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ខ្មែរ Uncategorized
IFC to Invest Over USD 37 Billion in Cambodia’s Infrastructure & Logistics by 2033
- 21 December 2024
The International Finance Corporation (IFC) has announced its readiness to explore investments exceeding USD 37 billion in Cambodia's infrastructure and logistics sectors. This ambitious initiative was unveiled during a recent high-level meeting between HE Sun Chanthol, Cambodia’s Deputy PM and First Vice President of the CDC, and Mr. Riccardo Puliti, Vice President of the IFC and leader in the Wo...
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France’s USD 192.2 Million Boost for Cambodia’s Water Infrastructure Sets a New Benchmark
- 20 December 2024
The French government has pledged a remarkable USD 192.2 million to transform Cambodia’s water infrastructure, focusing on two major projects: the rehabilitation of the Stung Svay Chek reservoir and the third phase of the Bak Kheng water treatment plant. This monumental agreement was formalised on 18 December 2024 by Cambodia's Minister of Economy and Finance, Aun Pornmoniroth, alongside key re...
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Japan Commits USD 900K to Restore Bayon Temple, Enhancing Cambodia’s Cultural Legacy
- 18 December 2024
To boost Cambodia’s cultural heritage preservation efforts, the Japanese government has pledged an additional grant of USD 900K for the Bayon Temple Preservation and Restoration Project. This funding will support a vital three-year initiative from 2025 to 2028 to revitalize the iconic UNESCO World Heritage site. The announcement was made on 13 December 2024 during a plenary session of the Inter...
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Seamless Roofing Upgrades: ISI RE-ROOFING Solutions Revolutionises Your Commercial Roofing
- 18 December 2024
Commercial properties in Cambodia are now equipped with a ground-breaking solution to address persistent roofing issues, as ISI STEEL launches its innovative ISI RE-ROOFING Solutions. This first-of-its-kind service in Cambodia allows businesses to upgrade their roofs without the need for costly and disruptive demolitions, ensuring uninterrupted daily operations. Many factories, warehouses, and ...
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Gov’t Temporarily Opens Morodok Techo Flyover’s First Floor Ahead of Khmer New Year 2025
- 18 December 2024
To enhance urban mobility and alleviate traffic congestion in Phnom Penh, the Cambodian government has announced the temporary opening of the first floor of the highly anticipated Morodok Techo Flyover ahead of the Khmer New Year celebrations in 2025. This development comes as part of efforts to facilitate smoother travel during the bustling Khmer New Year celebrations in April 2025. The announ...
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Hong Kong & Macau Plan Electric Motorcycle Assembly Plant in Cambodia, Boosting Green Transport Future
- 17 December 2024
Investors from Hong Kong and Macau, China, have announced plans to establish an electric motorcycle assembly plant in Cambodia, a move poised to accelerate the country's transition to eco-friendly transportation. The ambitious project was unveiled during a meeting on 13 December 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wang Jiawei, CEO of Glor...
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Cambodia Completes 271 Rural Road Projects in 2024, Enhancing Accessibility Across Remote Areas
- 17 December 2024
The Cambodian government has announced the successful completion of 271 rural road projects in 2024, significantly boosting transportation accessibility for remote communities. The Ministry of Rural Development presented these achievements during a year-end meeting on 9 December 2024, highlighting the construction and improvement of approximately 940.71 kilometers of double-paved roads and outlini...
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Cambodia Faces Mounting Debt Challenges in the Real Estate Sector
- 16 December 2024
The real estate sector in Cambodia is grappling with mounting financial concerns as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organized by the Real Estate and Mortgage Regulatory Authority. Mr. Chou Vannak, Director General of the Authority, revealed that homebuyers owe between USD 800 million an...
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Mekong River Bridge in Kratie Province Achieves 77% Completion, Set to Fully Operate by September 2025
- 16 December 2024
The Mekong River Bridge project in Kratie province has reached a major milestone, with 77.02% of the work completed as of December 2024. Spanning an impressive 1.761 kilometers with a width of 13.55 meters, this landmark infrastructure project is set to enhance regional connectivity and stimulate economic growth. The project also includes a 31.69-kilometre connecting road that links NR 7 (Kla S...
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Cambodia’s Public Debt Reaches USD 11.78 Billion by Q3 2024
- 16 December 2024
Cambodia’s public debt reached USD 11.78 billion by the end of the third quarter of 2024. According to a recent report by the Ministry of Economy and Finance, this debt comprises USD 11.67 billion in external debt (99%) and USD 115 million in domestic debt (1%). The external debt portfolio is diversified across multiple currencies, with 45% denominated in US dollars, 19% in Special Drawing Righ...
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