Gov’t Designates Two Mountains as Natural Heritage Sites
The Ministry of Environment (MoE) has designated two natural mountains in Kampot as natural heritage sites to protect their ecosystems for the benefit of all generations, according to Sub-Decree No.12 and Sub-Decree No.13 dated 22 January 2021. The first site is Preah Kuhear Mountain, which has a total area of 25 hectares and is located […]
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Recent Infrastructure Renovation in SR and SHV Tip of the Iceberg for Future Masterplans
According to a local analyst, the infrastructure renovation projects such as the 34-road project in Sihanoukville and the 38-road project in Siem Reap are just the model or small parts of the government’s future master plan to enhance infrastructure nationwide. President of the Cambodia Valuers and Estate Agents Association (CVEA) Chrek Soknim said in a […]
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MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021
The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. […]
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US$30 million 26-storey Office Building Topped Off
The 26-storey Maritime Tower office building has been topped off and is expected to open for operation within this year, according to the developer’s announcement during the topping off ceremony on 26 January. Located along 60m Road, the project is an investment and development by Maritime Asset, a subsidiary of the Maritime Group with an […]
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, […]
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Gov’t Starts Demarcating Land for Battambang Airport Renovation Project
Battambang local authorities have already started demarcating and registering land ownership at the Battambang airport site while waiting for the actual renovation project to begin soon. Battambang Deputy Governor of Province Soeum Bunrith said on January 25 that the demarcation is being done both in Sangke district and Battambang city for future reconstruction. “People who […]
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Japan Hands Over New US$30million Facilities to Teacher Education Colleges
The new facilities and other infrastructure at the Phnom Penh and Battambang Teacher Education Colleges, which were built using the Japanese aid grant of over US$30 million, have been completed and handed over. According to a Japan International Cooperation Agency (JICA) announcement on 25 January, the handover ceremonies of the buildings were held separately. One […]
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Prince Real Estate Group Unveils New Shopping Mall Project in Phnom Penh
Renowned Chinese firm Prince Real Estate Group signed an investment agreement on 25 January to establish a new shopping mall in the middle of Phnom Penh, named Prince Square. Located in the Prince International Plaza complex along the Russian Blvd nearby the old Phnom Penh Water Park, Prince Square will be a four-story mall with […]
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NR10 Connecting Battambang to Koh Kong 43% Complete
After 12 months of construction, NR 10 linking Battambang to Koh Kong province is now 43.75% complete and scheduled to be open for traffic by 2023, according to the inspection of the Secretary of State of the Ministry of Public Works and Transport HE Bong Bun Hourn on 24 January. During the inspection, he also […]
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Chinese Firm Helps Strengthen Safety on NR5
Jiangsu Guoqiang Galvanization Industrial Company (JSGQ) has begun supplying road safety products on about 80km section of the NR5 construction, which is scheduled for completion in July 2021, according to a recent report in PRNewswire. The supply began since mid-January, the same source stated. The project is a part of the China-Cambodia Belt and Road […]
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Private Firm to Lease State Land in Koh Kong for Aquaculture Investment
Koh Mongkol Ratanak Sambath Co., Ltd has proposed leasing 369 hectares of state land in Sre Ambel district of Koh Kong province to invest in a large aquaculture project at a meeting between the firm and the Koh Kong provincial administration on 21 January. According to the firm, the project will be implemented in three […]
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Private Firm Plans to Build Water Treatment Plant in Koh Kong
ANCO Water Supply is planning to construct a new water treatment plant on a 330-hectare plot in Kiri Sakor of Koh Kong province, in response to rapid growth in demand. According to the official website of the Koh Kong Provincial Administration on 21 January, the project is currently under review, and officers from the Koh […]
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