Cambodia’s Largest Construction Expo Held Once More in 2022, Jump-starting the Sector

The largest construction exhibition in Cambodia, organised by the Cambodia Constructors Association (CCA), will be held by the end of 2022 at the Diamond Island Convention and Exhibition Centre after being suspended in 2020 and held online in 2021 due to the COVID pandemic. This return to a fully-fledged event is expected to help jump-start the construction and real estate market recovery after...

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Cambodia, Japan Inaugurate Multiple Education Facilities in Battambang

Multiple infrastructure and facilities within the Battambang Provincial Teacher Education College have recently been inaugurated under the presidency of Education Minister HE Hang Chuon Naron and Japan Embassy representative Karimata Atsushi. Those facilities include an administration building with 2 floors and 29 rooms, a teaching building with 3 floors and 30 classrooms, an IT & Library b...

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Non-SEZ Investment Value at US2-billion in First two months of 2022, Over 230% Rise Y-o-Y

The number of investment projects based outside special economic zones (SEZ) that were registered with the Council for the Development of Cambodia (CDC) in the first two months of 2022 was recorded at 35 projects with a total investment of value of approximately US$2 billion. According to a recent Ministry of Economy and Finance report, the project numbers increased by 14 projects compared to t...

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Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022

During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. Meanwhile, the investment value also dropped by 88.9%. ...

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Eyes Back on Phnom Penh’s Property Market

By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies supporting property purchases in t...

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Over 1,000 Construction Sites in Angkor Park Inspected

During the first quarter of 2022, the APSARA National Authority (ANA) inspected, consulted, and provided technical assistance to home construction sites for 1029 families in Angkor Park within the Angkor Archaeological Park. According to an ANA announcement on 12 April, the inspection has been done to ensure safety and public order within the park. Before building or renovating any houses, a...

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Iron & Steel Imports Value in Q1 at US$84 million, 3.5% Y-o-Y Increase

The value of steel and steel imports in Q1 2022 was US$84 million, an increase of 3.5% compared to the same period last year, according to the three-month report of the General Department of Customs and Excise. In March alone, the value of steel and steel imports amounted to US$26.29 million, the report added. During the first quarter, the GDCE collected a total of duties of approx. US$590 m...

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Indonesia’s First High-Speed Railway to Start First Trial in November

Indonesia’s first high-speed railway connecting the country's largest cities of Jakarta and Bandung is set to begin a test run in November in time for the G20 meeting in Bali, reported GCR. After a difficult six-year construction period, the project is now at 80% completion, according to the governor of West Java province Ridwan Kamil. With test runs expected in November this year, the actua...

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Oman’s US$1bn Sustainable Tourism City Launched in Oman

Oman has officially launched the first phase of its US$1-billion mega coastal tourism city development— the Yiti Sustainable City. Spreading on over 100ha of land in Muscat, the project is being implemented by Tourism Development Company (Omran Group) and Diamond Developers. According to the firm’s press release on 30 March, the first phase will include 1,657 energy-efficient residential uni...

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Tourism Development Master Plan focuses on three main connections in Mondulkiri province

The Master Plan on Tourism Development in Mondulkiri province 2022-2035 focuses on connecting the three main means of transportation for Mondulkiri province. The sixth strategic direction of the master plan stated the connection to facilitate travel and integrate within the national and regional framework, in three ways air, waterway, and expressway connections. Currently, the Royal Governme...

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Denationalization Vs Nationalization of State Property

In Cambodia, the government has divided its property into two types: state public property and state private property. These two types of property can be reclassified through denationalization or nationalization. What are these two types of property? and how do denationalization and nationalization work? State public property refers to the immovable property of the state being used for publi...

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Gov’t plans to build standardized heavy trucks parking lots around Phnom Penh suburb

The Ministry of Public Works and Transport (MPWT) has requested Phnom Penh Hall to set up standardized parking lots for heavy vehicles and cargo trucks in Phnom Penh, especially in the suburban area. HE Min Manavy, secretary of state for the Ministry of Public Works and Transport, said on 7 April that the Ministry has paid high attention to this issue as at the moment heavy trucks are parking a...

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