AI to develop real estate sector in Cambodia
Artificial intelligence, commonly known as AI, will soon take over and promote the real estate sector in Cambodia. The future of AI in the Cambodian real estate industry is about to be realized following the signing of a Memorandum of Understanding between Z1 Data Co., LTD (Cambodia), a company that uses artificial intelligence (AI) to research and analyze data in real estate and the US-based c...
Read MoreNeak Oknha Pung Kheav Se boosted Cambodia’s construction sector with US$5 billion and more to come
In a bid to develop Cambodia’s economy, one of the kingdom’s leading businessmen, Neak Oknha Pung Kheav Se, has invested around US$5 billion on various projects over the years. In a recent exclusive interview with Construction and Property Magazine, Neak Oknha Pung Kheav Se said the Canadia Group businesses are currently divided into two segments which include financial and construction and pro...
Read MoreMPWT: Covid-19 issue does not affect Cambodia’s road development projects
The recent Covid-19 issue does not affect the development of Cambodia's roads financed by the People's Republic of China. This statement was made by H.E. Sun Chanthol, Minister of Public Works and Transport during an interview with the press at the inauguration ceremony for National Road 55 and the ground-breaking ceremony of National Road 10 on the morning of 9 March 2020. “The problem of C...
Read MoreWaste-to-Energy project in Phnom Penh proposed
The Ministry of Mines and Energy is preparing to develop a project converting waste to energy at dumpsites in Phnom Penh. The project was unveiled for discussion at a meeting held last week led by H.E. Suy Sem, Minister of Mines and Energy, with representatives from the Asian Development Bank (ADB). During the meeting, the ministry permitted a study to select appropriate options and to deter...
Read MoreCambodia – China Friendship Tbong Khmum Hospital 50% complete
Construction on the Cambodia-China Friendship Tbong Khmum Hospital costing US$50 million is now 50% and is due to finish in September 2021, according to H.E. Dr. Cheam Chan Sophoan, Governor of the Board of Governors of Tbong Khmum Province on 3 March 2020. The ground-breaking ceremony for the hospital was presided over by Prime Minister Samdech Techo Hun Sen on 1 March 2019. This US$50 mill...
Read MoreSamdech Techo asks developers to delay real estate payment for workers
Covid-19 respiratory infections have caused negative effects on the economy and in particular in the property sector. In response, Cambodian Prime Minister Samdech Hun Sen requested real estate companies to provide workers with compensation and delay payments as much as possible. The request was made at the opening ceremony of National Road 55 and National Road 10 on the morning of 9 March 2020...
Read MorePM breaks ground on NR 10 connecting Battambang to Koh Kong
Samdech Techo Hun Sen and the Chinese Ambassador to Cambodia Wang Wentian together presided over the ground-breaking ceremony on National Road 10 connecting Battambang to Koh Kong on 9 March 2020, a project which will cost US$188 million. Minister of Public Works and Transport, H.E Sun Chanthol, said that National Road 10 links the Samlaut area of Battambang as a corridor to Pursat and then to ...
Read MorePM Hun Sen inaugurates NR55 connecting Pursat to Thai border
Cambodian Prime Minister Samdech Hun Sen and the Chinese Ambassador to Cambodia Wang Wentian together presided over the inauguration ceremony for the official opening of the National Road No. 55 connecting Pursat to Thailand border on 9 March 2020. Following construction by the China Road and Bridge Corporation (CRBC), the road has a total length of 180 kilometres and a width of 9 meters, linki...
Read More2015-2025 IDP action plan will double Sihanoukville’s potential
Sihanoukville is being transformed into a multi-purpose special economic zone following the principles of the Special Administrative Zone, according to the 4th point of the Ministry of Economy and Finance Press Release on Progress of 2015 – 2025 IDP Implementation. The Industrial Development Policy (IDP) represents a comprehensive vision of the Royal Government of Cambodia to embark on a “new e...
Read MoreRehabilitation of five major streams in Sihanoukville now halfway
By early March and after three months’ rehabilitation work, 55. 96% of the five major streams in Sihanoukville had been recovered, according to the Ministry of Public Works and Transport. The update was made following a visit to the progress of the rehabilitation work led by H.E Kem Borey, Under-Secretary of State for the Ministry of Public Works and Transport, joined by the Senate delegation l...
Read MoreSiem Reap administration studying plans to develop a smart city
The plan to transform the former capital of Siem Reap into a Smart City was discussed at a Siem Reap provincial administration meeting with JICA on 2 March 2020. The meeting examined the feasibility study for the implementation of the Siem Reap Smart City project to develop Siem Reap into an advanced Smart City compatible with other smart cities in the region and the world. The meeting was p...
Read MoreChroy Chongva Lucky Supermarket branch ordered to move
The Lucky Supermarket branch located near Bayon roundabout in the Chroy Chongva area has been ordered to move to new a location as the current location creates traffic congestion due to its lack of parking facility on its narrow land plot. In a statement from the Chroy Chongva district administration dated 3 March, business owner Ms. Heng Phung Eang will be required to move the supermarket to a...
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