Veng Sreng’s first modern office tower set to open in November
ISI Tower, part of the KMH Park masterplan development along Veng Sreng Boulevard, is set to serve as one of the first contemporary office buildings for businesses in the area from November this year. Developed by award-winning home-grown real estate developer Urbanland, the new ISI Tower is the only commercial office tower of its kind in Veng Sreng and Chom Chao. Fronting Veng Sreng Boulevard,...
Read MoreTurkish Investors Seek Investment Opportunities in Cambodia
Turkish investors are seeking opportunities in various sectors in Cambodia, while the construction sector has also been selected in the prioritised list, according to the Cambodia Chamber of Commerce. The remarks were made during a Cambodia-Turkey Business Forum held virtually on 15 September. The forum was jointly organised by the Ministry of Foreign Affairs and International Cooperation, t...
Read MoreThree Investment Projects Worth Over US$8 million Approved for Pou Senchey & Angk Snuol Districts
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest US$8.5 million in building three news factories in Kandal and Phnom Penh. The first investment permit has been granted to New T&K Textile Co., Ltd to invest US$2 million to build a garment factory in Trapeang Krasaing village, Sangkat Trapeang Krasaing, Khan Por Senchey, Phnom Penh. Th...
Read MoreOCIC Mulls Building New Water Pumping Station in Koh Norea
The Overseas Cambodia Investment Corporation (OCIC) has unveiled a plan to build a new water pumping station in Koh Norea satellite city to supply all the development works. OCIC proposed the project in a meeting to HE Long Naro, the newly appointed Director-General of Phnom Penh Water Supply Authority on Tuesday 14 September. Touch Samnang, Deputy President of OCIC, said on Wednesday that t...
Read MoreAs of 2021, Cambodia has Nine Registered Automotive & Automotive Component Factories
As of 2021, Cambodia has a total of nine registered automotive and automotive component factories worth over US$61 million, according to the Ministry of Industry, Science, Technology, and Innovation. The ministry’s data showed that the investments are from Japan, China, South Korea, Thailand, and a local company. Of the total factories, two factories are automotive factories with a total inv...
Read MoreChbar Ampov Administration to Build New 30-metre-wide Road in Sangkat Preaek Pra
The Khan Chbar Ampov administration will construct a new 30-metre-wide road connecting the end of the concrete road in Ou Andong 1 village to Preaek Pra canal in Ou Andong village in Sangkat Preaek Pra, according to an announcement dated 15 September 2021. The Khan Chbar Ampov administration has already set up a joint working group and will start the demarcation work from 17 September onward. ...
Read MoreConstruction of Two Major Bridges Connecting to Koh Norea Over 14% Complete
Construction of two major bridge projects, one of which connects Koh Pich city to Koh Norea and another connecting Koh Norea to NR1, on average are over 14.7% complete as of September, according to Koh Norea Project Manager Men Poly. Mr Poly told Construction & Property Magazine on Wednesday that the bridge connecting Koh Norea to NR1 is only 2.5% complete, while the other connecting Koh Pi...
Read MoreKoh Norea Development Project 48% Complete, First Phase Set for Completion in 2023
Construction of the main infrastructure for the US$2.5-billion Koh Norea development project remains on track despite the pandemic, as of September 2021, reaching an average of 48% competition. Project General manager Men Poly told the Construction & Property Magazine on Wednesday 15 September that there are five main parts of the construction, each of which has different progress. “The ...
Read MoreChip Mong Land Acquires Granferte Tower, Marking its First Entry into the Serviced Apartment Sector
One of Cambodia's leading real estate developers Chip Mong Land has recently expanded its business territory into the serviced apartment sector for the first time after it successfully acquired Granferte Phnom Penh from Leopard 21. The acquisition transaction was completed on Wednesday 15 September 2021, when Chip Mong Land also began its operation and management. The entry into this new sec...
Read MoreGDT to Strengthen Property & Unused Land Tax Collection Through Online Platform
The General Department of Taxation (GDT) will continue strengthening tax collection on real estate and unused lands nationwide through its new online payment platform. The GDT stated that through the implementation of online tax collection as well as conventional methods, the department expects to reach its target tax income for the 2021 fiscal year, according to a press release issued on Monda...
Read MoreCambodia’s Largest Construction Exhibition Set Be Held Virtually in December
The Cambodian Constructors Association (CCA) has decided to host the 2021 Cambodia Construction Industry Expo, the kingdom’s largest annual construction exhibition, virtually on 2-4 December 2021, reflecting the association’s long-term vision toward digitalisation as a resilient response to the ongoing COVID-19 pandemic. According to CCA Secretariat General Manager Chhiv Sivpheng, this virtual ...
Read MoreNew US$3.7 million Septic Treatment Plant Set to Begin Construction Soon in Phnom Penh
The Phnom Penh Capital Administration has planned to build a septic treatment plant which is part of the projects to enhance the well-being of people in the city. The septic treatment plant project is a result of the joint cooperation between the Phnom Penh Administration and Association Internationale des Maires Francophones, an international organisation of mayors of cities in French-speaking...
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