Construction Focus
Ministry of Justice to Launch Commercial Court in 2023
The Ministry of Justice plans to launch Cambodia’s first commercial court in 2023 to resolve trade disputes and to build confidence for both local and foreign investors in Cambodia. The Ministry of Justice, in collaboration with the Asian Development Bank in Cambodia, organised a symposium on “Establishment of the Cambodian Commercial Courts” on 29 November […]
Read More
Four Firms Conducts Feasibility Studies on PP-SR Expressway Project
Four companies are now conducting feasibility studies on the construction of an expressway between Phnom Penh to Siem Reap province. Minister of Public Works and Transport HE Sun Chanthol said on 29 November that the result of the study is expected to be completed soon. “I believe that in the future we will have the […]
Read More
National Assembly Approves Draft Budget for 2023
The National Assembly on Tuesday approved the draft budget law 2023 under the chairmanship of Kittisethabindit Cheam Yeap, Acting President of the National Assembly. According to the draft law of budget bill 2023, the government plans to spend 39,206,205 million riels, equivalent to US$9.6 billion, equivalent to 29.87% of GDP, an increase of 13% compared […]
Read More
Construction of New Siem Reap Hospital Building Over 28% Complete
Construction of a new hospital building in Siem Reap funded by JICA has reached 28% completion and is scheduled for opening in September 2023, according to an inspection by HE Mam Bun Heng, Minister of Health, on 28 November. The minister said Japan’s assistance in the construction of hospital buildings and the installation of modern medical […]
Read More
Construction of Mekong River Bridge in Kratie to Begin Soon
The construction of the new Mekong River bridge in Kratie province is set to begin soon, according to the official discussion on 28 November chaired by HE Lim Sidenin, Secretary of State of the Ministry of Public Works and Transport. HE Lim Sidenin said the meeting allowed the firms to present the results of the […]
Read More
ASEAN MAYORS FORUM 2022 to Focus on Building Smart Cities
Cambodia will participate in the ASEAN MAYORS FORUM 2022, which brings together representatives from about 80 cities and provinces in the ASEAN region and more than 30 major cities outside ASEAN. This forum will be held on December 2 and 3, 2022 in Phnom Penh. PP Governor HE Khuong Sreng said that this year’s ASEAN […]
Read More
1,175 Construction Projects Approved in Q3 2022
In Q3 of 2022, the government approved a total of 1,175 construction projects, an increase of 147 projects or 14.3% compared to the same period last year, according to the economic and financial statistics bulletin for the third quarter of 2022. Among all projects, residential, villa, industrial, and public construction saw an increase in number […]
Read More
Total Construction Loans Stand at US$4bn; Real Estate at US$10bn as of Q3 2022
As of the third quarter of 2022, loans provided by banks in the construction sector totalled approximately US$4.28 billion, an increase of 19.1% y-o-y. Meanwhile, credit given to the real estate sector was at around US$10 billion, also up by 34.1% year on year. According to the economic and financial statistics bulletin for the third […]
Read More
UN Urges Cambodia to Strengthen Road Safety
The UN Special Envoy for Road Safety has urged Cambodia to strengthen road safety measures through the implementation of multiple projects, emphasising that road safety is still a challenge in Cambodia. The concern was raised during the meeting between Special Envoy of the United Nations HE Jean Todt with Minister of Public Works and Transport […]
Read More
BYD Auto Mulls Building 200 EV Charging Stations in Cambodia
BYD Auto, a major importer of Chinese electric vehicles to Cambodia, has unveiled plans to build 200 EV charging stations in various locations across Cambodia by 2023. The plan was proposed during the meeting between Minister of Public Works and Transport HE Sun Chanthol and Regional Director of BYD Auto Industry Mr Henry Yip on […]
Read More