Transport Minister Urges US Firms to Engage More in Infrastructure Development
The Minister of Public Works and Transport HE Sun Chanthol has placed high hopes on the US private sector gradually becoming further involved in the Kingdom’s infrastructure development, by urging US firms to consider bidding for more public projects in Cambodia. HE Sun Chanthol made the remarks in an online meeting on 20 October with the delegation from the ASEAN-US Business Council (US-ABC). ...
Read MoreNewly Approved Development Master Plan Enables Siem Reap to Build More Infrastructure
The Cambodian government has officially announced the implementation of the Siem Reap Tourism Development Master Plan 2021-2035. Through the master plan, the government will focus on the development of infrastructure to create well-connected means for the tourism sector. The official launch ceremony was held on 20 October under the presidency of HE Aun Pornmoniroth, Deputy Prime Minister and Mi...
Read MoreKandal Authority Issues Warning on Shutting Down Unorganised Construction Materials Transport Businesses
The Kandal provincial administration has issued a warning that it will shut down sand, rock, and other construction materials transportation business that were found violating laws and regulations, in particular within the boundaries of Khsach Kandal and Lvea Em districts. Kandal Province Deputy Governor HE Nop Tara said during a meeting on 18 October that the business of transporting sand, soi...
Read MoreSpecial Teams Established to Re-Inspect Quality of SHV 34-Road Project Before Handover
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has set up four special working groups to re-inspect the quality and defects of the construction of Sihanoukville’s 34-road renovation project before the official handover. MLMUPC Undersecretary of State HE Ly Raksmey said during a follow-up meeting on 19 October that the project will be ready to be handed over to the Sih...
Read MoreUrbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited supply available of sought-after unit types. Set to lau...
Read More124 New Industrial Projects Registered During First Three Quarters of 2021
The Ministry of Industry, Science, Technology, and Innovation registered a total of 124 new industrial projects during the first three quarters of 2021, reflecting strong private sector confidence in Cambodia’s economy despite the ongoing pandemic. The new industrial projects registered bring total active industrial factories to 1,843 with a total investment of US$1.3341 billion, HE Heng Sokkon...
Read MorePrince Bank Provides 100% Home Loan for Samraong Village Project
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
Read MoreChina’s Urban Planning Institute Helps Cambodia Develop SHV into a Multi-Purpose SEZ
The Ministry of Economy and Finance (MEF) and the Urban Planning and Design Institute of Shenzhen (UPDIS) have signed a master plan consultancy contract agreement, whereby the institute will provide services in preparing a master plan to transform Sihanoukville into a multi-purpose special economic zone. The agreement was signed on 18 October virtually between MEF Secretary of State HE Phan Pha...
Read MoreGolden Portugal Opportunity With Golden Gate Global
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
Read MoreGroundbreaking Date of New Offshore Koh Tonsay Port Rescheduled to November
The groundbreaking date of a new tourism port on Koh Tonsay has been postponed from October to early November 2021 due to heavy rains. A statement signed by HE Suy San, Secretary of State of the Ministry of Public Works and Transport dated 18 October to the Kep provincial governor, stated that Vimean Chey Group Co Ltd will start construction of the tourism port in Koh Tonsay Island on 1 Novembe...
Read MoreUS$4-million Investment Project Approved for Kampong Speu
The Council for the Development of Cambodia (CDC) has recently given a permit to a private firm to invest US$4 million in building a garment factory in Kampong Speu province. The firm, Garment (Cambodia) Co., Ltd, will establish a garment factory in Serey Phat village, Po Angkor commune, Bor Seth district. According to the CDC, the project will help create 1,034 jobs for local people. Dur...
Read MoreHLH Enters Joint Venture with HSC to Explore Mineral Resources in Kampong Speu
Singaporean firm HLH Group has signed a joint venture agreement with HSC Group to explore and mine mineral resources at the Cambodia-Singapore Agriculture Hub in Kampong Speu province reported Business Times. The HSC Group will obtain local regulatory approval required for the mining operation, which is estimated to commence from the following months, the group said in a bourse filing on Monday...
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