French & Italian Airports Join Hands to Launch Electric Air Taxi Company

A group of airports in Italy and France have launched a company to jointly study the feasibility of electrically powered vertical take-off and landing (VTOL) vehicles in Europe, reported GCR. Called Urban Blue, the company is jointly owned by airports in Rome, Venice, Bologna and Nice. The initial aim is to study the operation feasibility of the vertiport network as well as the technical and fi...

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Dedicated Developers Rise Strong & Proud at 6th PropertyGuru Cambodia Property Awards

The nation’s most exceptional companies and projects honoured at real estate awards programme’s first virtual gala celebration • Urbanland dominates the 2021 edition of the awards with titles that include Best Developer and Best Housing Development (Cambodia) • Other top awardees include Sophea Suites Co., Ltd; Mekong Land Development Co., Ltd; and The Peninsula Capital Co., Ltd, representin...

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Gov’t to Build Standardised Parking Lots in SR & Connect 20,000 houses to Sewer System

Prime Minister Samdech Hun Sen has approved an additional budget of nearly US$4 million for Siem Reap’s 38-road renovation project to build parking lots on NR6 and connect nearly 20,000 houses to the sewer and water system free of charge According to a press conference regarding the project’s progress on Saturday 14 November, the parking lots will be arranged along NR6 starting from the Royal R...

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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...

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Cambodia 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, ...

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Quarantine 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...

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Samraong 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...

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National 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...

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Total 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 ...

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Chestertons 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 ...

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CDC 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 ...

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Phnom 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. ...

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