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ខ្មែរ 
Oman’s US$1bn Sustainable Tourism City Launched in Oman
- 18 April 2022
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
- 12 April 2022
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
- 12 April 2022
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
- 12 April 2022
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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Canada to build multibillion-dollar hyperloop train linking 2 major cities
- 11 April 2022
French Canadian firm TransPod says it has already raised US$550 million for its multibillion-dollar project to build an ultra-fast vacuum tube link between Calgary and Edmonton, reported GCR. The money was raised from UK project finance group Broughton Capital and Chinese state-owned industrial trading company China-East Resources Import & Export. If it is built, the hyperloop would whis...
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Gov’t approves four investment projects worth US$31M in PP, SHV, & Svay Rieng
- 11 April 2022
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest in four projects worth over US$31 million in Phnom Penh, Sihanoukville, and Svay Rieng. The first company is Covered Bridge Cabinetry Manufacturing Co., Ltd. investing US$8.8 million in building a furniture factory in Sihanoukville. The second company is SDJC STEEL AND WIRE (CAMBODIA) PRODUCTS...
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Japan to help ASEAN develop carbon capture & storage technologies
- 11 April 2022
Japan plans for ASEAN nations to develop carbon capture and storage technologies as its vision for a zero-emissions Asian community. According to the Nikkei Asia report, Asian economies are still reliant on cheaper but carbon-intensive coal, thus carbon capture and storage projects are highly needed to them reduce emissions. Those technologies include carbon capture and storage as well as ca...
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Mondulkiri tourism development master plan 2021-2035 officially launched
- 11 April 2022
The National Committee for Tourism Development officially disseminated and launched the "Master Plan For Mondulkiri Tourism Development 2022-2035” which is a guiding document for the development of the tourism sector in the Northeastern area of the country. Held on April 11, the official dissemination was presided over by HE Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finan...
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World’s skinniest skyscraper completed in New York
- 9 April 2022
The world’s skinniest skyscraper in the world located in New York City— Steinway Tower or111 West 57th Street— has been completed and is ready for residents to move in. This luxurious apartment tower has a height of 435m, 24 times of its width, with a total of 84 floors and over 530,000 sqm of floor space. Developed by JDS Development Group and Property Markets Group with a cost of US$2 bill...
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Engineers ordered not to construct or dismantle unlicensed buildings, or face fine
- 8 April 2022
The Ministry of Land Management, Urban Planning and Construction has instructed engineers registered with the Board of Engineers of Cambodia not to carry out construction work at sites that do not have permits for construction, repair, or demolition from authorities. According to the announcement of the ministry dated 8 April, the implementation of construction work without permit(s) is illegal...
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Five foreign firms eyes resuming oil extraction in Cambodia after KrisEnergy fails
- 8 April 2022
Five foreign companies from different countries have been interested in resuming the oil extraction operation in Block A and exploring other oil blocks in Cambodia after KrisEnergy announced bankruptcy last year. HE Cheap Sour, Director General of the General Department of Petroleum, Ministry of Mines and Energy, said on Friday 8 April that those five companies are from China, Malaysia, Kazakhs...
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How does the rise of new players affect the Borey market in Cambodia?
- 8 April 2022
In the last six months, there were 39 new Borey projects launched, while the total accumulative Boreys is projected to rise to over 300 by the end of 2022, and to 400 by 2023, according to CBRE Cambodia’s recent report. The most interesting fact about this surge in the number of Borey despite the pandemic is that almost half of the new Borey developers above are all new players. This trend w...
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