US$17 million in factory projects approved for construction sector products
The Council for the Development of Cambodia (CDC) on 02 September approved more than US$17 million of investment in factory projects which will serve the construction industry as investment in the sector continues to grow. According to a post on the CDC Facebook page, five factory projects have been approved in Takeo, Kampong Speu, Kampot, […]
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Coating industry experts to share insights at NCS Global Coatings (Cambodia) seminar
International experts from leading global firms have set their schedule to discuss the insights of coating products in the marine, industrial and construction sectors in an upcoming seminar organised by NCS Global Coatings (Cambodia) Co., Ltd. To be held on 14 September 2019 from 8.00am to 4.30pm at the Great Duke Phnom Penh Hotel, this seminar […]
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Economy Ministry: Construction and real estate sector to experience 4-year slow down
The Ministry of Economy and Finance has forecasted that the construction and real estate sectors, the sub-sectors supporting economic growth, are to experience a slowdown from 2019 to 2022, although growth is expected to remain high. The report, which was handed to reporters during the 30 August Council of Ministers meeting, shows that the construction […]
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Gov’t allocates more than half US$14.4 billion budget for infrastructure development
The Council of Ministers on 30 August approved the US$14.4 billion budget plan for a public investment programme with the infrastructure sector receiving more than 50% of it over a period of three years. The budget plan, which was proposed by the Ministry of Planning will expand over 609 public investment projects in various sectors […]
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Comin Khmere installs 30,000 floating and curved roof solar panels in Kampot province
Comin Khmere, a subsidiary of Comin Asia Group and one of the country’s leading engineering solutions provider, has successfully executed Cambodia’s first floating solar system and curved rooftop solar installation in Kampot province. In an email response to Construction & Property Magazine on 29 August, Mr Phanith Hak, group marketing and communication coordinator of Comin […]
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Council of Ministers endorses draft of construction law
The draft Construction Law was approved by the Council of the Minister on 30 August after the legislation had been compiled and discussed for input since 2017. H.E Phay Siphan, spokesman at the Council of the Ministers, said that the legislation was approved in a meeting of Council of the Minister which was chaired by […]
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US$295 million investment plans approved for five-star hotels and solar farms
More than US$295 million in investment plans have been approved for the construction of two five-star hotels in Sihanoukville province and two solar farms in Pursat and Kampong Chhnang provinces. The Council for the Development of Cambodia (CDC) gave the greenlight on 29 August to Hai Gang Grand Hotel Co., Ltd to construct a five-star […]
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‘Unique-smart tourist destination’ designated for Bokor mountain by 2035
The government will transform Bokor Mountain in Kampot province into a ‘unique-smart tourist destination’ by 2035 using several development strategies announced via a dissemination workshop on the Land Use Master Plan for the Bokor City Development Project held on 29 August. H.E Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning, and […]
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Cambodia’s listed design and construction firms increase by 20% year on year since 2018
The number of local and international design and construction firms in Cambodia increased by more than 20% in July 2019 compared to the same period in 2018, according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC). According to the data Construction & Property Magazine obtained on 29 August, in […]
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Has-architecture wins design competition with 485m MGN tower in Phnom Penh
Architectural firm Has-architecture has won a design competition for the 485m high MGN tower along Norodom Boulevard in Phnom Penh. The MGN tower will be the local headquarters of MGN Bank, an office and a hotel and is set to be the second-highest skyscraper in Cambodia once completed. The global architecture archive website aasarchitecture reported […]
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Deal signed for ‘Dragon City’ development in the 2,500-hectare ING City
A deal between Cambodian and Hong Kong firms to develop ‘Dragon City’ was signed on 27 August, which will turn 5.4 hectares of land in ING City into a commercial complex, according to a press release. Held at the Sofitel Phnom Penh Phokeethra, the deal was signed between Cambodian developer ING Holdings Co., Ltd and […]
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International firms eye waste-to-energy plant in Sihanoukville
International firms from Singapore and Malaysia are looking to invest in waste-to-energy plants in Sihanoukville province, according to a 27 August meeting between the companies and the provincial governor. The investment plan was revealed by Mr Dato Mah Kaseng, Director of Ric Natural Development Plc and Sihanoukville Provincial Governor H.E Kuoch Chamroeun. According to a […]
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