CDC Approves 149 Japanese Investment Projects as of August 2022
The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment of about US$2.9 billion as of August 2022. The report was presented at the 24th Meeting of the Cambodia-Japan Joint Committee held on 7 September. The event was co-chaired by CDC Secretary-General HE Sok Chenda Sophea and […]
Read More
New Phnom Penh Police Commissariat Buildings Worth Over US$14m Inaugurated
Two new Phnom Penh Police Commissariat Buildings worth over US$14 million were officially inaugurated under the presidency of Deputy Prime Minister and Minister of Interior Samdech Sar Kheng on 8 September. The first building is an administrative building that is 40m wide and 50m long with a total area of 20,000sqm and 10 floors. The […]
Read More
NR48 Expansion Project 10% Complete as of August
The renovation and expansion of NR48 connecting Sre Ambel district and Khemarak Phoumin city in Koh Kong province is over 10% complete after multiple months of construction since early 2022. Heang Sotheayuth, a spokesperson for the Ministry of Public Works and Transport, confirmed on 8 September that by the end of August, the construction to […]
Read More
Developer to Establish Zero-Carbon, Car-Free City in Kuwait
Dubai-based developer URB plans to build a zero-carbon, car-free city in Kuwait to accommodate up to 100,000 residents, according to GCR. Located on a 16-sq-km site, south of Kuwait, the city named XZero would recycle all its water and waste. The city will host over 30,000 homes powered by renewable energy and fitted with sensors […]
Read More
CSX: Royal Railway Eligible to Apply for Bond Listing
The Cambodia Securities Exchange (CSX) has approved in principle that Royal Railway Plc, a subsidiary of the Royal Group, is eligible to apply for bond listing. However, to complete the bond listing process, Royal Railway must follow more conditions to get approval from the Securities and Exchange Regulator of Cambodia and meet further listing requirements […]
Read More
Cambodia Signs US$600m in New Concessional Loans in H1 2022
The Cambodian government has signed new concessional loans with development partners worth approximately US$635 million in the first semester of this year, accounting for 30% of the ceiling permitted by law. 61% have been signed with bilateral development partners and 39% signed with multilateral development partners, according to the Cambodia Public Debt Statistical Bulletin issued […]
Read More
Chip Mong 271 Mega Mall to Open on 12 September
Chip Mong 271 Mega Mall will open to the public on Monday 12 September, showcasing multiple renowned international and local brands with restaurants, clothing, and electronics as well as many other products and services. With an investment of over US$150 million from Chip Mong Retail, the Chip Mong 271 Mega Mall has partnered with many […]
Read More
Gov’t Approves Over 100 New Investment Projects Worth US$3.4bn in First 8 months of 2022
In the first eight months of 2022, the Council for the Development of Cambodia (CDC) approved more than 100 investment projects worth approximately US$3.4 billion. According to the CDC’s reports obtained by Construction & Property News, these projects help create over 63,000 jobs for people in the areas where the projects are located. Those projects […]
Read More
Major New Road in Stung Treng Officially Inaugurated
A newly built major road in Borey O’Svay Senchey district in Stung Treng province was officially inaugurated under the presidency of Governor Svay Sam Eang on Tuesday 6 September. This road is a DBST type with a length of over 10km and a width of 7m (Provincial Road No. 379A). The road is equipped with […]
Read More
Cambodia’s renowned hospitality group Shinta Mani to launch in first property aboard in 2023
Cambodia’s renowned hospitality group Shinta Mani has partnered with Kathmandu-based Sherpa Hospitality Group to open the first Shinta Mani hotel outside of Cambodia. The 29-suite Shinta Mani Mustang – a Bensley Collection luxury lodge is scheduled to open on 1 March 2023. Designed by Bill Bensley, Shinta Mani Mustang perches high above the town of […]
Read More
OCIC & Malaysian Association Expand Cooperation in Boosting Construction & Real Estate Sector
Overseas Cambodian Investment Corporation (OCIC) and Malaysia Retail Chain Association (MRCA) have signed more MoUs to boost their respective lines of business in Cambodia. According to the OCIC announcement on 5 September, the cooperation will help expand both parties’ businesses including shopping centers, aviation, satellite city development, real estate development, construction and construction supplies, hotels […]
Read More
NBC to issue US$25 million Government bond on September 7
The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per […]
Read More