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ខ្មែរ Construction Focus
Sembcorp Targets Low-Carbon Leadership with Bold Industrial Park Expansion Across Asia Eyeing Vietnam & Indonesia First
- 22 August 2024
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 GDP performance, increased manufacturing act...
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Chinese Association Proposes New SEZ on 32 Hectares in Takeo Province
- 21 August 2024
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. Oknha Taing Lak Hav, President of the Ch...
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
- 14 August 2024
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology Co., Ltd. The company, which curren...
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NR No. 23 Rehabilitation Reaches 57.5% Completion with ADB Loan of US$21.68m
- 12 August 2024
The rehabilitation of NR No. 23, a key infrastructure project in Cambodia, has achieved a significant milestone with 57.5% completion as of July 2024. The project, spanning 19.83 kilometres from Leuk Dek commune, Koh Thom district to Peam Reang commune, Leuk Dek district in Kandal province, is supported by a concessional loan of US$21.68 million from the Asian Development Bank (ADB), secured in...
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Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
- 9 August 2024
In the first half of 2024, Cambodia's Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to a Socio-Economic Trend Report...
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
- 5 August 2024
The construction of Cambodia's monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country's economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-ow...
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Global Supply Chain Shift from China, While Thailand Emerges as Key Player
- 4 August 2024
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones Lang LaSalle (JLL) published by ...
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Korea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
- 3 August 2024
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
- 30 July 2024
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on 26 July 2024. Credi...
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Feasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
- 17 July 2024
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has been partially completed. ...
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