Kratie Governor to further enhance provincial infrastructure after approving 79 construction projects
Kratie Governor HE Ra Thorn has pledged to continue enhancing provincial infrastructure, after approving 79 construction projects worth more than US$4 million. During a press conference on the progress and ongoing work of the Kratie Provincial Administration on 30 June, Governor Ra Thorn stated that in terms of construction work, the Kratie Provincial Administration has […]
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Chinese firm reveals locations of US$160-million three parking lots project in Phnom Penh
China Good Cars Holding Ltd recently announced that the first location of its US$160 million three parking lot projects will be at the roundabout marking the border of Phnom Penh and Kandal provinces. Meanwhile, the second location will be on National Road 6 on the outskirts of Phnom Penh, while the third location remains […]
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Vietnam begins construction on VinWonders Phu Quoc giant theme park
Vietnam’s Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country’s largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park […]
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PM Hun Sen: Real estate market continues as usual despite COVID-19
Although the COVID-19 crisis has affected the Cambodian economy, the real estate business continues as usual and shophouse businesses have recently become more popular, according to Prime Minister Hun Sen’s official Facebook page on 30 June 2020. He also mentioned during a visit to the construction of the new Phnom Penh International Airport that despite […]
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Macau casino operator delays 1200-hectare land acquisition in Siem Reap to 2021
Macau Legend’s plans to acquire land and plans to develop an integrated resort in Siem Reap stretching on nearly 1,200 hectares has been delayed to June 2021 due to the COVID-19 crisis, according to Asian Games on 29 June 2020. Macau Legend announced that it has extended the date of the deal, as the company […]
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World Bank approves US$93 million for land allocation to poor landless people
The World Bank recently approved US$93 million to implement a project on Land Allocation for Social and Economic Development Phase III (LASED III) to provide land tenure for landless and poor and indigenous communities in Cambodia. The project will provide sustainable and secure access to land and natural resources for small agricultural business and rural […]
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MPWT to improve 38 main roads in Siem Reap, to standard of 34 road project in Sihanoukville
The Royal Government of Cambodia is seeking funding for the implementation of a 38.34 km road infrastructure project in Siem Reap town in order to promote the economy and beauty of Siem Reap city as a city of tourism, culture and history as well as to connect downtown Siem Reap to the rural areas outside […]
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ASEAN top leaders touch on green infrastructure development and sustainable tourism to bolster regional trade
What have ASEAN leaders learned from COVID – 19? Top ASEAN leaders recently held an online video conference gathering for the 36th ASEAN Summit on 26 June 2020 with representatives of the ASEAN Business Advisory Council (ASEAN-BAC). The meeting achieved a joint statement based on the theme of “Cohesive and Responsive ASEAN in 2020”. The […]
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US$55 million from World Bank will be used for water and sanitation projects in Cambodia
The Royal Government of Cambodia has requested a loan of US$55 million from the World Bank to improve water supply and sanitation systems to benefit public health, sanitation in the city and to contribute to ensuring a clean environment, and living conditions of the people. The project was revealed by the Ministry of Public Works […]
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Investment in new 150-megawatt dam requested upstream on Tatai River
Chinese firm China Heavy Machinery Corporation which currently operates the TataiRiver Hydropower Plant has requested to build a 150-megawatt dam upstream on the Tatai River, with the company currently proceeding with an environmental and social impact assessment (ESIA). The ESIA is being conducted by SAWAC Consultants (Cambodia) Co., Ltd. Victor Jona, Director-General of Energy and […]
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Grand Phnom Penh City announces official launch date for new villa project with 8% discount
Chip Mong Land has announced the official launch date for sales of a new type of villa in the Grand Phnom Penh City project with a special offer of up to an 8% discount. The project will launch its new villa for three days from 3-5 July 2020, located on twin streets next to Grand […]
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Kampong Speu 500-hectare industrial zone to become economic catalyst after COVID-19 crisis
Neak Oknha Pung Kheav Se’s 500-hectare industrial zone project located between National Roads 51 and 44, will become Cambodia’s economic catalyst after the COVID-19 crisis ends. Chrek Soknim, President of the Cambodian Valuers and Estate Agents Association (CVEA) told Construction & Property Magazine on 25 June 2020 that the 500-hectare industrial park development project has […]
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