In 2026, Cambodia’s real estate market continues to recover from the 2020–2023 crisis, with foreign investors once again playing a key role in its revival. Phnom Penh and Sihanoukville remain the main hubs of the market. While the capital generates more stable demand for residential properties and offices, Sihanoukville remains focused on tourism and investment real estate.
Housing prices in Phnom Penh average $1,500–3,000 per square meter, while in Sihanoukville the range can vary from $1,200 to $2,500 per square meter. At the same time, the market for premium projects has not yet fully recovered after the overheating of previous years.
Cambodian law allows foreigners to purchase apartments but prohibits land ownership, making condominiums the primary investment vehicle.
A distinctive feature of the Cambodian market is its high dependence on foreign capital. In the pre-crisis period, foreign investors accounted for up to 70–80% of demand in certain segments.
Even after the correction, Chinese investors remain the largest group of buyers, especially in Sihanoukville, where large-scale projects involving Chinese capital were previously implemented. Investors from South Korea, Singapore, and Malaysia are also present in the market.
Russians and Ukrainians have a limited presence in the Cambodian market, mainly in the form of private investments in affordable real estate or rentals; however, their share remains minimal and does not affect the overall structure of demand.
Overall, Cambodia remains a market highly dependent on foreign investors, but with a higher level of risk compared to Thailand and Vietnam.
According to Serbian Economist, MK Group plans a new investment cycle worth between EUR1 billion and EUR2 billion in 2026-2030, said the group’s CEO Mihailo Jankovic, speaking at the Kopaonik Business Forum. According to him, about EUR 1 billion is expected to be allocated to renewable energy projects, more than EUR 200 million to agriculture, and the rest to the development of the hotel portfolio and premium tourism in the region.
Thus, the publication of the program for approximately EUR 1.6 billion in energy, agriculture, and tourism is generally in line with the group’s previously announced targets. The MK Group’s official website still states that the total volume of the previously announced investment cycle is EUR 1.6 billion, including EUR 900 million for green energy, EUR 350 million for agriculture, and EUR 380 million for tourism, while the latest March announcement extends the program’s horizon to 2030 and sets the range at EUR 1-2 billion.
Jankovic linked the new round of investments to the need to strengthen domestic investment amid a weakening of external capital. He noted that in 2022-2024, the average net inflow of foreign direct investment into Serbia was around EUR 4.5 billion per year, while in the first 11 months of 2025, it fell to EUR 1.94 billion. In his opinion, in such conditions, it is large national companies that should become one of the drivers of further growth.
MK Group also emphasizes that it already has a strong position in the energy segment. The company calls itself the largest independent electricity producer in Serbia: its portfolio includes four operating wind farms with a total capacity of 200 MW, which generate about 500 GWh of electricity annually, and in the next stage, the group intends to continue investing in wind, solar, and biomass projects.
MK Group was founded in 1983 by Miodrag Kostic. After he stepped down from active management, strategic leadership was transferred to his son, Aleksandar Kostic, who is now the group’s president. The business focuses on the agri-food sector, green energy, tourism, and real estate. The group’s structure includes, in particular, the agricultural companies PIK Bečej, Flora, Agrounija, and Erdevik, the sugar division Sunoko, and the meat division Carnex.
After purchasing sugar factories in 2002, Sunoko became the largest sugar producer in the wider region, while Carnex, acquired by the group in 2011, exports meat products to 15 countries. Sunoko, in turn, has announced plans to increase sugar exports to the EU and regional markets.
https://t.me/relocationrs/2416
According to Serbian Economist, the Italian manufacturer of automotive components and electric cars Tazzari is considering the possibility of investing in Serbia and plans to start investing as early as 2026, Deputy Prime Minister and Minister of Economy Adrijana Mesarovic said in Bologna.
According to her, representatives of the company will come to Serbia in the next 15 days to continue negotiations. The minister also said that the company produces cast aluminum parts for engines, and among its clients are Ducati, Lamborghini, Maserati and Ferrari.
Mesarovic added that Tazzari is interested in conditions of access to foreign markets, including free trade agreements that Serbia has concluded with a number of countries.
