CDC approves three major development projects worth over US$160 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$160 million in establishing a factory, a hospital, and a 3-star hotel in Phnom Penh and Preah Sihanoukville respectively. The first project is an investment of approximately US$7.7 million by JINTEK […]
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World Bank provides US$20 million to Cambodia in response to COVID-19
The World Bank has provided US$20 million to Cambodia from the International Development Agency (IDA) to build isolation and treatment centers as well as medical supplies and facilities in response to the COVID-19 pandemic, according to a press release from the World Bank on 2 April 2020. Mrs. Inguna Dobraja, World Bank Country Manager for […]
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The Impact of COVID-19 On Construction Contracts in Cambodia
Questions and uncertainty related to the impacts of the COVID-19 global pandemic on construction contracts in Cambodia have been the subject of great interest and concern by real estate developers and construction companies since the beginning of this outbreak. Parties to construction contracts are now carefully analyzing whether this situation can be considered a force […]
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Measures to maintain office and commercial buildings during COVID 19
How could we maintain our office and commercial buildings during the closure due to COVID 19? While your office and commercial buildings are vacant due to the absence of staff and other occupants in the building due to COVID 19 fear, the focus on the measure of management and maintenance the buildings are very crucial […]
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National Bank urges institutions not to foreclose on the property during COVID-19 crisis
The First Deputy Inspector General of the National Bank of Cambodia has requested all banks and microfinance institutions to avoid seizure of clients’ assets while the economic situation slows down due to the COVID-19 pandemic. According to a local press release, Mr Kith Sovannarith, First Deputy Inspector General of the National Bank of Cambodia, requested […]
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Expert: Construction and real estate market to recover next year
Experts predict that the construction and real estate markets will recover in 2021 despite the dramatic decline since the end of 2019 resulting partially from the effects of the COVID-19 pandemic in 2020. In an interview with RFI, Dr Ky Sereyvath, an economics professor and also Director of the Royal Academy of Cambodia’s Centre for […]
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Work on 140-megawatt solar power stations continues as planned
Four solar projects with a total generation capacity of 140 MW and total investment costs of around US$132.5 million are on course as planned although other mega power projects have seen construction suspended due to the COVID-19 pandemic. The four solar projects were approved by the government in 2019. As planned, construction is scheduled to […]
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World Bank: Cambodia’s economic growth to slow to 2.5% in 2020 due to COVID-19
Cambodia’s economic growth is predicted to decrease by 2.5% in the first quarter of 2020, due to inactivity in the tourism and construction sectors resulting from the outbreak of the COVID-19 pandemic in the country. The World Bank released an Economic Update for East Asia and the Pacific in the time of COVID-19 report on […]
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Chinese invests $ 4 million establishing new concrete production company in Sihanoukville
CAILI ROAD ENGINEERING (CAMBODIA) CO., LTD. a company building a paved road with an investment budget of about 30 million yuan or about US$ 4,235,196.00 was officially opened on the morning of March 29, 2020, presided over by HE Kouch Chamroeun, Governor of Preah Sihanouk province. The company main office is located in Preah Sihanouk […]
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National Road 3 now 67% complete, on schedule for 2022
Construction of National Road 3 connecting Phnom Penh to Kampot was 67% complete by the end of March 2020 and is due to be completed in 2022, according to the Ministry of Public Works and Transport. The ground was broken on the road upgrade project on Monday 7 May 2018 by Prime Minister Hun Sen. […]
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Road development still ongoing in Sihanoukville despite COVID-19
The spread of the COVID-19 virus has not hindered Sihanoukville’s infrastructure development with many government development projects, including the construction of Road No. 400 near Ochheuteal beach, still progressing. On 30 March 2020, HE Kouch Chamroeun, Governor of Preah Sihanouk province, accompanied by Mr E Sokleng, Governor of Sihanoukville city, led a team of experts […]
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World-class hospital worth US$7 million opens in Cambodia
The Prestige Hospital, a world-class facility worth US$7 million opened on 30 March 2020 to provide international standard health care services to Cambodians. This international standard hospital brings service, standard and affordability to Cambodian people as its core principle. According to Dr Tay Christopher, CEO of The Prestige Hospital, the service is now up to […]
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