Chinese Companies Seeks Investment Opportunity in Tile and Brick Materials
China Brick and Tile Industry Association said some Chinese companies plan to invest in Cambodia to produce tile and brick for construction as this sector is booming. Association president Xu Yanming raised the investment plan in a meeting with H.E. Cham Prasidh, Senior Minister and Minister of Industry and Handicraft on December 13. According to a post at the ministry’s Facebook, Ms Xu said...
Read MoreConstruction of US$2million stadium in Kampong Speu begins
Construction of the US$2 international standard stadium in Kampong Speu province has been following a grand opening ceremony presided over by H.E Hun Many, President of the Union of Youth Federations of Cambodia and a National Assembly member for Kampong Speu province. The international standard stadium is funded by Naga World with construction set to finish ahead of the 2023 SEA Games that Cam...
Read MoreNew roads along rail track sideways to link to US$2 billion express way
Phnom Penh Municipal Hall and the Ministry of Public Works and Transport is studying the feasibility to construct two new roads along the sideways of the rail track which will connect to the US$2 billion expressway, said the press release. According to Phnom Penh Municipal Hall’s press release, the project is under a studying stage before getting approval from the government regarding the funds...
Read MoreChinese enterprises in the construction saw a surge at the CCA 2019 expo
Cambodia’s largest annual construction exhibition for 2019 saw a sharp increase in Chinese enterprises in the construction industry showcasing their products, thanks to the strong cooperation between Cambodia and China. Held from December 5-7 at the Diamond Island Convention and Exhibition Center, the exhibition, which organized by the Cambodian Constructors Association (CCA), had showcased mor...
Read More10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’
The Ministry of Tourism is currently drafting a 10-year master plan that will transform the coastal province of Kep into a ‘relaxation and high-end tourist destination’. The Kep provincial administration organised a meeting on 11 December to discuss the strategy for the tourism master plan for Kep to become a relaxation and high-end tourist destination’ in 2020-2030. According to a Facebook ...
Read MorePM supports smart LED lampposts by Japanese firm for Sihanoukville
Prime Minister Samdech Techo Hun Sen has expressed his support for a Japanese firm to install smart LED lampposts in Sihanoukville province after the firm installed them in Phnom Penh and Siem Reap, according to the Prime Minister Facebook post. The pledge came during a meeting between Samdech Techo Hun Sen and Yoshihisa Kainuma, director of MinebeaMitsumi where the firm reported on its investm...
Read MoreProperty prices stagnate in the Philippines
The Philippines central bank Residential Real Estate Price Index (RREPI) for Q2 2019 showed that house prices grew by only 0.4% year-on-year which represents and downgrade on the forecast of 3.7%. Despite all other housing types seeing prices decreases, including 7.9% for duplexes, condominium unit prices remained relatively robust rising 4.5 per cent between the first and second quarters of 20...
Read MoreOCIC to develop airport economy zone 10 times bigger than Koh Pich
Cambodia’s leading real estate developer Overseas Cambodia Investment Company (OCIC) will develop an airport economy zone in Kandal ten times bigger than Koh Pich, according to the company’s Chairman Neak Oknha Pung Kheav Se. Neak Oknha Pung Keav Se made the announcement on the sidelines of the Cambodia Construction Industry held at the Koh Pich Exhibition and Convention Center on 05 December. ...
Read MoreUS$2.5 million spent for waste water drainage system in Sihanoukville
The Ministry of Public Works and Transport started a project on 09 December to restore and expand canals to prevent flooding in Sihanoukville with a budget of US$2.5 million. The project was started in the presence of H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport and H.E. Kuch Chamroeun, Provincial Governor of Preah Sihanoukville province. The project will exp...
Read MorePoipet PPSEZ Opens Officially
The Poipet PP Special Economic Zone (Poipet PPSEZ), a wholly-owned subsidiary of the Phnom Penh Special Economic Zone, was officially opened for operation on 9 December in Poipet city, Banteay Meanchey province. The launch ceremony was held at the same time as the official opening of Japanese firm Sumitronics which has invested in the zone. According to a CDC press release, the opening cerem...
Read MorePhnom Penh-Sihanouk expressway more than 7% completed
Construction of the Cambodia’s first express way linking the capital Phnom Penh to Sihanoukville province is now 7.3% completed, according to the Ministry of Public Works and Transport. The US$2 billion project is being built by Cambodian PPSHV Expressway Co., Ltd with Minconsult Sdn. Bhd as the consultancy firm. The project, which started in March, will run along more than 190 kilometres with ...
Read MoreWaste Management Facility Launched in Kampot province
Chip Mong Insee Cement Corporation, a subsidiary of local conglomerate Chip Mong Group, launched a new industrial waste management facility. It will provide an environmentally friendly solution to disposing of industrial waste. Chip Mong Ecocycle facility was launched on December 5 and held under the presence of H.E. Say Sam El, Minister of Environment. It is located in Banteay Meas district, K...
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