ROK interested in Cambodia’s logistics sector
PHNOM PENH: The Republic of Korea (ROK) has been committed to enhancing and strengthening bilateral relations and cooperation with Cambodia, particularly in the field of logistics. The commitment was made by H.E. Dr. PARK Jung-Wook, Ambassador of ROK to Cambodia, while paying a courtesy call on H.E. Sun Chanthol, Senior Minister and Minister of Public […]
Cambodia-China friendship bridge: $57M Infrastructure sparks regional economy and investment
PHNOM PENH: The Cambodia-China Stung Trang-Krouch Chhmar Friendship Bridge project is a significant infrastructure development that connects Kampong Cham-Tbong Khmum province with a total length of 1,131 meters and a width of 13.50 meters, which is an essential addition for a structure crossing the Mekong River. The bridge begins in Boeung Deng village, Prek Kak […]
CAIC, Singapore’s firm partner in providing MRO service at Techo international airport
PHNOM PENH: Cambodia Airport Investment Co., Ltd. (CAIC) and Singapore’s SIA Engineering Company Limited (SIAEC) have entered an agreement to form a line maintenance joint venture at the Techo International Airport (TIA) which is scheduled to operate in 2025. The agreement was signed here on May 30 by Oknha Dr. Pung Kheav Se, Chairman of […]
Techo international airport scheduled to commence early 2025
PHNOM PENH: The Techo International Airport (TIA), whose construction is about 50 percent complete now, is scheduled to commence in early 2025. Mr. Charles Vann, Director of Cambodia Airport Investment Co., Ltd. (CAIC), mentioned the construction progress at the signing ceremony of the MRO (Maintenance, Repair, and Overhaul) joint venture agreement at Techo International Airport […]
Russey Keo flyover boosts trade and investment in Cambodian capital
PHNOM PENH: Samdech Techo Hun Sen, Cambodia’s Prime Minister, will officially inaugurate the Russey Keo flyover tomorrow, making it the 6th flyover in the capital city. Constructed by OCIC at a cost of approximately $9.7 million and taking 15 months to complete, this concrete cable-stayed bridge spans a total length of 483 meters and has […]
Phnom Penh to officially inaugurate two significant infrastructure projects
PHNOM PENH: The concrete cable-stayed bridge extending across the Tonle Sap River and the Russey Keo flyover is scheduled to be officially inaugurated by Samdech Techo Hun Sen, Cambodia’s Prime Minister, on May 30-31, 2023. In preparation for the ceremony, the Phnom Penh Capital Administration has announced the temporary suspension of all vehicle traffic across […]
Expert: Mega projects are expected to boost the real estate sector in the near future
PHNOM PENH: According to an expert, the real estate industry in Cambodia is expected to make a swift recovery following the announcement of major infrastructure projects. President of the CVEA (Cambodian Valuers and Estate Agents Association), Mr. Sorn Sieb, stated in an interview with CNC that the government’s investment in transportation infrastructure projects will lead […]
Cambodia and UK to establish a joint trade and investment forum
PHNOM PENH: On May 26, Cambodia’s Minister of Commerce, H.E. Pan Sosak, and the UK Ambassador, H.E. Dominic Williams, signed an MoU to establish the Cambodia-UK Joint Trade and Investment Forum. The forum’s opening ceremony was attended by around 40 people, including representatives from various relevant institutions and the Cambodian-British Chamber of Commerce. The Minister […]
Wing Banks now offer bancassurance services
PHNOM PENH: Wing Bank entered into a bancassurance partnership with Infinity General Insurance Plc, which aims to distribute various general insurance products through the established distribution network of Wing Bank. This partnership between Wing Bank and Infinity will allow Wing customers to benefit from numerous bancassurance services, such as receiving risk analysis, expert insurance advice, […]
CDC signs important MOU with the wealthiest association
PHNOM PENH: On the morning of May 25th, 2023, the Council for the Development of Cambodia (CDC) and the Cambodian Oknha Association (COA) signed a Memorandum of Understanding aiming to promote and enhance trade and investment activities in the Kingdom of Cambodia. The MoU was signed by H.E. Sok Chenda Sophea, Minister Delegate to the […]
CDC approved new investment projects worth $28 million for Sihanoukville
PHNOM PENH: Mr. Long Dimanche, Deputy Governor of Preah Sihanouk Province and Deputy Chairman of the Preah Sihanouk Provincial Investment Sub-Committee attended a meeting on May 23, 2023, chaired by H.E. Sok Chenda Sophea, Minister Delegate to the Prime Minister and Secretary-General of the Council for the Development of Cambodia (CDC). This meeting’s purpose is […]