Construction Sector Thrives: Ministry Approves 3,207 Projects Worth US$5.4 Billion in 2023
In 2023, Cambodia’s construction landscape witnessed a remarkable surge, with the Ministry of Economy and Finance (MEF) greenlighting a total of 3,207 construction projects, collectively valued at US$5.4 billion. This data, unveiled in a report by the Ministry, highlights a significant stride in the nation’s development trajectory. The report indicates a notable shift in construction […]
Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors
Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signaling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah […]
Construction Begins on Quảng Trị’s $580 Million Deep-water Port After 4-Year Delay
Construction of the long-awaited Mỹ Thủy deep-water port project in Quảng Trị Southeast Economic Zone finally commenced on Monday, following a four-year delay, according to Vietnamnews, 26 March 2024. Approved by the Prime Minister on January 4, 2019, with a total investment of VNĐ14.2 trillion (US$580 million), this project is of paramount importance to Quảng […]
Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet City, Svay Rieng Province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
Malaysia’s KSI Strategic Institute Proposes ASEAN Economic Club and Investment Events in Cambodia
Malaysia’s KSI Strategic Institute, led by President Tan Sri Michel Yao, has unveiled plans to establish the ASEAN Economic Club and explore investment opportunities in Cambodia. This announcement follows a meeting between Samdech PM Hun Manet and Mr. Tan Sri Michel Yao on April 8, 2024. During the discussion, Mr. Tan Sri Yao outlined the […]
CHN ENERGY Plans US$1 Billion Investment in Renewable Energy Projects in Cambodia
China’s leading energy company, CHN ENERGY, has unveiled plans to invest a staggering $1 billion in the development of renewable energy projects in Cambodia. The announcement came following a productive meeting between HE Suon Sophal, Deputy Secretary General of Cambodia’s Investment Committee, and Mr. I Seang, a representative of CHN ENERGY Enterprise, on April 8, […]