MPWT Speeding Up Work on Draft Wastewater and Sewage Law
The Ministry of Public Works and Transport (MPWT) is currently reviewing the wastewater and sewage system draft law again before submitting it for government approval. Undersecretary of State of MPWT HE Kem Borey said in a progress meeting on 10 February that the relevant technical working group is now speeding up the process as MPWT wants this law to become effective as soon as possible. “A...
Read MoreCDC Approves Two Investment Projects Worth Nearly US$70 Million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth nearly US$70 million in Kandal and Svay Rieng provinces. The first investment permit has been granted to Onion Mobility Co., Ltd, with the firm investing US$20 million to build a factory to assemble motorcycles and electric tricycles in Sovannaphum SEZ in Kandal prov...
Read MoreConstruction of Mondulkiri Airport Expected to Begin in 2022
The construction of the Mondulkiri airport project is expected to begin in 2022 after Prime Minister Hun Sen last week set up a special inter-ministerial committee to accelerate the implementation of this large-scale project. According to State Secretary of Civil Aviation (SSCA) spokesman Sin Chansereyvutha, the feasibility study will be completed within February and will be soon submitted for ...
Read MoreFive New Ecotourism Developments Planned for Koh Kong Province
Private firms are planning to develop five ecotourism resorts on approximately 50 hectares in the Dong Peng preservation area in Koh Kong province. The project has just received the green light from the government, after both parties inspected and set borders at the actual site on 09 February. All five projects will be developed in the protected zone called Dong Peng, of which each project m...
Read MoreWhy is it Necessary to Inspect and Verify Construction Works?
Following the promulgation of the Construction Law in 2019, Cambodia's construction sector has seen stronger enforcement to maintain the overall quality and safety in the sector. For example, the inspection and verification of construction work by a professional or a licensed certifier firm is legally required before starting to build or demolish any construction work. Why is it necessary to in...
Read More2021: Investing in Real Estate? What and Where?
In 2020, the real estate market in Cambodia came under pressure from the COVID-19 pandemic. According to the Cambodia Valuers and Estate Agents Association (CVEA), the number of transactions dropped by 15% - 20%. CBRE Cambodia has also reported the retail market is most affected, followed by the office and condo sectors. (Read more) What about 2021? Given the introduction of the COVID-19 vaccin...
Read MoreGov’t has issued over 6 million land titles as of the end of 2020
As of the end of 2020, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued more than 6 million land titles, or equivalent 86.8% of the total unregistered 7 million land plots nationwide. According to a recent report of MLMUPC, the systematic land registration has reached more than 5.4 million titles and approximately 5 million of which have been distributed to t...
Read MoreTransport Ministry to Launch Two News Weigh Stations on RR2 and in Kratie Province
To prevent road damage caused mostly by overweight vehicles, the Ministry of Public Works and Transport (MPWT) will soon set up two new weigh stations on the Phnom Penh Ring Road 2 and in Kratie Province. MPWT also plans to build two more in those vulnerable provinces. MPWT Secretary of State HE Seng Chhuon said on 05 February that these two new weigh stations will help encourage heavy vehic...
Read MoreMasterplan for US$16 billion Ream City Development Approved
A masterplan to develop an 834-hectare sustainable Ream City by Singaporean firm Surbana Jurong has been approved by Canopy Sands Development, a member of Prince Holding Group, according to The Straits Times. Worth over US$16 billion, the Ream City project will transform the region into a new ecosystem of tourism, commercial and residential city that could house up to 130,000 residents. Acco...
Read MoreLand Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the COVID-19 pandemic. For Phnom Penh, among all districts, Dangkor dist...
Read MoreSouth Korea to Develop Smart Farm Project in Cambodia
Cambodia and South Korea last week signed an MoU to establish a Smart Farm Project in Cambodia, through aid of the Republic of Korea, for Cambodia's agricultural development. The signing ceremony was presided over by HE Ngin Chhay, Delegate of the Royal Government of Cambodia in charge of the Director-General of the General Department of Agriculture and Dr Harry Hwang, Executive Director and Fo...
Read MoreNew US$900m Siem Reap Airport Aiming for 67% Completion in 2021
Angkor International Airport Investment (Cambodia) Co., Ltd. (AIAI) will accelerate the construction progress of the new Siem Reap International Airport, aiming for 67% completion by 2021, and full completion by 2023 as planned. AIAI revealed this 2021 plan during a site inspection by Siem Reap Governor HE Tea Seiha on 06 February. The company reported that by the end of 2020, the overall pr...
Read More