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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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In Nine Months, Cambodia Secures Over USD 1 Billion in Credit Agreements to Drive National Development
- 13 December 2024
Cambodia’s government signed new credit agreements totaling USD 1.07 billion in the first nine months of 2024, representing a 7% increase compared to last year. These funds support key development priorities, including infrastructure and economic productivity. This progress was detailed in a Ministry of Economy and Finance report released on 10 December 2024. In the third quarter alone, the ...
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Bentley Systems: Open Data Ecosystems to Advance Infrastructure Engineering
- 12 December 2024
At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its ann...
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Over 20 Years South Korea Provides Over USD 2 Billion in Loans Boosting Cambodia’s Infrastructure Development
- 11 December 2024
South Korea has provided over USD 2 billion in loans to Cambodia over the past two decades, significantly advancing key sectors such as transportation, healthcare, irrigation, and water supply. The funding, channeled through the Economic Development Cooperation Fund (EDCF), has played a pivotal role in Cambodia’s economic growth and infrastructure modernization. This milestone underscores South Ko...
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Sixteen U.S. Investment Firms Explore Cambodia’s Technology, Agro-Industry & Education Sectors
- 11 December 2024
In a major boost to Cambodia’s economic landscape, 16 leading U.S. investment companies visited Cambodia from 9 to 13 December 2024 to explore investment opportunities in technology, agro-industry, and education—sectors poised for significant growth. The delegation’s visit, marked by high-level meetings with government officials and business leaders, highlights Cambodia’s rising profile as an attr...
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Cambodia Issued New Wastewater Law Outlining Strategic Plan for Wastewater System Development to Ensure Sustainability
- 11 December 2024
The Cambodian government has identified five priority areas to advance the planning and development of wastewater systems, a key initiative aimed at boosting public welfare and ensuring environmental sustainability. The announcement follows the enactment of the Law on Wastewater System on 22 November 2024, a comprehensive legal framework comprising 16 chapters and 113 articles. The priority are...
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