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ខ្មែរ 
MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021
- 27 January 2021
The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. 2020 was the first time that the growth rate of the...
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US$30 million 26-storey Office Building Topped Off
- 27 January 2021
The 26-storey Maritime Tower office building has been topped off and is expected to open for operation within this year, according to the developer’s announcement during the topping off ceremony on 26 January. Located along 60m Road, the project is an investment and development by Maritime Asset, a subsidiary of the Maritime Group with an investment value of US$30 million. Kong Vara, Chief O...
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
- 26 January 2021
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, most analysts have claimed th...
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Gov’t Starts Demarcating Land for Battambang Airport Renovation Project
- 26 January 2021
Battambang local authorities have already started demarcating and registering land ownership at the Battambang airport site while waiting for the actual renovation project to begin soon. Battambang Deputy Governor of Province Soeum Bunrith said on January 25 that the demarcation is being done both in Sangke district and Battambang city for future reconstruction. “People who are occupying the...
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Japan Hands Over New US$30million Facilities to Teacher Education Colleges
- 26 January 2021
The new facilities and other infrastructure at the Phnom Penh and Battambang Teacher Education Colleges, which were built using the Japanese aid grant of over US$30 million, have been completed and handed over. According to a Japan International Cooperation Agency (JICA) announcement on 25 January, the handover ceremonies of the buildings were held separately. One was at the Phnom Penh Teacher ...
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Prince Real Estate Group Unveils New Shopping Mall Project in Phnom Penh
- 26 January 2021
Renowned Chinese firm Prince Real Estate Group signed an investment agreement on 25 January to establish a new shopping mall in the middle of Phnom Penh, named Prince Square. Located in the Prince International Plaza complex along the Russian Blvd, near the old Phnom Penh Water Park, Prince Square will be a four-story mall with a total area of over 35,000 square metres. According to the firm...
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NR10 Connecting Battambang to Koh Kong 43% Complete
- 26 January 2021
After 12 months of construction, NR 10 linking Battambang to Koh Kong province is now 43.75% complete and scheduled to be open for traffic by 2023, according to the inspection of the Secretary of State of the Ministry of Public Works and Transport HE Bong Bun Hourn on 24 January. During the inspection, he also urged CRBC Construction Company and WACC Technical Consulting Company to continue the...
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Chinese Firm Helps Strengthen Safety on NR5
- 25 January 2021
Jiangsu Guoqiang Galvanization Industrial Company (JSGQ) has begun supplying road safety products on about 80km section of the NR5 construction, which is scheduled for completion in July 2021, according to a recent report in PRNewswire. The supply began since mid-January, the same source stated. The project is a part of the China-Cambodia Belt and Road Initiative (BRI), and includes building th...
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Private Firm to Lease State Land in Koh Kong for Aquaculture Investment
- 25 January 2021
Koh Mongkol Ratanak Sambath Co., Ltd has proposed leasing 369 hectares of state land in Sre Ambel district of Koh Kong province to invest in a large aquaculture project at a meeting between the firm and the Koh Kong provincial administration on 21 January. According to the firm, the project will be implemented in three phases. However, the Koh Kong provincial administration may allow the compan...
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Private Firm Plans to Build Water Treatment Plant in Koh Kong
- 25 January 2021
ANCO Water Supply is planning to construct a new water treatment plant on a 330-hectare plot in Kiri Sakor of Koh Kong province, in response to rapid growth in demand. According to the official website of the Koh Kong Provincial Administration on 21 January, the project is currently under review, and officers from the Koh Kong Provincial Administration and the Ministry of Environment have alrea...
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Gov’t to Restore Boeung Trabek Reservoir Infrastructure to Prevent Land Encroachment and Flood
- 23 January 2021
The Cambodian government has designated over 14 hectares of Boeung Trabek reservoir as state land and will construct a wall and undertake a complete dredging to prevent future flooding and land encroachment, according to Sub Decree issued on 30 December 2020 and a letter issued 24 December 2020. The wall will be built as a concrete pile surrounding the reservoir to stop further state land encro...
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ISI Steel Officially Launches Three New Innovative Products
- 22 January 2021
To celebrate the year of 2021, ISI STEEL has recently launched three new innovative products at the same time, including ISI PALM Cool Tile, PALM TRUSS roofing, and ISI Debar. ISI PALM Cool Tile is a special product in home cooling, coated with high-quality heat-reducing foam and manufactured with Japanese and Australian technology, ISO 9001: 2015 international standard. ISI Debar is a high-...
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