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ខ្មែរ 
Borey Market Robust Despite COVID-19, Sale Prices Rise 8 to 13% in Q3
- 13 October 2021
Despite the prolonged 20 February community outbreak incident, the Borey market in Cambodia remains robust, with sale prices up by 8 to 13% in Q3 from the previous quarter. According to a report by CBRE Cambodia on 12 October, 22 new projects were launched and three projects were completed in this quarter, bringing the total supply as of Q3 to almost 93,000 units, a 0.5% q-o-q. With this tre...
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EU Provides US$17 million for Cambodia’s Rural Infrastructure Development
- 13 October 2021
The European Union through the Europe Investment Bank (EIB) will provide a €15 million grant aid (approximately US$17 million) to Cambodia for rural infrastructure development. The grant is part of the project to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT), according to a press release issued on 4 October. SAAMBAT is a US$120 ...
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Draft Master Plan to Digitalise Cambodia’s Transport Sector on Track
- 13 October 2021
Work on drafting a master plan to digitalise Cambodia’s public works and transport sector is on track, as a special working group of the Ministry of Public Works and Transport (MPWT) is accelerating the progress. MPWT Secretary of State HE Chhuon said during the follow-up meeting with relevant officers on 12 October that to date the working group has already achieved the collection of documents...
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Condo Prices & Rents in Q3 Drop by 1.8% to 7.8% Q-o-Q
- 13 October 2021
The condominium market in Cambodia during Q3 of 2021 remains under pressure from the COVID-19 pandemic, with both sale prices and rental rates dropping significantly compared to the previous quarter. According to a report by CBRE Cambodia on 12 October, sale prices dropped by 1.8%, 3%, and 2.1% for affordable, mid-range, and high-end types respectively. Meanwhile, rental prices also decreased b...
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Construction of ADB-funded landfill in Kep 90% complete
- 12 October 2021
Construction of an 8-hectare landfill in Prey Thom commune of Kep city has been over 90% completed as of September 2021, while the completion date will be delayed from October this year to early next year. According to a report from the Kep Provincial Administration, the landfill project is being built under an ADB loan under the ADB’s Greater Mekong Sub-region Tourism Infrastructure for Inclus...
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Construction materials import value up by 20% in first 8 months of 2021
- 12 October 2021
During the first eight months of 2021, the import value of all goods to Cambodia (except gold) was recorded at US$14.6 billion, an increase of 26.7% compared to the same period last year, while the construction materials import value also jumped by 23.7% y-o-y. According to a report from the Ministry of Economy and Finance, the rise in the total import value was due to the increase in imports o...
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Bentley Systems and SMRT Trains Collaborate to Improve Safety and Reliability of Metro Rail Services in Singapore
- 12 October 2021
The world’s leading infrastructure engineering software company Bentley Systems and renowned Singaporean Mass Rapid Transit (MRT) operator SMRT cooperation’s business arm Strides Engineering have signed MoU to jointly market a rail predictive maintenance solution in the Asia Pacific region. The MOU establishes a partnership between the two companies that combine strong technology expertise and ...
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CDC Approves Three Investment Projects Worth Over US$12m for PP & K. Speu
- 12 October 2021
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest over US$12.6 million in establishing three factories in Kampong Speu and Phnom Penh. The first company is Lastingwinner Garment (Cambodia) Co., Ltd, which will invest US$4.2 million to set up a garment factory on NR3, Lvea village, Ang Popel commune, Kong Pisey district, Kampong Speu province...
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Japan Provides US$72 million in Grant Aid for Six Development Projects in Cambodia
- 12 October 2021
The Japanese government has agreed to provide approximately US$72.1 million in grant aid to Cambodia for six development projects, with US$57.6 million used for the Siem Reap Water Supply Expansion Project (Phase II) and the rest for five economic and social development projects. An Exchange of Notes for this aid agreement was signed on 11 October between Deputy Prime Minister HE Prak Sokhonn a...
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Construction of Chip Mong Sen Sok Mall Over 90% Complete, Set to Open in December
- 11 October 2021
Advertorial The construction of Chip Mong Sen Sok Mall is now over 90% complete and is slated to open by December this year. President of Chip Mong Retail Arnaud Dufresne said that as of October, 90% of the mall has been occupied by various well-known brands. "With an area of 40,000 square metres and 4 floors, Chip Mong Sen Sok Shopping Mall comprises of various sections including a super...
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NagaWorld Reopens for COVID-19 Vaccinated Guests
- 11 October 2021
NagaWorld Casino has reopened to COVID-19 vaccinated guests. The reopening comes after the giant casino in central Phnom Penh temporarily closed in April due to the February 20 Community Incident. NagaCorp said its subsidiary NagaWorld reopened on 15 September with permission from Cambodia’s Ministry of Health. With the service resuming, NagaWorld has set up a gaming venue, restaurant and ho...
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US$9.2 billion Needed for 2022-2024 Public Investment, 44% for Infrastructure Development
- 11 October 2021
At least US$9.2 billion will be needed to implement a total of 673 public investment projects from 2022 to 2024, while 44.2% will be allocated for infrastructure development. According to a Council of Ministers press release on 8 October 2021, of the total projects, 185 projects are ongoing which demands about US$5.8 billion, while another 488 projects are new and require a budget of US$3.3 bil...
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