Construction Focus
Korean Incheon Airport Corporation Expands Global Footprint with USD 13bn Project in Vietnam
In a significant move to expand its global presence, Incheon International Airport Corporation has been selected as the preferred contractor for consulting services on the operation of Vietnam’s new Long Thanh International Airport. The project, which marks a major milestone in Southeast Asia, is set to reduce congestion at the overburdened Tan Son Nhat International […]
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Malaysia’s High-Speed Rail Project Gains Momentum Amid Hopes for China Extension
Malaysia’s long-anticipated High-Speed Rail (HSR) project, linking Kuala Lumpur and Singapore, is gaining traction with the potential to extend the line to China, which could significantly enhance its economic viability. The project, which is estimated to cost between USD 15.7 billion and USD 18 billion, represents a significant reduction from the original USD 24.7 billion […]
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NR No. 4 Rehabilitation Project Reaches 66% Completion, Targeting 2026 Finish
The ambitious project to rehabilitate, expand, and upgrade NR No. 4 from Bek Chan commune in Kandal province to Bit Trang commune in Preah Sihanouk province has achieved a significant milestone, reaching 66.06% completion as of August 2024. The project is on track to be fully completed by the end of 2026, according to the […]
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Kampot Unveils Cambodia’s Tallest & Largest Khmer-Style Clock Tower to Boost Tourism
Kampot province has unveiled Cambodia’s tallest and largest clock tower, standing at 35 metres high, with a clock face nearly 10 metres in diameter. This impressive structure, designed in traditional Khmer style, was officially launched during the groundbreaking Ceremony, attended by HE Dr Mao Thunin, Governor of Kampot Province, and Lok Chumteav Hun Chanthy Mao […]
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Irrigation Rehabilitation Project in Southwest Phnom Penh Reaches 25% Completion
The extensive rehabilitation project aimed at enhancing the irrigation and drainage systems in Kampong Speu, Takeo, and Kandal provinces has reached 25% completion, as confirmed by HE Pich Veasna, Undersecretary of State at the Ministry of Water Resources and Meteorology, on 22 August 2024. This milestone was announced during an inspection of the project’s progress, […]
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Sembcorp Targets Low-Carbon Leadership with Bold Industrial Park Expansion Across Asia Eyeing Vietnam & Indonesia First
Sembcorp Industries (Sembcorp) is set to lead the development of low-carbon industrial parks in Asia, with a strategic plan to expand its land bank to 18,000 hectares by 2028 and boost its industrial property portfolio from 100,000 square metres to 1.5 million square metres. With Vietnam and Indonesia presenting robust growth opportunities due to strong […]
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Key Roads in Kratie Province Near Completion with 68.7% Progress Across 48.59km
The rehabilitation of two vital roads in Kratie province, extending over 48.59 kilometres, has reached a 68.7% completion milestone as of 19 August 2024, marking significant progress in the province’s transportation infrastructure upgrade, according to a progress report by the Ministry of Public Work and Transport dated 19 August 2024. This project includes extensive improvements […]
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Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
The Chaosan Chinese Business Association has proposed the establishment of a new Special Economic Zone (SEZ) on a 32-hectare site in Bati district, Takeo province, with the primary objective of creating job opportunities for the local population. This initiative was discussed during a meeting between HE Vy Samnang, the Governor of Takeo Province, and Mr. […]
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Laos Launches Gold Bank to Strengthen Financial Stability & Support Lao Kip
Laos is set to launch its first Gold Bank next month, an initiative aimed at bolstering gold reserves and enhancing the financial stability of the Lao Kip. The establishment of the “Lao Bullion Bank” is a result of a recent agreement between the Lao Ministry of Finance and PTL Holding Co., Ltd., with the full […]
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Singapore Invests USD 400m in Cambodia Over Five Years
Over the past five years, Singapore has emerged as one of the top 10 sources of foreign direct investment (FDI) in Cambodia, with a total investment of USD 400 million, according to the Council for the Development of Cambodia (CDC). This significant influx of capital was highlighted at the Singapore Business Fair 2024, underscoring Singapore’s […]
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