces to strengthen the nation’s waste management strategy. The Ministry of Environment and the German Agency for International Cooperation (GIZ) have embarked on a collaborative project titled "Green Initiative for Chakra Economy for Sustainable Waste and Solid Waste Manage...
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Chinese Railway Company Commits Over US$5bn for Ambitious Cambodian Railway Network Expansion
- 21 October 2023
China Railway Construction Corporation (CRCC) is poised to propel Cambodia's infrastructure development forward with a colossal investment exceeding US$5.3 billion, spanning a total of 53 strategic projects. The Chairman of the Board of Directors of CRCC, Mr Wang Jianping, unveiled this ambitious vision during an audience with Cambodian Prime Minister Hun Manet in Beijing on 17 October. The foc...
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Vietnam’s Multibillion-Dollar Investment Fuels Development in the Triangle Area Bordering Cambodia & Laos
- 20 October 2023
Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 3.731 billion. This significant commitment is embodied in a multitude of 122 projects, reaffirming Vietnam's dedication to regional development. The declaration emerged during a gathering of the National Assembly delegation represent...
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