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ខ្មែរ Local News
Construction Sector to Gradually Recover Amid 4% Economic Growth and Robust Financial Sector, says NBC
- 31 December 2020
The National Bank of Cambodia NBC said that the construction and property sectors in Cambodia will gradually recover in 2021, given the fact that the kingdom's financial sector remains robust and the 2021 economic growth is forecasted at 4%. According to the NBC Macroeconomic and Banking Sector Outlook for 2021 released on 31 December, the financial sector's active asset, from which 90% is the ...
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Updates on Major Infrastructure Developments in Siem Reap
- 30 December 2020
Although the tourism sector in Siem Reap has been hit by the COVID-19 pandemic, the government is still active especially in infrastructure development, with the aim to attract more tourists after the crisis is over. Prime Minister Samdech Hun Sen once said that although COVID-19 has prevented tourists from travelling to Cambodia and negatively affected the economy, on the positive side, it is a g...
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90 million Cubic Metres of Land Needed to Fill In Construction Site of Koh Norea and the New Phnom Penh Airport
- 30 December 2020
The Overseas Cambodia Investment Corporation (OCIC) has recently said that over 90 million cubic metres of land is needed to fill in the construction site of the Koh Norea and the new Phnom Penh International Airport project. OCIC Chairman Neak Oknha Pung Kheav Se said approximately 60 million cubic metres of land is needed for Koh Norea project. Meanwhile, the new Phnom Penh international airp...
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Major Construction Projects Inaugurated in 2020
- 29 December 2020
NR58 connecting Banteay Meanchey to Oddar Meanchey National Road No. 58 is 174km long connecting Samrong city of Oddar Meanchey to the National Road 5 in Poipet city of Banteay Meanchey province. The construction of this road cost US$122.98 million, which was jointly financed by the Chinese government and the Cambodian government budget. The inauguration ceremony was presided over by Cambodian...
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CDC Approves Two Construction Materials Factories Worth Over US$11million
- 29 December 2020
The Council for the Development of Cambodia (CDC) has recently permitted two private firms to invest over US$11 million building two construction material factories in Sihanoukville and Svay Rieng provinces. The first project is a metal processing factory in the Sihanoukville special economic zone. The construction of the factory costs approximately US$5.2 million, invested in by Cambodian New ...
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Major Infrastructure Projects Broken Ground in 2020
- 28 December 2020
Although 2020 was not a good year due to the COVD-19 pandemic and the recent floods, the government of Cambodia continuously updates infrastructure development. Thus far, none of the infrastructure projects have been delayed. Projects scheduled to break ground in 2020 have also already begun. Here is the list of the major infrastructure projects that saw ground broken in 2020. 1) NR 2 and 22 Re...
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OCIC Unveils Details of Expressway Project from City Centre to New Airport in Kandal
- 28 December 2020
OCIC Chairman Neak Oknha Pung Kheav Se has revealed details of the expressway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province. Neak Oknha Pung Kheav Se said in an exclusive interview with Construction & Property Magazine on 19 December that the expressway will be built as a flyover with a total length of 21 kilometres, divided into two phases. ...
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Bluebell signs MoU with Oxley to Manage the Peak Mall
- 25 December 2020
Leading Asian Omni brand operator Bluebell Trading Pte. Ltd has recently signed an MoU with Oxley Gem (Cambodia) Co., Ltd to manage the Peak shopping mall project, according to a press release from the company on 24 December. Ashley Micklewright, CEO of Bluebell Group said, “We are delighted to partner with Oxley-Worldbridge in Cambodia, and look forward to delivering one of Asia’s new destinat...
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Phnom Penh Municipality to Take Action Against Encroachers on Canals and Public Land
- 25 December 2020
The Phnom Penh municipality plans to take action on illegal canal and public land encroachment soon, particularly in the western part of Phnom Penh, after deciding to dredge and rebuild 12 drainage systems across the city. The plan was announced in a meeting chaired by Phnom Penh Governor HE Khuong Sreng on 24 December. During the meeting, HE Khuong Sreng said that 12 drainage systems out of...
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Several EU Members Provide Co-financing of US$115 million for Cambodia’s Rural Infrastructure Development
- 25 December 2020
The German development bank KfW, AgenceFrançaise de Développement (AFD) and the European Union (EU) have provided US$115 million in co-funding to Cambodia for rural infrastructure development projects in the central area of the country. The agreement was signed recently by the Cambodian government, the German development bank KfW, AFD and the EU representatives, according to a press release iss...
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