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ខ្មែរ Construction Focus
Iron & Steel Imports Value in Q1 at US$84 million, 3.5% Y-o-Y Increase
- 18 April 2022
The value of steel and steel imports in Q1 2022 was US$84 million, an increase of 3.5% compared to the same period last year, according to the three-month report of the General Department of Customs and Excise. In March alone, the value of steel and steel imports amounted to US$26.29 million, the report added. During the first quarter, the GDCE collected a total of duties of approx. US$590 m...
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Indonesia’s First High-Speed Railway to Start First Trial in November
- 18 April 2022
Indonesia’s first high-speed railway connecting the country's largest cities of Jakarta and Bandung is set to begin a test run in November in time for the G20 meeting in Bali, reported GCR. After a difficult six-year construction period, the project is now at 80% completion, according to the governor of West Java province Ridwan Kamil. With test runs expected in November this year, the actua...
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Oman’s US$1bn Sustainable Tourism City Launched in Oman
- 18 April 2022
Oman has officially launched the first phase of its US$1-billion mega coastal tourism city development— the Yiti Sustainable City. Spreading on over 100ha of land in Muscat, the project is being implemented by Tourism Development Company (Omran Group) and Diamond Developers. According to the firm’s press release on 30 March, the first phase will include 1,657 energy-efficient residential uni...
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Canada to build multibillion-dollar hyperloop train linking 2 major cities
- 11 April 2022
French Canadian firm TransPod says it has already raised US$550 million for its multibillion-dollar project to build an ultra-fast vacuum tube link between Calgary and Edmonton, reported GCR. The money was raised from UK project finance group Broughton Capital and Chinese state-owned industrial trading company China-East Resources Import & Export. If it is built, the hyperloop would whis...
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World’s skinniest skyscraper completed in New York
- 9 April 2022
The world’s skinniest skyscraper in the world located in New York City— Steinway Tower or111 West 57th Street— has been completed and is ready for residents to move in. This luxurious apartment tower has a height of 435m, 24 times of its width, with a total of 84 floors and over 530,000 sqm of floor space. Developed by JDS Development Group and Property Markets Group with a cost of US$2 bill...
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Germany, Norway mull building hydrogen pipeline as alternative to Russian gas
- 6 April 2022
Germany and Norway mull building a hydrogen pipeline linking the two nations to reduce Europe’s dependence on Russian energy supplies, reported Bloomberg. The two nations already signed a statement last month agreeing to build infrastructure to support the export of hydrogen from Norway to Germany. The feasibility study on the project is set to be conducted soon. “Over the coming months a...
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PM Tells Real Estate Developers in SR to Embrace Cultural Value, Not Only Profit
- 4 April 2022
Prime Minister Hun Sen has told all real estate investors who wish to or are currently investing in Siem Reap to embrace the common interests and cultural values of Angkor park rather than focusing solely on profit. Said during the inauguration ceremony of 38 roads in Siem Reap on 4 April, PM Hun Sen used a Khmer proverb "Don’t grab benefit from only one tree, but instead look at the whole fore...
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World’s Tallest Hotel Complete in Late 2023
- 1 April 2022
Construction on a 365m tall hotel in Dubai is now halfway and is scheduled to be completed in late 2023, to become the world’s tallest building. Named Ceil, the tallest hotel in the world is being built by the China Railway Construction Corporation. Construction on the world's tallest hotel has continued despite the broader challenges of COVID-19, reported Construction Week in early March. ...
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Turkey breaks world record of having longest suspension bridge
- 30 March 2022
The world’s longest suspension bridge was put into use in Turkey in earlier March, making Turkey take the title from Japan (Akashi Kaikyo Bridge) for having the world’s longest suspension bridge. Named 1915 Çanakkale Bridge, this bridge was built cross over the Dardanelles Waterway in Turkey, stretching over 2,023 meters long, according to the Time Out reported on 28 March. Took 5 years to c...
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Chamber of Commerce Discusses Challenges & New Opportunities in Construction Sector
- 25 March 2022
The Cambodian Chamber of Commerce (CCC) has held a meeting to discuss challenges, proposed remedies, and new investment opportunities for the construction and real estate sector after being under pressure from the COVID-19 for more than two years. Held on 24 March, the meeting was chaired by CCC Vice President, Oknha Ly Hour and joined by representatives of the Cambodia Constructors Association...
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