Company requests approval to invest in Kampot river residential project
Target Estate and Asset Management company has requested in-principle approval to invest in the development of an eco-tourism residential project along the river in the coastal province of Kampot, according to a post on the Kampot provincial administration Facebook page on 25 November. “Target Estate and Asset Management have requested six locations in three communes, […]
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Chip Mong Land to capitalise on high potential of Grand Phnom Penh
Having recently acquired Grand Phnom Penh International City, Chip Mong Land has started to improve the services and infrastructure as well as residential areas to transform the area into a high-potential development area for living and doing business. “The main purpose of Chip Mong Land is to improve our service to our customers to meet […]
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South Korea launches smart city project in Busan with ASEAN leaders
South Korea said they will build the country’s first “smart city” in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta […]
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National Assembly approves draft 2020 budget of US$8.2 billion
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, […]
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Thailand’s economic corridor sees residential projects boom
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of […]
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MBAM OneBuild – the leading construction and infrastructure technology trade show in Malaysia
MBAM OneBuild is the only exhibition in Malaysia that exclusively focus on the construction and infrastructure industry. Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) took place from 29 – 31 October 2019 at Kuala Lumpur, marked its 8th successful editions this year. MBAM OneBuild 2019 managed to attract international participation from countries including […]
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Construction on 69-storey condominium starts in Phnom Penh
Chinese construction company, Morgan Ford, has invested US$600 million to build a 69-storey skyscraper along the Mekong River, in the central of Phnom Penh. Construction officially started this week on the 220-metre high 69-story condominium building, Morgan En Maison located on the Mekong River in Chroy Changva district, according to Ding Yongjun, managing director of […]
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Government to spend US$30 million to modernise Calmette Hospital
The government will spend US$30 million on renovating Calmette Hospital, along with tens of millions of dollars in funding to modernise the state’s leading hospital. Writing on his official Facebook page, Prime Minister Hun Sen said that “today, I decide to release US$ 30 million to continue building a 12-storey building that has already been […]
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Oknha Pung Kheav Se Receives Honorary Doctorate From Royal Academy of Cambodia
On behalf of the Royal Academy of Cambodia, Prime Minister Hun Sen awarded an Honorary Doctor of Business Administration to Oknha Pung Kheav Se, renowned investor, in recognition of his great contribution to the socio-economic development of Cambodia. Samdech Techo Hun Sen at the inauguration on November 21 said that “Indra Devi building is a […]
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US company sees potential of investing in energy sector in Cambodia
The US ambassador to Cambodia has said that US company General Electric (GE) is interested in investing in Cambodia’s energy sector, according to a Ministry of Commerce post on 22 November. In a meeting with H.E Pan Sorasak, Minister of Commerce, Ambassador W. Patrick Murphy said that in the short time he has been in […]
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Four mining sites across nation to open for exploration
Four mining sites in Cambodia will be opened for companies to explore, according to a letter published by the Ministry of Mines and Energy on 22 November. The ministry has called local and international firms to apply for a mining license in Stung Treng, Battambang, Kratie and Kampong Thom which stretch over a total of […]
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Two potential districts future landed property in Phnom Penh
Sen Sok is the district with highest volume of landed property projects with completed landed residential project numbers standing at 45 developments as of Q3 2019, according to a CBRE Cambodia report. Due to Sen Sok’s rapidly increasing land prices, as this district is now very close to the centre of Phnom Penh, the landed […]
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