Construction Focus
China Approves Six New Nuclear Reactors to Expand as World’s Biggest Pipeline of New Atomic Energy
In a resolute move that underscores its commitment to bolstering its nuclear capabilities, China’s State Council has granted the green light for the construction of six new nuclear power units, signifying a monumental stride in the nation’s ongoing pursuit of expanding its extensive pipeline of groundbreaking atomic energy initiatives. The approved projects, with a combined […]
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CamDX Registers Construction Companies with Investment Capital of US$1bn & Real Estate Firms with US$921m
The innovative Online Business Registration Platform, CamDX, has emerged as a catalyst for economic growth, registering an impressive influx of investments within Cambodia’s construction and real estate domains. As of July 2023, the platform has facilitated the registration of construction companies boasting a combined investment capital of US$1.07 billion, while concurrently ushering in real estate […]
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Progress Reaches 65% in Conversion of Old Railway into Modern Concrete Road, Russey Keo
The ambitious project to renovate the former 4,400-metre-long railway line in Russey Keo district into a reinforced concrete road has edged closer to completion, boasting a commendable 65% progress. National Television of Cambodia shared this significant update on 31 July 2023. This transformative initiative is set to redefine connectivity in the region, with the conversion […]
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Construction & Real Estate Sector Show Signs of Recovery in H1 2023
The echoes of recovery reverberate through Cambodia’s construction and real estate sectors, painting an optimistic picture as the nation strides forward into the first half of 2023. A surge in the import of construction materials and equipment, registering a 0.4% increase, amounting to approximately US$911 million compared to the previous year, signifies an industry back […]
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Cambodia Attracts Tech Giants: Korean & Chinese Firms Explore Setting Up Advanced Factories
Cambodia’s fervent drive to foster technological progress and human resource development in the realm of cutting-edge industries is attracting the attention of major international players from China and South Korea. Diving into a realm of potential, these global giants are earnestly evaluating the feasibility of establishing advanced technology factories within Cambodia, including the pivotal domain […]
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Forging Stronger Ties: Cambodia Extends Invitation to Australia for AusTrade Office
A momentous meeting between the Cambodian private sector, led by Okhna Kith Meng President, of the Cambodian Chamber of Commerce, and Australian Special Envoy for Southeast Asia, Mr Nicolas Moore, marked a pivotal step towards fortifying bilateral relations between Cambodia and Australia through official meeting on 10 July 2023. At the heart of the discussion […]
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Vietnam’s Cutting-Edge Rubber Processing Plant Unveiled in Kampong Thom, Paving the Way for Enhanced Production
Vietnam’s Chipa rubber processing plant in Kampong Thom, capable of processing 2 tons of rubber per hour was officially launched in an inauguration ceremony on 28 July 2023. Located in Dang Kambit commune, Sandan district, Kampong Thom province, the factory’s completion aligns seamlessly with the planned timeline, showcasing the efficacy of strategic partnerships. Governor HE […]
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Cambodia’s Citizenship by Investment Ranked 11th, Emerges as Key Catalyst for Foreign Real Estate Interest
Cambodia’s real estate market is witnessing a surge in foreign interest, fuelled by its impressive Citizenship by Investment (CBI) program, which recently earned the remarkable 11th spot in Henley & Partners’ global rankings. This naturalisation offers foreign investors the gateway to become freehold landowners in the country. For years, foreign investors looking to invest in […]
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Vietnamese Automaker Invests US$2 bn in EV Factory Construction in North Carolina, USA
Vinfast, a Vietnamese electric vehicle manufacturer under Vingroup, and a pioneer in electric vehicle (EV) manufacturing, held a groundbreaking ceremony for its North Carolina electric car plant on 28 July 2023. This achievement sets the stage for a transformative economic development project with an impressive $2 billion investment in the first phase of construction, sprawled […]
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Unique Architectural Features of Asia’s Largest Wooden Building in Singapore
The Nanyang Technological University (NTU) of Singapore has just officially inaugurated the second-largest wooden building in the world with an area of 43,500 square metres and “the largest wooden building in Asia” in terms of the volume of timber used. The university named this masterpiece “The Gaia Timber” after the Greek goddess of Earth reflecting […]
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