Luxury Six Senses Krabey Island resort to welcome guests from December
Photo by Pixabay Hotels.com With Sihanoukville in need of more luxury accommodation, some exclusive new development projects are now coming online. One example is Six Senses Krabey Island, a member of Six Senses Hotels Resorts Spas, which is set to accept room reservations from December 1, 2018. Located in the heart of tropical island Krabey, […]
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British Companies Eye Cambodia for Construction Business
Many British companies are looking for opportunities to do business in the Cambodian construction sector, according to British diplomats. According to a Ministry of Commerce Facebook post on 2 October, 2018, UK Trade envoy H.E Edward Vaizey and British Ambassador to Cambodia H.E Tina Redshaw said that “currently there are many British construction companies looking for opportunities to enter into Cambodia’s market in order to bring modern technology and new architectural skills to develop the construction sector which is now booming”.
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Three Chinese Firm Team Up to Establish Online Commercial Center at Bavet City
Three Chinese companies have signed a collaboration agreement on the establishment of an online commercial centre in Bavet, according to a report by FRESH NEWS on 30 September, 2018. According to the same source, the developer of the Svay Rieng border town project, Empire World Group, signed the agreement with Bauing Group and CFMA (City Facility Management) to create the OBC centre on 27 September, 2018.
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IsI Palm Roof Sheeting in High Demand
While imported construction material are entering the Cambodian market in significant volume, local construction material manufacturers are working hard to provide high quality products to their consumers. A good example of this trend is one of Cambodia leading construction materials manufacturers ISI Steel,which has successfully developed over the past two decades as demand for the supply of steel products such as pipes, wall cladding and roof sheets has risen.
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Chinese Firm Announces Construction Plan for High-end Residential Building
A Chinese real estate firm has announced their development plan for a high-end residential building called the R & F Glory, according to a post on the Ministry of Information’s (MoI )facebook post on 28 September, 2018. R & F Properties has announced a US$700 million investment for a 174-metre high, 57-storey building on 8 hectares of land in the south of Phnom Penh.
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China Keen to Build Roads Throughout Sihanoukville Province
Chinese companies are interested in building roads throughout Sihanoukville Province, according to Sihanoukville provincial governor H.E Yun Min. In a phone interview with Construction&Property Magazine on 27 September, 2018, H.E Yun Min said that Chinese companies are interested in constructing and restoring roads throughout Sihanoukville and there were already six companies proposing to conduct feasibility studies.
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Japan Continues to Promote Health and Work Safety for Construction Work
Japan will continue to help Cambodia to improve the quality of construction work until 2020.
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European Union Organises Seminar on Problems Faced by Female Construction Workers
The European Union recently organised a half-day seminar to discuss the problems and challenges faced by female construction workers in Cambodia. Held on 27 September, 2018 at Tonle Bassac II Restaurant, the seminar was attended around 40 people including representatives from the Ministry of Labour and Vocational Training, Care Cambodia, Australian Development Cooperation, construction companies, and female construction workers.
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CCA Predicts Positive Growth for Construction Industry in H2 2018
The Cambodia Constructors Association (CCA) has predicted that the construction industry will continue to growin the second half of 2018 and the demand for raw construction materials will also increase. Reflecting on the National Bank of Cambodia’s (NBC) semi-annual report regarding the import of construction materials during the first six months of 2018, Mr Chiv Sivpeng, general manager at the CCA had a positive outlook on the supply of construction materials.
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Japan Funds Us$1 Million for Bayon Temple Restoration Project
On 25 September, 2018, Japan funded US$1 million through UNESCO to Cambodia for a restoration project of Bayon Temple inSiem Reap Province. According to a UNESCO Facebook post, the Royal Government of Cambodia, through the Ministry of Culture and Fine Arts signed a Memorandum of Understanding (MoU) with UNESCO on the restoration project of Bayon Temple under the support from Japanese Funds-in-Trust for the Preservation of the World Cultural Heritage.
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Government to Shutdown Non-compliant Construction Sites in Sihanoukville Province
The government is to revoke construction licenses and completely close down construction sites in Sihanoukville Province that failed to comply with the guidelines, especially those along the coastal area. On 26 September, 2018, H.E Pen Sophal, secretary of state for the Ministry of Land Management Urban Planning and Construction (MLMUPC), told the Cambodian Peace Channel (CPC) that the ministry will revoke construction licenses from non-compliant construction sites.
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Develop Your Own Properties or Invest in Bulk Properties?
Wealthy individuals are keen to enter the property development business. They can build various projects for sale or for rental.
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