Uncategorized

Cambodia Unveils Modern National Assembly Building with USD25 Million Vietnamese Aid

Cambodia has inaugurated a modern National Assembly administration building with a USD 25 million aid package from Vietnam. The ceremony, held on 21 November 2024, was attended by Samdech Khuon Sodary, President of Cambodia’s National Assembly, and HE Tran Thanh Man, President of the National Assembly of Vietnam, symbolizing the enduring friendship between the two nations. The 12-storey buildin...

Read More

Chinese Firm Proposes Oxygen Supply Systems & Nursing Homes in Cambodia

Henan Taiyi Medical Technology Co., Ltd., a prominent Chinese medical equipment manufacturer, has unveiled plans to collaborate with Cambodia's Ministry of Health to install oxygen supply systems in public hospitals and establish nursing homes nationwide. The proposal, aimed at strengthening the country's healthcare infrastructure, was discussed during a meeting on 18 November 2024 between HE P...

Read More

Japan Invests Over USD 40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD 40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Okhna Association and the Japan-Cambodia Association...

Read More

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee Changkeun from Chung-Ang Universit...

Read More

ARK Electronics Group Unveils USD 1.3 Billion AI-driven Industrial Park Project in Kampong Speu

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD 1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK Electron...

Read More

Cambodia Approves Over USD 5 Billion in Investments Across 346 Projects in 10 Months of 2024

Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over USD 5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country's strengthened economic environment, according ...

Read More

Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks

 By Sean O'Neill Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by the visionary 19th century urban planner Ildefons Cerda. Demchak zoom...

Read More

Saudi Arabia’s Mukaab: Ground Broken on World’s Largest Building​ 

Construction is now officially underway on the Mukaab, a monumental 400-metre-high supertall skyscraper in Riyadh set to become the world's largest building. Located at the heart of the 19-square-kilometer New Murabba development, the Mukaab will rise with cube-shaped dimensions, featuring 400-meter-long edges, and stand as a centerpiece of Saudi Arabia’s capital. The New Murabba Development Compa...

Read More

Cambodia Records USD 505m in Iron & Steel Imports, Showing Gradual Recovery of Construction Sector

Cambodia imported iron and steel products worth USD 505 million in the first ten months of 2024, a significant 65% increase compared to USD 305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD 52.5 million, marking a 105% rise from USD 25.4 million in October 2023. Iron and steel acc...

Read More

Chinese Firm Targets Cambodia for Large-Scale Durian Cultivation & Processing Hub

Zhengzhou Chen's Sun, a prominent Chinese company, has announced plans to invest in Cambodia's durian cultivation and processing facilities, aiming to enhance the country’s agricultural export capabilities. This ambitious project was a key focus during a meeting between PM Hun Manet and Xuemei Chen, Chairman of Zhengzhou Chen's Sun, on 6 November 2024 in Kunming, Yunnan Province, China. Ms. Xue...

Read More