US$230-million 45-storey Chip Mong Tower Building Topped Off
Chip Mong Group held a topping-off ceremony on Friday 14 January for the 45-storey Chip Mong Tower, an international mixed-use commercial building with an investment of US$230 million, located along Russian Blvd in Phnom Penh city. Neak Oknha Leang Khun, Co-Founder and Chairman of Chip Mong Group, said that the completion of the structure to the top of the 45-floor building is an important achi...
Read MoreCambodia Refines Nearly 1,500kg of Gold Ore in 7 Months
Australian firm Renaissance Limited (Cambodia), which received a license to operate Cambodia’s first commercial-scale gold mining in Mondulkiri province, has refined nearly 1,500kg of gold ore in seven months. The amount of gold ore was presented by HE Suy Sem, Minister of Mines and Energy during a hand-over ceremony of the ministry’s building to the National Committee for Disaster Management, ...
Read MoreExpert: Industrial & Logistics Sectors Most Attractive Market for 2022 Despite Uncertainty
CBRE Cambodia Managing Director James Hodge said that the industrial and logistics sectors will be the most attractive market in 2022 although other real estate sub-sectors and the overall market remain under pressure and uncertainty. Mr Hodge added that due to external factors caused by the pandemic, even though Cambodia has already reopened the country, the return of foreign investors remains...
Read MoreResidential Demand Slowly Returns to Sihanoukville
By Eric Wong Chon Lap Sihanoukville has brought some life back, after the Cambodian government decision to lift the ban on flights from other countries, and having to depend solely on the domestic market for almost two years. While there may not be a large number of tourism or business traveler arrivals to the city and surrounding islands, it is the beginning of preparations for the country’s r...
Read MoreLand Ministry: Over 2,300 High-Rise Buildings Constructed Nationwide as of 2021, Indicating Rapid Growth
In 2021, there were 212 buildings with five storeys and up registered in Cambodia, and from 2000 to 2021, there were 2,392 buildings with five storeys up. According to a report by the Ministry of Land Management, Urban Planning and Construction, there are 148 buildings from 5 to 9 floors, 50 buildings from 10 to 19 floors, 13 buildings from 20 to 29 floors, and a building from 30 floors to 39 f...
Read MoreDraft Sub-decree on Engineer Ethics Being Finalised, Set to be Enforced Soon
The Ministry of Labour and Vocational Training is finalising the draft of the sub-decree on engineer ethics before submitting it to the cabinet for review and approval. The progress meeting was held on 11 January and chaired by HE Ith Sam Heng, Minister of Labour and Vocational Training. According to the minister, the draft of the sub-decree is made to enhance the integrity and responsibilit...
Read MoreMore than 200 five-story high buildings registered in 2021
In 2021, there were 212 buildings with five stories up registered in Cambodia, and from 2000 to 2021, there were 2,392 buildings with five stories up. According to a report of the Ministry of Land Management, Urban Planning and Construction, there are 148 buildings from 5 to 9 floors, 50 buildings from 10 to 19 floors, 13 buildings from 20 to 29 floors, and a building from 30 floors to 39 floor...
Read MoreMPWT to Manage & Monitor Infrastructure Construction Projects Through One-Stop App
The Ministry of Public Works and Transport (MPWT) is speeding up the development of a new app called `PR Care’, aiming to integrate and systemise all data of infrastructure construction projects nationwide into a single online system for more effective management. Minister of Public Works and Transport HE Sun Chanthol chaired a meeting on Wednesday 12 January to follow up on the app development...
Read MoreNine Investment Projects Worth US$43 million Approved for PP, Kandal, SHV& K. Speu
The Council for the Development of Cambodia (CDC) has given permits to nine private firms to invest in building production factories worth over US$43 million in Phnom Penh, Kandal, Sihanoukville, and Kampong Speu. According to the announcement on 12 January, there are seven projects approved out of SEZs including: 1. COMO APPAREL CO., LTD establishing a garment factory in Ampil village, Sang...
Read More4,303 Construction Projects Worth US$5.3bn Approved in 2021, 31% Drop Y-o-Y
The Ministry of Land Management, Urban Planning and Construction approved 4,303 construction projects worth US$5.33 billion in 2021, a drop of 31.21% compared to 2020. The ministry stated that the approved construction projects covered a total area of 12.99 million sqm. Among the approved projects, 388 construction permits (10.4 million sqm) worth US$4.2 billion were approved by the ministry...
Read MoreAeon goes beyond retail business, establishing Cambodia’s first multifunctional logistics centre
Beyond the retail business with three large shopping malls in Cambodia, a Japanese firm Aeon Mall (Cambodia) Co Ltd has now expanded its business to the logistic market with a plan to establish Cambodia’s first multifunctional logistics centre in Sihanoukville in 2023. According to its press release issued on 11 January, the Aeon Mall (Cambodia) Co Ltd has established a subsidiary called Aeon M...
Read MoreKOICA Provides US$316 million in Grant Aid to Cambodia Over 30 Years
Over the past 30 years from 1991 to 2021, the Korea International Cooperation Agency (KOICA) has provided a total of US$316 million grant aid to Cambodia, contributing to socio-economic development. The remarks were made by Country Director of KOICA Cambodia Office Hyunjun Rho in an online meeting held on 11 January with HE Chhieng Yanara, Minister Attached to the Prime Minister and Secretary o...
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