Economy Ministry: Construction and real estate sector to experience 4-year slow down

The Ministry of Economy and Finance has forecasted that the construction and real estate sectors, the sub-sectors supporting economic growth, are to experience a slowdown from 2019 to 2022, although growth is expected to remain high. The report, which was handed to reporters during the 30 August Council of Ministers meeting, shows that the construction sector is expected to grow at a speed of 1...

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US$25 million needed for drainage system in Sihanoukville province

To avoid flooding during heavy rains, Sihanoukville will need about US$25 million to build a drainage system, according to the recent draft master plan. The result was presented at a workshop on the results of a feasibility study of the Master Plan for Wastewater Management in Sihanoukville on 24 August. Speaking to reporters after the seminar, H.E Sun Chanthol, Minister of Public Works and Tra...

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Bentley Systems announces the availability of OpenBuildings Station Designer

Uniquely integrates multidisciplinary design and pedestrian simulation for rail and transit stations Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, on 13 May announced the general availability of OpenBuildings Station Designer, a new multidisciplinary applic...

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Transport Minister breaks ground on two more road construction projects in Sihanoukville

The Minister of Public Works and Transport H.E. Sun Chanthol officially broke ground on two more provincial road renovation projects in Sihanoukville, following the damage caused by severe continuous flooding in the past month in the province. The two provincial roads include road no.146 B and road no. 148, which will be upgraded to DBST and steel concrete pavement. Road no. 146 B has a tota...

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10 global start-ups awarded for innovative construction technologies

At a recent Construction Start-up Competition 2019 hosted by CEMEX Ventures, a global leader in the building materials industry, ten start-ups from around the world have been awarded for innovating the most impactful technologies in the construction industry. Held in Mexico on 8 July, this three-day event was joined by wide range of industry-related firms from across the globe with the aim of f...

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Work on NR10 connecting Cambodia-Thai border to Sihanoukville to start soon

Construction work on National Road No.10 connecting the Cambodia-Thai border to Sihanoukville is set to start soon to help facilitate travel and the transportation of goods, according to the Minister of Public Works and Transport H.E Sun Chanthol. Speaking during a ground-breaking ceremony on a road in Sihanoukville on 20 August H.E Sun Chanthol said that National Road No.10 will connect the Sa...

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Bandar Malaysia to go ahead after 2-year suspension

The US$34 billion Bandar Malaysia mega-project will be re-launched according to the Malaysian government after the development was halted in 2017 following a dispute between the Malaysian and Chinese consortium partners. Malaysian Prime Minister Mahathir Mohamad announced in late April that the Kuala Lumpur project would continue with the same partners, Iskandar Waterfront Holdings (IWH) and Ch...

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US$100 million planned for restoration work on damaged infrastructure in Preah Sihanoukville

To restore the damaged infrastructure –roads, sewage system and build wastewater treatment system, about US$100 million has been planned for expense on restoration works and the construction is set to start at end of this month. H.E Vasim Sorya, spokesman at Ministry of Public Works and Transport, said on Tuesday that due to the damages of physical infrastructure in some part of Sihanouk town a...

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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA

by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as well as how to perfect a hypothec ag...

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Comin Khmere: Real Estate and Construction forum a good platform for knowledge sharing

The recent Real Estate and Construction forum on 31 May 2019 was also an excellent platform for knowledge sharing, said Comin Khmere, a subsidiary of Comin Asia Group, one of the country’s leading engineering solution provider. Comin Asia were a gold sponsor of EuroCham’s fourth edition of the Real Estate and Construction forum. The company believes that in addition to knowledge sharing the for...

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