Real Estate Veteran Richard W. Davidson Appointed Century 21 Cambodia’s Chairman

Signalling its desire to be the number one company in the Kingdom of Cambodia and throughout Southeast Asia, the Board of Directors of CENTURY 21 Cambodia has recently announced that it has named Richard W. Davidson its new Chairman. Davidson, the former president and chief executive officer of the global franchisor Century 21 Real Estate LLC, is responsible for developing and implementing a st...

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Gov’t Allows Reopening of Schools, Stadium, and Other Entertainment Venues

The Cambodian government has recently announced the reopening of schools, stadiums, museums, and other entertainment venues including wedding parties, but with stricter precautionary measures. According to a special audio message from Prime Minister Samdech Hun Sen, released by Fresh News on 18 November, the reopening of the above-mentioned venues aims to boost the economy after a two-week clos...

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Kep to Build Tourism Seaport on Koh Tonsay Island

The Kep provincial administration has revealed plans to build a Koh Tonsay tourism port , with a firm is currently proceeding with an environmental and social impact assessment. Deputy governor of Kep province HE Ol Phirun said on 18 November that the tourism seaport project has the backing of the ADB and a local firm has applied to implement the project and is currently undertaking the feasibi...

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Kampot Administration Approves Three Infrastructure Development Projects

The Kampot provincial administration has approved three provincial infrastructure development projects worth more than US$3 million, which all of them are scheduled for implementation by the end of 2020. This approval was revealed during the meeting chaired Kampot Governor HE Cheav Tai on November 17. According to Fresh News, this project includes building and repairing the infrastructure of...

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Kingdom’s Annual Construction Exhibition Postponed to 2021

Cambodian Constructors Association (CCA) has decided to postponed the kingdom’s biggest annual construction exhibition from late 2020 to any appropriate time in 2021, according to the recent CCA’s announcement. CCA has yet to any approximate dates of the event. The scheduled mainly depends on the status of the COVID-19 pandemic in Cambodia and the world. Known as the Cambodia Construction In...

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French Firm to Assist in Phnom Penh Electrical Services

French company MAN PrimeServ has signed a five-year service agreement to provide technical support for the electricity supply from a 200-megawatt power plant in suburban Phnom Penh to the city centre, according to the Power Engineering website last week. The contract was signed by O&M Company SchneiTec, a firm responsible for the C7 project owned by Electricite du Cambodge (EDC). The agr...

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World-Class Golden Sky Project to Rise Along Mekong River Near Koh Pich

The Morgan Enmaison Golden Sky project will soon be launched in the Mekong Delta and is expected to provide the first world-class luxury units in the area. The project is located on the top floor of the first building of Morgan Enmaison, which is 218 metres high and has only 70 units for Phnom Penh's most exclusive residents. The Golden Sky project provides luxurious two-story units, offerin...

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Chinese Firm to Invest US$1 Billion Building a Green Special Economic Zone in Svay Rieng

A Chinese firm plans to build a 450-hectare green special economic zone worth approximately US$1 billion in Svay Rieng province, according to The Star on 14 November This enormous project is located about 4km south of NR1 or Svay Rieng city centre, and north of the river. A strategic partnership agreement for this project was signed on 13 November between a Chinese industrial park developer ...

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Korean Association for Photonics Industry Development Joins LED Expo Thailand + Light ASEAN

Korean Association for Photonics Industry Development joins LED Expo Thailand + Light ASEAN The Korean Association for Photonics Industry Development (KAPID) has signed up as the Platinum Sponsor for the virtual edition of LED Expo Thailand+ Light ASEAN happening on 18-20 November 2020. KAPID is taking the great initiative to support the Korean lighting industry by connecting them with ASEAN...

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Mortgage Loans in Cambodia Reach US$4.6 billion as of Q3 2020

According to the third-quarter report of the Credit Bureau of Cambodia (CBC), loans in the real estate sector reached US$4.6 billion by the end of September 2020, a significant increase from US$3.9 billion at the end of 2019. This demonstrates that the demand for residential and real estate in Cambodia continues to grow in 2020, despite the spread of COVID-19 pandemic, which has negatively affe...

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Delayed Siem Reap 38-Road Renovation Project to Break Ground Late This Month

The Ministry of Public Works and Transport announced that the ground-breaking ceremony for the Siem Reap 38-Road Renovation Project, which has been recently delayed, will be held on 30 November. According to the Minister of Public Works and Transport HE Sun Chanthol on 15 November, the ground-breaking ceremony will be inaugurated by Cambodian Prime Minister Samdech Hun Sen. Previously, the g...

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