Construction Focus
Number of Registered Engineers Up By 103.2%, Architects By 40.9%
The number of registered professionals in the construction sector by the end of 2020 increased by an average of 71.5% compared to 2019, thanks to the implementation of the new construction law, according to the Minister of Land Management, Urban Planning and Construction HE Chea Sophara. HE Chea Sophara revealed this data during the online […]
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Unlicensed Construction Sites Reduced by 7.7% After Construction Law Enforced
The construction sector in Cambodia has seen further regulation since the new construction law was implemented in 2019. One positive result has been that the number of unlicensed construction sites nationwide dropped by over 7.7% from 2019 to the end of 2020. This data was presented during an online meeting between the Minister of Land […]
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Gov’t Approves Six New Investment Projects Worth Over US$100 million
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building six factories, worth a total budget of approximately US$106.3 million in Kandal, Takeo, Kampong Speu and Preah Sihanouk provinces. The first investment permit has been granted to Yiankang Biological Technology Co., Ltd to invest US$2.9 million in building […]
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Tokyo-Nagoya Maglev Line Construction to Cost US$14 billion More
The ultra-high-speed maglev train project running between Tokyo to Nagoya is expected to cost up to US$64 billion, an increase of almost US$14 billion in addition to the original estimated cost, according to Nikkei Asia. The increase in budget is from the higher than expected costs for building complicated segments as well as from earthquake-proofing […]
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World’s Largest Ecotourism Project Gets US$3.76bn, First Phase Open Next Year
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project on the Red Sea has closed a US$3.76 billion term loan with four Saudi banks. Meanwhile, the resort is expected to welcome tourists for the first time in 2022. According to the firm’s press release on 27 April, Banque […]
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OCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known […]
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Three Cambodian International Airports to Have Major System Upgrades
Three international airports in Cambodia will soon have a major system upgrade as the operator Cambodia Airports has recently inked a deal with renowned Spanish IT provider Amadeus to bring in a new management system called Amadeus Flow. With the new approach, Cambodia Airports can temporarily reallocate resources not in use. One example would be […]
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at […]
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least […]
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ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional […]
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