Property News Roundup 27th January 2025

27 January 2025 | Posted in News

We’re delighted to share the weekly news highlights below.

  1. Industrial sector tipped to lead economic growth, with 8.6% increase

Cambodia’s industrial sector is projected to grow by 8.6% in 2025, leading the country’s economic growth, which is expected to reach 6.3%. This growth is driven by both garment and non-garment manufacturing, supported by political stability and investment reforms. The services sector is forecasted to grow by 5.6%, while agriculture will see a modest 1.1% increase.

January 20th 2025 | The Phnom Penh Post | Link: https://t.ly/V_-dZ

  1. Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy

Sweden’s largest glove manufacturer, HESTRA, has opened a new factory in Phnom Penh’s Royal Special Economic Zone. This marks the first Swedish venture in Cambodia’s glove industry, with an investment of around USD 600,000 and the creation of approximately 200 jobs. The factory’s inauguration highlights Cambodia’s growing appeal as an investment hub and is expected to significantly impact the local economy.

January 20th 2025 | Construction & Property | Link: https://t.ly/-Dlk1

  1. Serei Sophorn Welcomes the New 11 hectares of Landfill

Serei Sophorn has inaugurated an 11-hectare landfill on January 17, 2025, as part of a Phase 2 initiative to enhance urban environmental management around Tonle Sap Lake. Supported by a concessional loan from the Asian Development Bank, the project aims to serve around 128,208 residents and is expected to remain operational until 2040. This development is seen as a significant step towards improving waste management and public health in the region.

January 21st 2025 | Construction & Property | Link: https://t.ly/kiu2y

  1. Cambodia’s car tyre export up almost 130 pct in 2024

Cambodia’s car tyre exports surged by nearly 130% in 2024, reaching a value of $874.6 million, up from $380.6 million in 2023. This significant growth is attributed to successful export promotion efforts and increased market access through agreements like the Regional Comprehensive Economic Partnership (RCEP) and bilateral free trade agreements with China, South Korea, and the UAE.

January 21st 2025 | Khmer Times | Link: https://t.ly/OlxQ1

  1. SEZs continue to drive investment, 10 new zones approved in 2024

In 2024, Cambodia approved 10 new Special Economic Zones (SEZs) with a total investment capital of approximately $850 million. These SEZs are expected to create around 4,000 jobs and significantly boost the manufacturing sector, which attracted 69% of the total investment. The government’s policies and strategic location have made Cambodia an attractive destination for investors.

January 22nd 2025 | The Phnom Penh Post | Link: https://t.ly/J5qvl

  1. Cambodia spents $2.69 bln on oil, gas imports in 2024

In 2024, Cambodia spent $2.69 billion on oil and gas imports, marking a 12% increase from the previous year. The country imported $1.41 billion worth of diesel fuel, $946 million of petroleum oil, and $334 million of petroleum gas. This rise in imports reflects Cambodia’s growing energy needs and reliance on external sources for fuel.

January 22nd 2025 | Khmer Times | Link: https://t.ly/4RWH5

  1. NBC, Visa agree to streamline cashless payments via KHQR codes

The National Bank of Cambodia (NBC) and Visa have agreed to streamline cashless payments using KHQR codes. This collaboration aims to enhance the efficiency and security of digital transactions, making it easier for consumers and businesses to adopt cashless payment methods. The initiative is expected to boost financial inclusion and support the growth of Cambodia’s digital economy.

January 23rd 2025 | Khmer Times | Link: https://t.ly/pYTQo

  1. In 2024, Cambodia welcomed an impressive 6.24 million air passengers

In 2024, Cambodia welcomed 6.24 million air passengers, reflecting a significant recovery in the aviation sector. This growth is attributed to the easing of travel restrictions and the expansion of air connectivity. The increase in air traffic highlights Cambodia’s rising popularity as a tourist destination and its improving infrastructure.

January 23rd 2025 | Khmer Times | Link: https://t.ly/-1V3d

  1. Kampot International Tourism Port to be put into official use in April

The Kampot International Tourism Port, located in Teuk Chhou district, is set to be officially operational by April 2025. This port, spanning 4.5 hectares, aims to enhance Cambodia’s tourism infrastructure and boost the local economy by improving connectivity to the southern islands and other international destinations. The project, funded by the Asian Development Bank, is expected to create job opportunities and increase tourism revenue.

January 24th 2025 | Khmer Times | Link: https://t.ly/1uuia

  1. Chinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026

HK OASIS Power Energy Development Co., Ltd. has committed to completing a 150-megawatt wind power station in Mondulkiri province by 2026. This project, announced during a meeting with Cambodian officials, aims to boost the country’s renewable energy capacity and meet the growing demand for clean electricity.

January 24th 2025 | Construction & Property | Link: https://t.ly/sdpj9

 

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