Battambang Authority to Build New Independence Monument, Park, & Night Market
The Battambang Provincial Administration will soon build a new Independence Monument, Samdech Krala Hom Park, and Battambang Night Market to attract more tourists, according to the meeting on 29 November 2022. Battambang Governor HE Sok Loo stated that the project will be built on the old site of the Battambang Night Market and Food Street. […]
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Four New Investment Projects Worth US$171.9m Approved for Sihanoukville
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$171.9 million in establishing a 5-star hotel and three factories in Sihanoukville. The first firm is MARITIME CITY CO., LTD, which will invest US$164, 4 million in the construction and operation of a 5-star hotel (582 rooms) and an […]
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PP Authority to Speed Up Work on 2035 Draft Land Use Masterplan
The Phnom Penh Capital Administration has decided to revise the master plan for land use in Phnom Penh in 2035 to facilitate the systematic issuance of land titles to the people as soon as possible, said PP Governor Khuong Sreng on 29 November. He said that the masterplan is not only helpful for the issuance […]
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Ministry of Justice to Launch Commercial Court in 2023
The Ministry of Justice plans to launch Cambodia’s first commercial court in 2023 to resolve trade disputes and to build confidence for both local and foreign investors in Cambodia. The Ministry of Justice, in collaboration with the Asian Development Bank in Cambodia, organised a symposium on “Establishment of the Cambodian Commercial Courts” on 29 November […]
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Four Firms Conducts Feasibility Studies on PP-SR Expressway Project
Four companies are now conducting feasibility studies on the construction of an expressway between Phnom Penh to Siem Reap province. Minister of Public Works and Transport HE Sun Chanthol said on 29 November that the result of the study is expected to be completed soon. “I believe that in the future we will have the […]
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National Assembly Approves Draft Budget for 2023
The National Assembly on Tuesday approved the draft budget law 2023 under the chairmanship of Kittisethabindit Cheam Yeap, Acting President of the National Assembly. According to the draft law of budget bill 2023, the government plans to spend 39,206,205 million riels, equivalent to US$9.6 billion, equivalent to 29.87% of GDP, an increase of 13% compared […]
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Construction of New Siem Reap Hospital Building Over 28% Complete
Construction of a new hospital building in Siem Reap funded by JICA has reached 28% completion and is scheduled for opening in September 2023, according to an inspection by HE Mam Bun Heng, Minister of Health, on 28 November. The minister said Japan’s assistance in the construction of hospital buildings and the installation of modern medical […]
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Construction of Mekong River Bridge in Kratie to Begin Soon
The construction of the new Mekong River bridge in Kratie province is set to begin soon, according to the official discussion on 28 November chaired by HE Lim Sidenin, Secretary of State of the Ministry of Public Works and Transport. HE Lim Sidenin said the meeting allowed the firms to present the results of the […]
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ASEAN MAYORS FORUM 2022 to Focus on Building Smart Cities
Cambodia will participate in the ASEAN MAYORS FORUM 2022, which brings together representatives from about 80 cities and provinces in the ASEAN region and more than 30 major cities outside ASEAN. This forum will be held on December 2 and 3, 2022 in Phnom Penh. PP Governor HE Khuong Sreng said that this year’s ASEAN […]
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1,175 Construction Projects Approved in Q3 2022
In Q3 of 2022, the government approved a total of 1,175 construction projects, an increase of 147 projects or 14.3% compared to the same period last year, according to the economic and financial statistics bulletin for the third quarter of 2022. Among all projects, residential, villa, industrial, and public construction saw an increase in number […]
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Total Construction Loans Stand at US$4bn; Real Estate at US$10bn as of Q3 2022
As of the third quarter of 2022, loans provided by banks in the construction sector totalled approximately US$4.28 billion, an increase of 19.1% y-o-y. Meanwhile, credit given to the real estate sector was at around US$10 billion, also up by 34.1% year on year. According to the economic and financial statistics bulletin for the third […]
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UN Urges Cambodia to Strengthen Road Safety
The UN Special Envoy for Road Safety has urged Cambodia to strengthen road safety measures through the implementation of multiple projects, emphasising that road safety is still a challenge in Cambodia. The concern was raised during the meeting between Special Envoy of the United Nations HE Jean Todt with Minister of Public Works and Transport […]
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