Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit

Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which is now undergoing extensive construction ahead of the 2023 SEA G...

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Gov’t to focus on construction and real estate labour with extended UN programme

The Ministry of Labour and Vocational Training (MLVT) is looking to focus on creating access to decent and productive employment opportunities for Cambodian youth within the construction and real estate sector through a new joint labour programme with the United Nations. The Labour ministry and the United Nations agreed to extend the ‘UNited for Youth Employment in Cambodia’ on 25 July for the ...

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Public ministry studies location for Kratie-Kampong Thom bridge

The Ministry of Public Works and Transport (MPWT) conducted a study tour on 23 July to determine the location for the bridge construction project linking Kratie and Kampong Thom provinces, which the ministry believes will significantly contribute to the transportation sector in Cambodia. Speaking in an interview on the sidelines during the National Road No.7 inspection in Steung Treng province,...

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Cambodia hotel sector appeals to more foreign firms

In response to the economic growth and the increase in number of tourists, more and more international firms are eyeing hotel investments in Cambodia, especially within the luxury segment. As forecasted by the Ministry of Tourism, Cambodia needs an additional 100,000 hotel rooms by 2028 of which 60, 000 rooms will be in the luxury segment. Recently, several international hotel firms have ann...

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US$4 Billion NAGA3 Set for Construction in September

Hong Kong-listed NagaCorp Ltd has announced that construction on its third project on the White Building land of Phnom Penh will start in September 2019 while claiming that the project will attract more urban investment into the city. Speaking in an interview with Bloomberg TV on 23 July, Mr Timothy McNally, chairman of NagaCorp Ltd said that construction of the Naga 3 integrated entertainment ...

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Sand from Cambodia contributing to Singapore land growth

A UN report has detailed how rising global demand for sand and gravel is having a negative impact on developing economies with Singapore in particular singled out for its aggregate appetite. With global demand tripling in the last 20 years and now at 50 billion tonnes per year and predicted to rise by 5.5% a year, the UN report details the environmental degradation caused by the sustained extra...

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Phnom Penh to see a significant increase in strata-title offices

With a decrease in supply of centrally-owned office space, Phnom Penh is to see a significant increase in strata-title offices over the next few years as more international developers are entering the market, according to an international real estate agent. Speaking by telephone with Construction & Property Magazine on 19 July, Mr James Hewson, manager of international real estate agent CBR...

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Environment ministry gives green light to Cambodia Cement Chakrey Ting Factory in Kampot

The Ministry of Environment (MoE) gave the green light on the Environmental and Social Impact Assessment (ESIA) on 23 July for the Cambodia Cement Chakrey Ting Factory in Kampot. Cambodia Cement Chakrey Ting Factory was initiated in 2014 with a US$100 million investment in Phnom Teach Village, Kandal Commune, Teuk Chhou District, Kampot Province covering an area of 32 hectares. The plant has th...

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Samdech Sar Kheng tells residential owners to report their foreign tenants

In a bid to control the presence of foreigners living in Cambodia, the Deputy Prime Minister has told all residential property owners to report their foreign tenants. The directive was made after some owners have not understood their obligations and have not complied with the law. In a letter signed on Friday by Samdech Krolahom Sar Kheng, Deputy Prime Minister and Interior Minister, both fo...

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The future of infrastructure developments and the construction industry in Cambodia

In the past decade, Cambodia has launched ambitious infrastructure developments toward building much needed airports, bridges, dams, roads and seaports. However, Cambodia still ranks 112 out of 137 nations in terms of infrastructure ranking, lagging behind most of its Southeast Asian neighbours according to the World Economic Forum’s latest Global Competitiveness Report. It revealed that inadequat...

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Lumiere Residence set new property landmark in Phnom Penh

Following the success of Lumiere Hotel, Singapore-based Lumiere Hospitality (LH) opened its second project in Phnom Penh on 21 July which will set another hospitality landmark for the city. Known as the Lumiere Residence, this 25-storey building comprises of luxury hotel rooms and apartments which are elegantly designed and laid out, equipped with a rich variety of in-room amenities. Located...

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Construction complete for National Road No.55

Following 42 months of construction, National Road No.55 connecting National Road No.5 to the border of Trat Province, Thailand, has been completed, according to the Ministry of Public Works and Transport (MPWT) on 22 July 2019. Constructed by China Road and Bridge Corporation (CRBC), this 180-kilometre long, 9 metre wide road links National Road 5 (from section 191+150) to the Thai-Cambodian b...

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