Construction Sector Attracts Most FDI in Cambodia
The construction sector is one of the four main pillars of Cambodia’s economy and the sector has been responsible for attracting the most Foreign Direct Investment (FDI) to the nation and is expected to continue to do so in the future. Economist Mr Teng De Lux told government news agency Agence Kampuchea Presse (AKP) in an interview that more than US$2 billion of FDI had gone into the construct...
Read MoreCambodia’s First Productive Oil Field Project to Begin Production by Late 2019
Sample Photo / Credit: Maersk Drilling (Flickr) The first drop of oil to be extracted from Cambodia’s offshore oil field territory is scheduled as planned for late 2019. The news follows the latest update from KrisEnergy that it has now closed invitations to contractors for the tender for the engineering, procurement, construction, installation and commissioning services for the Apsara Oil Fiel...
Read MoreConstruction of China-cambodia Friendship Medical Building Soon to Begin
The China-Cambodia Friendship Medical Building located in the northern part of the Preah Kossamak Hospital campus will begin construction very soon, according to the Ministry of Health (MoH). Fully-funded by the Chinese government, the “China-Cambodia Friendship Medical Building” will be a comprehensive teaching hospital with 400 beds and equipped with modern equipment. Comprising of 3-4 bui...
Read MorePhnom Penh Airport Launches Newly-renovated Hi-tech Parking System
A newly-modernised automated parking system is set to be launched for the public at Phnom Penh International Airport (PPIA) on 16 August, according to a press conference organised by Cambodia Airports on 14 August. Mr Khek Norinda, Communications & PR Director of Cambodia Airports said the 16 August will be a soft opening and only facilitating motorbikes and taxies. The parking system will ...
Read MoreGovernment to Construct Training Pool Ahead of 2023 Sea Games
Sample photo training pool by 2MADEIRA.COM H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT) told a meeting in Kaoh Thum District on Sunday 12 August, 2018 that the government will construct swimming pools in the area so athletes can train for the 2023 Southeast Asian (SEA) Games, according to Fresh News. H.E Vasim Sorya, Director General of the Department o...
Read MoreTriumph Commercial Centre Opens Sales Office
The sales offce for the Triumph Commercial Centre (TCC) located in Boeng Salang Village, Sangkat Russey Keo, Russey Keo District, Phnom Penh officially opened on August 12, 2018. Owned by Chinese property developer Yunnan Shengmao Investment (Cambodia) Co., Ltd, the TCC will cost around US$1 billion to build according to the company’s director Mr Chen Tai An. Mr Chen Tai An explained that t...
Read MoreGlory Flame Holdings plans construction and real estate expansion into Cambodia
Sample project plan of Glory Flame Hong Kong-based construction company, Glory Flame Holdings Limited, is seeking opportunities to expand into Cambodia, according to its interim results report dated 10 August 2018 for the six months to 31 June 2018. After incorporating indirectly with two wholly-owned subsidiaries, namely, W.A.N.K.E. Investment Co., Ltd and Chiuwai Construction Co., Ltd the ...
Read MorePoipet Sees Green Light for Us$68 Million Investment Projects
On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City, Banteay Meanchey Province. According to CDC, the projects are located in Kbal Spean Village, Sangkat Poipet, Poipet City, Banteay Meanchey Province which will bring another 836 jobs to the p...
Read MoreMakro to Build Huge Commercial Centre in Siem Reap Province
Makro in Phnom Penh On August 10, 2018, the Council for the Development of Cambodia (CDC) approved plans by Makro (Cambodia) Company Limited to build a huge commercial centre in Siem Reap Province worth more than US$18 million. According to the CDC, this project is located in Kork Thnout Village, Sandan Commune, Prasat Bakong District, Siem Reap Province. This new commercial project will hel...
Read MoreSkills gap highest in construction industry according to new report
A new survey conducted by Cambodia’s National Employment Agency (NEA) in collaboration with the Swedish International Development Cooperation Agency (SIDA) showed that in 2017, the skills gap (when existing staff cannot perform up to the level required by employers) in the construction sector ranked the highest among ten business sectors. The report entitled "Skills Shortages and Skills Gaps in...
Read MoreTakeo Province Chosen for Digital Village Pilot Project
The Republic of India has signed an agreement with the Ministry of Posts and Telecommunications selecting Traing District in Takeo province as the target location to implement a Digital Village pilot project. The information was disclosed while the Ambassador of India to Cambodia H.E. Ms. Manika Jain paid a courtesy call on the Minister of Posts and Telecommunications H.E. Tram Iv Tek in Phnom ...
Read MoreGround broken on ADB-backed Kampot Tourist International Port
Construction of Cambodia's Tourist international port in Kampot Province,funded by the Asia Development Bank (ADB),began on 8 August, 2018 with the Minister of tourism, Kampot Governor, representatives from ADB and almost 100 people attending the ground breaking ceremony. According to an official press release, the project will cover an area of 4 hectares, is being built by Cambodian engineerin...
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