Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks
Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]
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Land Grant Initiative for Poor Families in Stung Treng Province
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. […]
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Twin Skybridge Along 60-metre Road at Intersection of NR 2 45% Complete
The construction of a twin sky bridge along the 60-metre road at the intersection of National Road 2 is progressing well, with the project now 45% complete. The site was officially opened for construction on 17 June 2024, as part of efforts to enhance traffic flow between Phnom Penh and Kandal province. According to a […]
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Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment
In a ground-breaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]
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Japan Enhances Education Infrastructure in Cambodia with USD 20 Million Investment
In a significant boost to Cambodia’s educational landscape, Japan has announced a generous contribution of nearly USD 20 million to construct new school buildings in the Pursat and Banteay Meanchey provinces. This commitment underscores Japan’s ongoing support for Cambodia’s development efforts, particularly in enhancing access to quality education for its youth. At a recent signing […]
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Techo International Airport Nears Completion: A New Gateway to Cambodia
In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country’s skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including the Passenger […]
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Government Revives Stalled Projects in Sihanoukville
The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totalling an investment capital of USD 564 million. This initiative is part of the ongoing effort to revitalise the coastal region and encourage the resumption of major developments. During the 13th meeting on the “Special Program to Promote Investment in […]
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Cambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024
In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government’s ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee […]
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Transforming Kampong Thom: Cambodian Government’s Vision for a Thriving Tourism Hub
The Cambodian government aims to transform Kampong Thom province into a vibrant tourism hub by establishing two special working groups to prepare a comprehensive tourism development plan. This initiative highlights the province’s rich cultural heritage, historical significance, and abundant natural resources, particularly due to its central location in Cambodia. The announcement was made during a […]
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Two Kratie Province Roads Near Completion: Boosting Tourism and Transport
In exciting news for Kratie province, the long-awaited rehabilitation and upgrade of two major roads, totalling nearly 48.59 kilometres, are now 93% complete. This project, which extends from the roundabout in Preap (S) Kratie City to Sandan commune in Sambo district, is set to significantly enhance travel and transportation in the area. According to the […]
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Sihanoukville Autonomous Port Sees Striking Growth in 2024 Revenues
In a year of remarkable achievements, the Sihanoukville Autonomous Port has emerged as a standout performer in Cambodia’s logistics sector, with projected earnings exceeding USD 110 million in 2024. According to a recent report from the Ministry of Public Works and Transport, this impressive financial leap marks a growth of over 24% compared to last […]
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Chinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026
In a significant commitment to renewable energy in Cambodia, HK OASIS Power Energy Development Co., Ltd. has vowed to complete the construction of a 150-megawatt wind power station in Mondulkiri province by 2026. This pledge was made by Mr Wang Junwei, the company’s representative, during a meeting with HE Chea Vuthy, Secretary General of the […]
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