Three Cambodian International Airports to Have Major System Upgrades
Three international airports in Cambodia will soon have a major system upgrade as the operator Cambodia Airports has recently inked a deal with renowned Spanish IT provider Amadeus to bring in a new management system called Amadeus Flow. With the new approach, Cambodia Airports can temporarily reallocate resources not in use. One example would be […]
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at […]
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Gov’t Sets Up New Inter-Ministerial Committee to Evaluate Request to Establish New Villages
Prime Minister Hun Sen has decided to set up a new inter-ministerial working group to study and evaluate all proposals for the establishment of new villages nationwide, according to an official government announcement on 22 April. Secretary of State of the Ministry of Interior HE Leang Vy has been appointed as the chairman, with a […]
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least […]
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ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional […]
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New Kampot Concrete Bridge Set for Completion End of 2021
Construction of the Samdech Techo Troeuy Koh concrete bridge in Kampot city connecting Troeuy Koh and Andong Khmer communes is scheduled to be completed by the end of 2021, according to the Kampot provincial administration on 28 April. Kampot Governor HE Cheav Tay said during the site inspection that his office has been urging the […]
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Analysts Question ADB’s Property & Construction 2021 Growth Forecast
The Asian Development Bank (ADB) on 28 April released a report forecasting that the Cambodian economy will grow by 4% in 2021 and 5.5% in 2022, while the construction and real estate sectors are also expected to recover from last year’s contraction. This growth forecast is indeed a positive sign. However, given the current lockdown […]
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Residents Near Sites of Siem Reap Road Sites Urged to Connect to State Water System
The Siem Reap Provincial Administration has urged citizens and business owners living nearby the construction sites of the 38-road renovation project to apply for connection to the state water system now or at least before the construction is complete. According to the official announcement on 27 April, as the 38-road project also includes rearrangement of […]
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Kampong Speu to Have Safe New Open-Air Market as COVID-19 Positive Cases Surge
The Kampong Speu provincial administration has decided to set up a temporary open-air market inside Oknha Chhuon Kimsan’s land plot in downtown Kampong Speu to prevent the spread of COVID-19, as more positive cases are found in the province. According to the official announcement on 28 April, the market will have a total of 200 […]
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How Can Foreigners Buy Land in Cambodia?
The 1993 Cambodian Constitution states that only persons or legal entities of Khmer nationality have the right to own land. However, this law does not prohibit foreigners from investing in land in Cambodia. So, how can foreigners buy land in Cambodia? 1) Through Khmer National Nominee This method allows a foreigner to buy land by […]
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Poipet Casinos Ordered Closed as Community Outbreak Surges
The Banteay Meanchey Provincial Administration has ordered the temporary closure of all casinos in Poipet as more COVID-19 positive cases are found in the province, according to an official announcement on 27 April. There were 171 cases of COVID-19 reported in the province on Tuesday, prompting authorities to issue the temporary closure notice. According to […]
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ADF Helps Cambodia Develop a Long-Term Energy Trajectory-Modelling Tool
Agence Française de Développement (AFD) has provided €300,000 to help Cambodia develop a long-term energy trajectory-modelling tool, according to a press release early this month. The fund is provided through a program entitled “Energy Sector Modelling Tool for the Ministry of Economy and Finance of the Royal Government of Cambodia”, with the aim to support […]
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