Rehabilitation Work on NR76A in Mondulkiri Begins
The Mondulkiri Provincial Authority yesterday broke ground on the rehabilitation work of the heavily damaged NR76A in Keo Seima district. The rehabilitation sector is approximately 4,300 metres long, between km67+500 to 71+ 880. Due to the severe damage, the authority decided to conduct a complete repair rather than regular maintenance. Mondulkiri Governor Svay Sam Eang said that the rehabil...
Read MoreFirst 7-Eleven in Cambodia Set to Open at PTT Prek Pnov Gas Station in July
After 2 years of planning, 7-Eleven Cambodia is set to open its first branch this July at the Prek Phnov PPT gas station, according to the official announcement of the Department of International Trade Promotion (DITP), Thailand’s Ministry of Commerce. The statement added that the team is currently wrapping up the construction and interior decoration. Thus, if the lockdown does not significantl...
Read MoreNumber of Registered Engineers Up By 103.2%, Architects By 40.9%
The number of registered professionals in the construction sector by the end of 2020 increased by an average of 71.5% compared to 2019, thanks to the implementation of the new construction law, according to the Minister of Land Management, Urban Planning and Construction HE Chea Sophara. HE Chea Sophara revealed this data during the online meeting with Japan Ambassador to Cambodia HE MIKAMI Mas...
Read MoreUnlicensed Construction Sites Reduced by 7.7% After Construction Law Enforced
The construction sector in Cambodia has seen further regulation since the new construction law was implemented in 2019. One positive result has been that the number of unlicensed construction sites nationwide dropped by over 7.7% from 2019 to the end of 2020. This data was presented during an online meeting between the Minister of Land Management, Urban Planning and Construction HE Chea Sophara...
Read MoreGov’t Approves Six New Investment Projects Worth Over US$100 million
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building six factories, worth a total budget of approximately US$106.3 million in Kandal, Takeo, Kampong Speu and Preah Sihanouk provinces. The first investment permit has been granted to Yiankang Biological Technology Co., Ltd to invest US$2.9 million in building a food processing factory in Tumn...
Read MoreProgress Update on Five Affordable Housing Projects in Cambodia
To date, Cambodia has a total of five approved affordable housing projects, three of which are landed properties with a total of 8,331 houses, and two others are co-owned buildings with a total of 7,256 units, according to the latest data from the Ministry of Land Management, Urban Planning and Construction (MLMUPC). Here is a progress update on those five projects: 1) Arakawa Affordable Hou...
Read MoreTokyo-Nagoya Maglev Line Construction to Cost US$14 billion More
The ultra-high-speed maglev train project running between Tokyo to Nagoya is expected to cost up to US$64 billion, an increase of almost US$14 billion in addition to the original estimated cost, according to Nikkei Asia. The increase in budget is from the higher than expected costs for building complicated segments as well as from earthquake-proofing measures and removing soil produced by drill...
Read MoreWorld’s Largest Ecotourism Project Gets US$3.76bn, First Phase Open Next Year
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project on the Red Sea has closed a US$3.76 billion term loan with four Saudi banks. Meanwhile, the resort is expected to welcome tourists for the first time in 2022. According to the firm’s press release on 27 April, Banque Saudi Fransi, Riyad Bank, Saudi British Bank and Saudi Nationa...
Read MoreWorkplace Mobility in Cambodia 80% Below Baseline During Lockdown
The COVID-19 pandemic has put significant pressure on the office market over the past year. The mobility of this sector has become even worse during the 2021 lockdown as people have been forced to work from home. According to Google Mobility Tracker, workplace traffic in Cambodia for April was at -80% below the baseline before February 20. Given such circumstances, what will be the future of th...
Read MoreOpening of Century Entertainment Casino in Koh Kong Delayed
Century Entertainment International Holdings Ltd has decided to once again delay the reopening date of its casino at the new venue in Dara Sakor district, Koh Kong province, due to the continued impact of the ongoing COVID-19 community outbreak in Cambodia, reported IAG. This is the third time that the reopening has been postponed, from February to March, then again to late April. As the result...
Read MoreAuthorities Suspend Four Factories in Takeo as COVID-19 Positive Cases Surge
After some factory workers were found to be COVID-19 positive, the Takeo provincial administration has decided to temporarily suspend operations of four factories in Bati district. Over 1,200 workers are also required to undergo tests and quarantine, according to the official announcement on 3 May. The announcement stated that the four factories will be suspended from 03 May until further notic...
Read MoreOCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known as Cambodia Airports, in early 2020. The firms intended to cooperate w...
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