English 
ខ្មែរ 
First Drops of Cambodian Oil Produced Today at Apsara Oil Field
- 29 December 2020
The first drops of Cambodian oil have been produced today at Block A of Apsara Oil Field, following the recent completion of construction, according to the Prime Minister Hun Sen’s Facebook Page. The first well entitled A-0ID was completed on 23 December 2020, and the production of the oil started on 29 December 2020. Meanwhile, two other wells have already been drilled to the oil reservoir. ...
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Koh Kong a Potential Target for World Bank’s Blue Economy Development Project
- 28 December 2020
The World Bank is planning to invest millions of dollars in the 'Blue Economy' project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority is currently conducting the feasibility and trying the b...
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Major Infrastructure Projects Broken Ground in 2020
- 28 December 2020
Although 2020 was not a good year due to the COVD-19 pandemic and the recent floods, the government of Cambodia continuously updates infrastructure development. Thus far, none of the infrastructure projects have been delayed. Projects scheduled to break ground in 2020 have also already begun. Here is the list of the major infrastructure projects that saw ground broken in 2020. 1) NR 2 and 22 Re...
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OCIC Unveils Details of Expressway Project from City Centre to New Airport in Kandal
- 28 December 2020
OCIC Chairman Neak Oknha Pung Kheav Se has revealed details of the expressway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province. Neak Oknha Pung Kheav Se said in an exclusive interview with Construction & Property Magazine on 19 December that the expressway will be built as a flyover with a total length of 21 kilometres, divided into two phases. ...
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
- 26 December 2020
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of the Senate of Cambodia Samdech Say Chhum ...
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CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
- 26 December 2020
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% - 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in Cambodia's real estate sector. Meanwhile, the price, for...
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Construction of NR2 and NR22 20% Complete
- 25 December 2020
The construction and restoration of National Road 2 and 22 from Takmao to Ang Ta Saom has been 20% completed and is scheduled to finish in the first quarter of 2022, according to Ministry of Public Works and Transport spokesman Heang Sotheayuth. Mr Sotheayuth told the Ministry of Information recently that since the ground-breaking ceremony in February 2020, the construction process has proceede...
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Bluebell signs MoU with Oxley to Manage the Peak Mall
- 25 December 2020
Leading Asian Omni brand operator Bluebell Trading Pte. Ltd has recently signed an MoU with Oxley Gem (Cambodia) Co., Ltd to manage the Peak shopping mall project, according to a press release from the company on 24 December. Ashley Micklewright, CEO of Bluebell Group said, “We are delighted to partner with Oxley-Worldbridge in Cambodia, and look forward to delivering one of Asia’s new destinat...
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Phnom Penh Municipality to Take Action Against Encroachers on Canals and Public Land
- 25 December 2020
The Phnom Penh municipality plans to take action on illegal canal and public land encroachment soon, particularly in the western part of Phnom Penh, after deciding to dredge and rebuild 12 drainage systems across the city. The plan was announced in a meeting chaired by Phnom Penh Governor HE Khuong Sreng on 24 December. During the meeting, HE Khuong Sreng said that 12 drainage systems out of...
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Several EU Members Provide Co-financing of US$115 million for Cambodia’s Rural Infrastructure Development
- 25 December 2020
The German development bank KfW, AgenceFrançaise de Développement (AFD) and the European Union (EU) have provided US$115 million in co-funding to Cambodia for rural infrastructure development projects in the central area of the country. The agreement was signed recently by the Cambodian government, the German development bank KfW, AFD and the EU representatives, according to a press release iss...
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Property Sector Yet to Experience Significant Effects from Community Transmission Event
- 25 December 2020
President of the Cambodia Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim said that the recent COVID-19 community transmission outbreak, known as the 28 November incident, has yet to negatively affect the real estate market in Cambodia. Speaking to Construction & Property Magazine on 24 December, Mr Chrek Soknim said: "It is too soon to conclude the effects of the 28 November i...
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CVEA’s Recently-elected President Vows to Boost Real Estate Market in Cambodia 2021
- 24 December 2020
Mr Chrek Soknim has vowed to do his best to boost the Cambodian real estate market after he was recently re-elected as the president of the Cambodian Valuers and Estate Agents Association (CVEA) for 2021-2022. The vote counting and results announcement was held via video call on 23 December with the participation of board members as well as other general members. Mr Chrek Soknim expressed hi...
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