APSARA Authority Approves Over 390 Construction Projects in Angkor Park in Jan-Sept
From January to September this year, the Department of Land and Habitat Management in the Angkor Park of APSARA National Authority has given construction permits to a total of 392 families to build their new homes within the Angkor Archaeological Park. According to the announcement of the APSARA Authority on 20 October, the permissions were […]
Read More
JICA Provides US$58-million Loan Expanding SR’s Water Supply Capacity
The Japan International Cooperation Agency (JICA) in Cambodia has decided to provide an approximately US$58-million concessional loan to Cambodia for the expansion of Siem Reap’s clean water supply capacity. The loan agreement was signed virtually on 21 October between Minister of Economy and Finance HE Aun Pornmoniroth and Head of the Japan Cooperation Agency in […]
Read More
Retail Occupancy & Rental Rates Slide Further in Q3 2021: CBRE
Three new community mall projects were completed during the third quarter this year with four new international retailers joining the market, while occupancy and the rental rates continue to decline due to the pandemic pressure, according to CBRE’s most recent report. The completed retail projects are SCG Design Village, The Commune, and MC Park. Meanwhile, […]
Read More
King Officially Endorses New Investment Law
His Majesty King Norodom Sihamoni has officially endorsed the newly drafted investment law. The Royal Decree on endorsing the Investment Law of Cambodia was dated 15 October and was published on 21 October. The draft was discussed by the government and parliament discussed and approved it in September. The law consists of 12 chapters and […]
Read More
Transport Minister Urges US Firms to Engage More in Infrastructure Development
The Minister of Public Works and Transport HE Sun Chanthol has placed high hopes on the US private sector gradually becoming further involved in the Kingdom’s infrastructure development, by urging US firms to consider bidding for more public projects in Cambodia. HE Sun Chanthol made the remarks in an online meeting on 20 October with […]
Read More
Newly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy […]
Read More
Kandal Authority Issues Warning on Shutting Down Unorganised Construction Materials Transport Businesses
The Kandal provincial administration has issued a warning that it will shut down sand, rock, and other construction materials transportation business that were found violating laws and regulations, in particular within the boundaries of Khsach Kandal and Lvea Em districts. Kandal Province Deputy Governor HE Nop Tara said during a meeting on 18 October that […]
Read More
Special Teams Established to Re-Inspect Quality of SHV 34-Road Project Before Handover
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has set up four special working groups to re-inspect the quality and defects of the construction of Sihanoukville’s 34-road renovation project before the official handover. MLMUPC Undersecretary of State HE Ly Raksmey said during a follow-up meeting on 19 October that the project will be […]
Read More
Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited […]
Read More
124 New Industrial Projects Registered During First Three Quarters of 2021
The Ministry of Industry, Science, Technology, and Innovation registered a total of 124 new industrial projects during the first three quarters of 2021, reflecting strong private sector confidence in Cambodia’s economy despite the ongoing pandemic. The new industrial projects registered bring total active industrial factories to 1,843 with a total investment of US$1.3341 billion, HE […]
Read More
Prince Bank Provides 100% Home Loan for Samraong Village Project
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first […]
Read More
China’s Urban Planning Institute Helps Cambodia Develop SHV into a Multi-Purpose SEZ
The Ministry of Economy and Finance (MEF) and the Urban Planning and Design Institute of Shenzhen (UPDIS) have signed a master plan consultancy contract agreement, whereby the institute will provide services in preparing a master plan to transform Sihanoukville into a multi-purpose special economic zone. The agreement was signed on 18 October virtually between MEF […]
Read More