Local News
OCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known […]
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Three Cambodian International Airports to Have Major System Upgrades
Three international airports in Cambodia will soon have a major system upgrade as the operator Cambodia Airports has recently inked a deal with renowned Spanish IT provider Amadeus to bring in a new management system called Amadeus Flow. With the new approach, Cambodia Airports can temporarily reallocate resources not in use. One example would be […]
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at […]
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least […]
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ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional […]
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New Kampot Concrete Bridge Set for Completion End of 2021
Construction of the Samdech Techo Troeuy Koh concrete bridge in Kampot city connecting Troeuy Koh and Andong Khmer communes is scheduled to be completed by the end of 2021, according to the Kampot provincial administration on 28 April. Kampot Governor HE Cheav Tay said during the site inspection that his office has been urging the […]
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Analysts Question ADB’s Property & Construction 2021 Growth Forecast
The Asian Development Bank (ADB) on 28 April released a report forecasting that the Cambodian economy will grow by 4% in 2021 and 5.5% in 2022, while the construction and real estate sectors are also expected to recover from last year’s contraction. This growth forecast is indeed a positive sign. However, given the current lockdown […]
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Residents Near Sites of Siem Reap Road Sites Urged to Connect to State Water System
The Siem Reap Provincial Administration has urged citizens and business owners living nearby the construction sites of the 38-road renovation project to apply for connection to the state water system now or at least before the construction is complete. According to the official announcement on 27 April, as the 38-road project also includes rearrangement of […]
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ADF Helps Cambodia Develop a Long-Term Energy Trajectory-Modelling Tool
Agence Française de Développement (AFD) has provided €300,000 to help Cambodia develop a long-term energy trajectory-modelling tool, according to a press release early this month. The fund is provided through a program entitled “Energy Sector Modelling Tool for the Ministry of Economy and Finance of the Royal Government of Cambodia”, with the aim to support […]
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Will Conflict Between China and Australia Over BRI Contract Affect Cambodia?
Photo credit to Wccftech On 21 April, the Australian government announced it would revoke contracts signed by the state of Victoria with China over the Belt and Road Initiative in 2018 and 2019, stating that they were out of line with Australia’s foreign policy and their action is to prevent Australia from hosting a giant […]
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