ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu
ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]
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Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth
Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]
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Cambodia Enforces Nationwide Closure of Illegal Border Crossings to Combat Transnational Crimes
The Cambodian Ministry of Interior has ordered the immediate closure of all illegal border crossing points across the nation, implementing stringent measures to enhance border security and address cross-border crimes. Effective from 13 November 2024, the directive mandates provincial governors in border regions to enforce these measures, with accountability measures in place to ensure compliance. […]
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Cambodia Welcomes Over 7.8 Million Tourists During Three-Day Water Festival
Cambodia’s Royal Water Festival in 2024 attracted an impressive 7,844,388 tourists over three days, with Phnom Penh leading as the top destination, receiving 6,292,187 visitors. This remarkable turnout underscores the festival’s significance as a cornerstone of Cambodia’s cultural heritage, according to a report shared by Samdech PM Hun Manet on 18 November 2024. Of the […]
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Cambodia Approves Over $5 Billion in Investments Across 346 Projects in 10 Months of 2024
Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over $5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country’s strengthened economic environment, […]
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Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks
By Sean O’Neill Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by […]
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Saudi Arabia’s Mukaab: the World’s Largest Building Breaks Ground
Construction is now officially underway on the Mukaab, a monumental 400-metre-high supertall skyscraper in Riyadh set to become the world’s largest building. Located at the heart of the 19-square-kilometer New Murabba development, the Mukaab will rise with cube-shaped dimensions, featuring 400-meter-long edges, and stand as a centerpiece of Saudi Arabia’s capital. The New Murabba Development […]
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Cambodia Construction Expo 2024 to Showcase Over 2,000 Products and Services on 5-7 December
The Cambodia Construction Expo 2024, a cornerstone event for the nation’s construction industry, is set to take place from 5 to 7 December 2024, promising to be a key driver of industrial growth. Organised by the Cambodia Constructors Association (CCA), the three-day exhibition will feature hundreds of domestic and international companies showcasing over 2,000 products […]
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Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
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China Construction America Ordered to Pay USD 1.6bn Over Conflict of Political Interests
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay USD 1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas after the contractor was found to have committed “many acts of fraud” during its takeover […]
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Cambodia Launches National Committee to Oversee Forest Protection Land Grant Program
In a landmark effort to promote sustainable development, His Majesty King Norodom Sihamoni has signed a Royal Decree (No. នស/រកត/១១២៤/១៤១២) to establish a National Committee tasked with implementing the Forest Protection Land Grant Program. This initiative aims to provide social land concessions to homeless individuals and impoverished families for housing and agriculture while safeguarding forests […]
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Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference
The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024 to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided a platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, highlighting […]
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