Tazzari Group was founded in 1963 and specializes in aluminum casting technologies and supply of lightweight components for the automotive and motorcycle industries; the group is also developing its own lightweight electric vehicles (Tazzari Zero project).
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Investments in the construction of new generation facilities will benefit both investors and Ukraine’s energy system, emphasized Vitaliy Zaychenko, head of NPC Ukrenergo, during his online participation in a meeting of the European Business Association’s board. During the meeting, he informed representatives of Ukraine’s largest financial and industrial groups about the current situation in the energy sector and prospects for the near future.
“Since October last year, the enemy has been carrying out comprehensive attacks on energy facilities, using a very wide arsenal of weapons: from rocket artillery to guided aerial bombs, strike drones, cruise missiles, and ballistic missiles. Many power generation, transmission, and distribution facilities in most regions of Ukraine have been damaged,” said Zaychenko.
According to him, there is an acute power shortage in the energy system, which cannot yet be covered by existing generation and imports of electricity. Under these conditions, it is very important for the Ukrainian energy sector to attract private investment in the construction of power generation facilities.
As the head of Ukrenergo recalled, thanks to special auctions held by the National Energy Company, 423 MW of new generating capacity appeared in the power system over the past year.
“We are grateful to businesses that invest in projects that strengthen the stability of the energy system in such difficult conditions,” he stressed.
In addition, Zaychenko noted the importance of connecting to the common grid those generating capacities that are currently used by businesses and industry exclusively as backup power sources in case of hourly or emergency outages.
“If they were operating on the electricity market, such facilities could cover part of the power deficit in the energy system and at the same time generate profits for their owners,” he said.
According to preliminary expert estimates, the total deficit of operational generating capacity in Ukraine currently exceeds 4 GW.
According to Serbian Economist, the authorities in Injiya have confirmed that the Minth Group is moving forward with the launch of a mega-project in Vojvodina. The first stage involves land registration: part of the territory has already been purchased, and the package of documents for the remaining 210 hectares is “in the final stages.” If negotiations are completed without delay, construction could start as early as June 2026.
What has been announced about the project
According to the parameters that have been publicly discussed since 2024–2025, the project involves a plant for the production of components for the electric vehicle industry:
— investment — up to €870 million (over several years/phases),
— new jobs — about 2,200,
site size — 210 hectares, which is unusually large even by the standards of large-scale industry.
The size of the project will change the economy of the region.
For Inji, this means a jump in employment, tax base, logistics development, and demand for contractors — from construction companies to services and suppliers.
This is part of Minth’s “big package” in Serbia.
Minth already has a presence in the country: the company entered Serbia in 2018 (first production facility in Loznica, then Šabac) and is discussing expansion at several sites.
In addition to Inji, in 2025, the media reported on Minth’s additional plans for new factories and jobs in other cities in Serbia — the total scale of investment is close to billions of euros.
Serbia is consolidating its role as an industrial base for auto components.
Minth is a global supplier of auto parts and solutions for body/structural components, working with dozens of brands. For Serbia, this means strengthening its “auto cluster” and potential growth in export revenue.
At this scale, any bureaucratic delay will prolong the project by months.
Human resources and wage competition: 2,200 jobs in a single project will inevitably “pull” the labor market in the region.
Infrastructure and energy: a plant of this size will require a stable power supply, logistics, and supply chain, otherwise the effect will be lower than expected.
If the announced deadlines are met, Injiya could become one of the key points of Serbia’s industrial growth in 2026–2028, with a strong focus on components for the new automotive industry.
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Foreign direct investment (FDI) in mainland China’s economy in January-November 2025 fell 7.5% year-on-year to 693.18 billion yuan ($98.5 billion), according to the Ministry of Commerce.
The manufacturing sector attracted 171.72 billion yuan, while the services sector attracted 506.29 billion yuan.
Meanwhile, Switzerland’s FDI rose 67%, the UAE’s 47.6% and the UK’s 19.3%. FDI in November increased 26.1% year-on-year. As reported, FDI in 2024 collapsed 27.1% to 826.25 billion yuan. This is the maximum decline in the history of counting (since 2008).
