US$50 million Chinese-funded Tbong Khmum Hospital Set for Completion Late This Month
Construction of the US$50-million Cambodia-China Friendship Tbong Khmum Hospital is set for completion on 30 November this year, according to a site inspection by of Minister Social Affairs, Veterans and Youth Rehabilitation HE Vong Sot on Friday 12 November. HE Vong Sot said that the hospital will be the largest in the province and will provide the most up-to-date medical services to locals wi...
Read MoreCambodia Builds Over 15,000km of Roads & 20 Bridges Since 1998, says Transport Minister
Since 1998, Cambodia has built over 15,000km of paved roads and 20 major bridges across the Mekong, Tonle Sap, and Tonle Bassac rivers. Minister of Public Works and Transport HE Sun Chantol made this remark during the ASEAN Transport Ministers Meeting on Friday 12 November. “Since Cambodia achieved peace and stability in 1998 the country has managed to construct 15,000km of paved, national, ...
Read MoreQuarantine Requirements Removal to Help Jump-Start Real Estate Market, say Experts
Real estate experts have expressed optimism toward the government’s new policy regarding the removal of quarantine requirements for fully vaccinated travellers entering Cambodia, citing that it is a good sign for the real estate market, but the positive impacts remain limited. Prime Minister Samdech Hun Sen on 14 November announced that from 15 November onward fully vaccinated travellers enteri...
Read MoreSamraong Village Mockup Units Completed, Set for Official Launch Soon
The construction of the mockup shophouse units of the renowned Samraong Village residential project have been completed and are now open for visits by the public with the official launch to be hosted in the near future. Though the project has not yet been officially launched, all the shophouses and linked villas located along NR5 have sold out. Samraong Village is the largest modern communit...
Read MoreNational Assembly Unveils Architectural Design of New Administrative Building
The National Assembly of Cambodia unveiled the architectural design on 13 November of the new administrative building worth over US$25 million, with bidding for construction contractors now open. According to the image, the new administration building has a modern style with green building features. The new building will be located as a paired building with the current building designed in a tr...
Read MoreTotal of 146 QIP Japanese Investment Projects Worth Over US$2.8 billion Registered
As of October 2021, the Council of the Development of Cambodia (CDC) has approved 146 Japanese qualified investment projects (QIP) with a total investment value of US$2,853 million. The figures were shared in a workshop on dissemination of the newly-endorsed investment law held on 11 November organised by the CDC with the aim of attracting more Japanese investors. Of the approved investment ...
Read MoreChestertons to launch real estate agency office in Cambodia
Chestertons, a British 216-year-old agency estate agency chain, has announced the “next stage” of its global expansion, with a new office launch in Asia. The acquisition of Phnom Penh-based Focus Property Co marks the firm’s first foray into this “key, fast-growing” market, ahead of a planned expansion across the region, according to a press release on November 10. The launch of Chestertons ...
Read MoreCDC Approves 14 Investment Projects Worth Over US$544 million
The Council for the Development of Cambodia (CDC) has recently approved permits to private firms to invest a total of US$544.8 million in establishing 14 factories in Phnom Penh, Kampong Speu, Preah Vihear, Sihanoukville, Kandal, Battambang, Pursat and Koh Kong. According to a CDC announcement on 12 November 2021, those firms include: 1. RMA AUTOMOTIVE (CAMBODIA) CO., LTD, which will invest ...
Read MorePhnom Penh Authority to Rehabilitate Road System Across Three Outskirt Districts
The Phnom Penh Municipal Administration has broken ground on a project to rehabilitate 6km of road crossing three districts on the outskirts of Phnom Penh including Por Senchey, Kambol and Prek Pnov. Phnom Penh Governor HE Khuong Sreng said during the groundbreaking ceremony on Friday 12 November that this rehabilitation project is due to the damage caused by floods during the past two years. ...
Read MoreGov’t Approves US$3-million Budget for Construction of SHV Administration Building
The Sihanoukville Provincial Administration will build a new administrative building worth over US$3 million to facilitate the workflow of the office as the province is a destination for investment and tourism. Prime Minister of Cambodia Samdech Techo Hun Sen said during the inauguration ceremony of the Ministry of Land Management, Urban Planning and Construction in early November that the US$3...
Read MorePM Hun Sen: No More Internet Service Provider Monopolies in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered an end to internet service provider monopolies in Boreys and revoke all the previous exclusivity agreements signed by related parties. The statement of PM Hun Sen was repeated by the Minister of Posts and Telecommunications HE Chea Vandeth at a press conference on 04 August. “Deals to allow only one exclusive internet service provider in B...
Read MoreMong Reththy Group Builds Large-Scale Animal Feed Processing Plant in SHV
M’s Pig ACMC Cambodia, a subsidiary of the Mong Reththy Group, broke ground on a new large-scale animal feed processing factory located in Prey Nob district in Sihanoukville. Once launched, the factory will be able to produce approximately 18,000 tons per month and will help farmers by collecting agricultural products as raw materials for processing. The groundbreaking ceremony was held on 1...
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