NagaCorp Chairman: NagaWorld Fully Operational Despite Further Restriction
The casino resort complex NagaWorld in Phnom Penh remains open and fully operational despite a recent spike in community transmission in Cambodia, which led to stricter safety measures and travel restrictions, according to NagaCorp Chairman Tim McNally. Tim McNally told GGRAsia that NagaWorld remains open and fully operational. He added that his casinos have adjusted […]
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Malaysia Firm Obtains Piling and Substructure Works for Entertainment Complex in Phnom Penh
Malaysian firm Econpile Holdings Berhad announced on 14 December that it has obtained an US$85.7-million piling and substructure subcontract for a large Integrated Entertainment Complex project in Phnom Penh. The company’s announcement does not specify the name of the Integrated Entertainment Complex project. However, Econpile confirms that it has received the subcontract from MCC International […]
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Is Buying Property Always Better than Renting?
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. […]
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Expert: Major Infrastructure Projects in 2021 to Focus on Green Development
Giant developer firms such as Vinci, Ferrovial, and ACS next year will shift their focuses to sustainable development by building more green infrastructure and renewable energy projects. According to an analysis by Fitch Solutions published on the Global Construction Review website on 14 December, this shift aims to follow the country’s goals to reduce CO2 […]
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75 Tunnels Completed on Laos-China Railway
The final of 75 tunnels on the 414km Laos-China mega-rail project has been completed according to contractor Laos-China Railway Company (LCRC). The final section was completed on 29 September with the Xiang Ngeun Number 3 Tunnel in Luang Prabang Province. One of the largest engineering projects in the region, it required construction of 75 tunnels […]
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) […]
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Five Hectares of Land in Boeung Kanseng Lake in Rattanakiri to Become Multi-Purpose Development
Ratanakkiri Governor Thon Saron recently led an official group to inspect and access impacts of the 5-hectare Boeung Kanseng Infrastructure Development Project in Banlung district, Ratanakkiri province. During the inspection on 14 December, HE Saron said that the 45 families affected by this project have already agreed to voluntarily remove their stalls from the sidewalk […]
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The Rise of Food Courts in Retail Spaces
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, […]
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Feasibility Study for Mondulkiri Airport to be Complete Early Next Year
The feasibility study for Mondulkiri airport is set to be complete early next year, a step towards connecting the northeastern provinces with other provinces in the country. Spokesman of the State Secretariat of Civil Aviation (SSCA) Sin Chanserivutha said the study mainly is focusing on the social and environmental impacts at this stage. “Besides the […]
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Gov’t Mulls Building Railway Connecting Phnom Penh City Centre to New Airport in Kandal
The Ministry of Public Works and Transport plans to construct a railway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province to help ease travel after the airport’s completion in 2023. Under-Secretary of States of Ministry of Public Works and Transport HE Ly Borin told Construction & Property Magazine […]
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Slowdown in Construction and Real Estate Remain ADB’s Concern, Despite 5.4% Growth Forecast in 2021
The Asian Development Bank (ADB)’s December forecast has shown that Cambodia’s economy will contract by 4% year-on-year during 2020, and the growth will rebound by 5.4% in 2021. However, the slowdown in the construction and real-estate sector is still a concern among other risks. This forecast remains unchanged compared to the September forecast by the […]
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Government Orders Developer to Reassess Environmental Impact of New Artificial Beach Project in Kampot
The Kampot provincial administration has ordered the developer to reassess the environmental impact of a new artificial beach project in Kampot province. In the meantime, the sand dredging must be temporarily halted, waiting for the new environmental impact reassessment. Kampot Governor HE Cheav Tay said that during the site inspection, the activities of digging canals […]
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