Construction Focus
Japan Invests Over USD40 Million in Cambodia in 2024: Strengthening Economic Ties
In a significant boost to bilateral relations, Japan has invested more than USD40 million in Cambodia during the first 10 months of 2024, maintaining its position as the seventh-largest investor in the country. This development was highlighted in a recent report from the Council for the Development of Cambodia, released on November 19, 2024. To […]
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Ratanakkiri and Mondulkiri Provinces Draw Attention from Chinese Investors
In a significant development for Cambodia’s agricultural sector, China’s Zhongjiao Tongli has announced its plans to expand investment in cultivating bananas and mangoes across Ratanakkiri and Mondulkiri provinces. This announcement follows a key meeting between Prime Minister Hun Manet and company President Mr. Zhongdi Sun, held on November 6, 2024, in Kunming, Yunnan Province, China. […]
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Korean Firm Eyes Investment in Cambodian Cashew Processing
Heungkuk Industry, a top manufacturer of construction materials from South Korea, is set to invest in cashew processing in Cambodia. This commitment emerged from a pivotal meeting on November 19, 2024, between HE Vongsey Visoth, Deputy Prime Minister in charge of the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk […]
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ARK Electronics Group Announces USD1.3 Billion Investment to establish a 1000ha industrial park in Kampong Speu
In a significant move for Cambodia’s industrial landscape, ARK Electronics Group, a Chinese company, has unveiled plans for a massive investment exceeding USD 1.3 billion to establish a sprawling 1,000-hectare industrial park in Kampong Speu province. During a recent meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General […]
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Remarkable Investment Growth in Cambodia Over the First 10 Months of 2024
Cambodia’s economy is experiencing significant growth in investment. In the first ten months of 2024, the Council for the Development of Cambodia approved 346 new projects totaling over $5 billion, expected to create about 270,000 jobs. HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, reported that investment increased by 38% compared to the […]
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Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks
Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by the visionary 19th […]
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Saudi Arabia’s Mukaab: the World’s Largest Building Breaks Ground
Construction is now officially underway on the Mukaab, a monumental 400-metre-high supertall skyscraper in Riyadh set to become the world’s largest building. Located at the heart of the 19-square-kilometer New Murabba development, the Mukaab will rise with cube-shaped dimensions, featuring 400-meter-long edges, and stand as a centerpiece of Saudi Arabia’s capital. The New Murabba Development […]
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Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
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China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]
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Cambodia Records USD505 Mil in Iron and Steel Imports, Construction Sector Gradual Recovery
Cambodia imported iron and steel products worth USD505 million in the first ten months of 2024, a significant 65% increase compared to USD305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD52.5 million, marking a 105% rise from […]
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