Urbanland 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...
Read MoreADB Provides US$40-million Loan to Support SMEs & Financial Stability in Cambodia
The Asian Development Bank (ADB) has decided to provide US$40 million in loans to help stabilise Cambodia's financial sector, especially for SMEs affected by the COVID-19 pandemic. According to an ADB press release on 18 October, the loan will help small and medium-sized enterprises (SMEs) to recover from the pandemic by insuring them with the right amount of loans. The loan will also intend...
Read MoreFirst China-Laos High-Speed Train Arrives in Vientiane
The first high-speed passenger train connecting China and Laos was delivered to its operator in the Lao capital on Saturday with the plan to officially begin operation on 2 December, the National Day of Laos. The test runs for the train are also expected to begin soon before the official opening day, reported CGTN. The train is an Electric Multiple Unit (EMU) type which will run on the newly...
Read MoreUS Firm Fluence to Equip 3rd SHV Water Treatment Plant with Latest Technology
US-headquartered Fluence Corporation has secured a US$8.5 million contract to equip its MABR technology at a wastewater treatment plant in Sihanoukville, Cambodia. The company has signed a contract with the Ministry of Land Management, Urban Planning and Construction for US$8.5 million, the firm said in a recent announcement. Under the contract, Fluence Corporation will equip three MABRs, us...
Read MoreCCA to Share Insights on Construction Sector, Law, & Policies at Hong Kong Seminar
The Cambodian Constructor Association (CCA) will share the latest updates and the current status of the kingdom’s construction sector along with related laws and policies at the international seminar. To be held on 21 October, the seminar is being organised by Hong Kong-based Dashun Foundation and funded by the Trade and Industrial Organisation Support Fund of the Trade and Industry Department ...
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