Estatedia | Economy & Real Estate Media in Cambodia

National road no. 48

Project Name: National road no. 48 ​ Staus: 31% completion (Last update) Location: Koh Kong province Highlight The groundbreaking ceremony on January 3, 2022, under the high presidency of Samdech Techo Prime Minister, signified the start of construction for this 148-kilometer road, extending from the intersection of National Road No. 4, km 141 + 750 […]

Koh Kong’s new Riel 12B port a boon for regional economic development

PHNOMP PENH: Today, H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport, along with His Excellency, Lok Chumteav, Chairman of the Provincial Council, Governor of the Province, officials, local authorities, citizens, and students attended the official inauguration ceremony of Dang Tong Port in Khemarak Poumin city, Koh Kong Province. Dang Tong Port […]

$78M national road no. 48 project nearing one-third completion mark

PHNOM PENH: The Ministry of Public Works and Transport recently assessed the progress and technical aspects of the National Road No. 48 construction project, which involves the ILSUNG & HANIL Joint Venture and KCI & KECC Joint Venture’s technical team. As of June 22, the project has been completed by 31.1%, indicating that it is […]

Cambodia earns over $2B from tourism in 2022

PHNOM PENH: Cambodia’s tourism sector generated total revenue of $2,065 million last year. This figure was shared by the Ministry of Tourism in a report made public during a recapitulative meeting held here at the Sokha Phnom Penh Hotel yesterday, adding that it represents 3.6 percent of the country’s Gross Domestic Product (GDP). Of the […]

Siem Reap’s 38 new roads upgrades project boost regional economy

PHNOM PENH: Siem Reap province is set to experience a massive infrastructure upgrade with the construction of 38 new roads stretching 108.74 km in length. Projected to cost around $149.216 million,  involves technical inspection by nine inter-ministerial working groups to guarantee timely completion and the long-lasting durability of the construction work. This ambitious project is […]

Cambodia’s major cities considered as a member of TPO

PHNOM PENH: Cambodia‘s major cities including Phnom Penh, Sihanoukville, Siem Reap, and Battambang cities are considered and evaluated to become members of the Tourism Promotion Organisation for Asian-Pacific Cities (TPO). The news was shared by Mr. WOO Kyoung-ha, Secretary General of TPO in his recent meeting with H.E. Thong Khon, Minister of Tourism here in […]

Cambodia and China trade surpasses $5B in five months

PHNOM PENH: According to the Ministry of Commerce, the total value of bilateral trade between Cambodia and China reached over $5 billion in the first five months of 2023. Cambodia’s exports to China include products such as garments, footwear, travel accessories, bags, and some agricultural products. In return, China imports major commodities such as automobiles, […]

Cambodia to adopt pentagon strategy for more development

PHNOM PENH: Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, this afternoon said that the next Royal Government will adopt the Pentagon Strategy for more national development. “The next Royal Government will launch a new political program, so-called the Pentagon Strategy, not Rectangular Strategy anymore,” the Premier said […]

Philippines explores more tourism cooperation with Cambodia

PHNOM PENH: The Philippines is exploring more cooperation on tourism with Cambodia, especially on the resumption of a bilateral agreement, expansion of direct flight connection, exchange of Mutual Recognition Arrangement on Tourism Professionals (MRA-TP), ecotourism development, and health tourism promotion. The intention was unveiled by H.E. Mrs. Esperanza Christina Garcia Frasco, Secretary of the Department […]

Cambodia invests billions of dollars in expressway projects

PHNOM PENH: Cambodia is investing billions of dollars in a series of expressway projects, with the goal of improving transportation and boosting economic growth. The first expressway, the Phnom Penh-Sihanoukville Expressway, was inaugurated in November 2022. The 187-kilometer expressway cost $2 billion to build and is expected to reduce travel time between the two cities […]

Cambodia to add sixth cement factory to meet growing demand

PHNOM PENH: Prime Minister Hun Sen announced that Kampong Speu province will soon have a new cement factory with an annual capacity of 2 million tonnes. Speaking at a get-together with about 18,000 factory workers in Kampong Speu this morning, Samdech Techo Hun Sen underlined that the province has seen much development and now ranks […]