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ខ្មែរ Construction Focus
Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
- 31 January 2024
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation's total trade volume, which stood at US$46.83 billion. ...
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OCIC Group and French Partners Unveil Plans for Cutting-Edge Coding School in Koh Pich
- 31 January 2024
In a landmark collaboration, OCIC Group, a prominent Cambodian real estate developer, has joined forces with French company Platform Impact to establish a world-class coding school in Koh Pich, Cambodia. The Memorandum of Understanding (MOU) was signed during the Cambodia Delegation visit to France, in the presence of Prime Minister Hun Manet, at Medef, as reported by CIR news on 30 January 2023. ...
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ADB Affirms Support for Second Doppler Radar Station at Takhmao New Airport
- 30 January 2024
The Asian Development Bank (ADB) has reiterated its commitment to finance the installation of the second Techo Sen Doppler Radar station. The designated location for this advanced meteorological infrastructure is Techo Takhmao International Airport in Kandal Stung district, Kandal province. This affirmation was revealed in a recent meeting between HE Tho Chetha, Minister of Water Resources and Met...
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Tbong Khmum Governor Courts Malaysian Giant for High-Stakes Renewable Energy Venture
- 29 January 2024
HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on 15 January 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centred around renewable energy and poverty reduction within Tbong Khm...
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CamGSM Secures US$70m for Telecom Upgrading for 5G Internet Backed by GuarantCo Guarantee
- 29 January 2024
In a landmark move, Cambodian telecommunications leader CamGSM, popularly known as Cellcard, has successfully raised US$70 million through a bond issue, fortified by a GuarantCo Guarantee, signalling a significant stride in the augmentation of its telecom infrastructure, according to Realassets.ipe.com on 24 January 2024. The substantial capital infusion from the bond and accompanying loan is e...
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The road connection from Koh Tonsay Port to Angkol Beach Reaches 95% Completion
- 25 January 2024
In a testament to progress and connectivity, the road connection between the Koh Tonsay port to Angkol Beach in Kep province has achieved an impressive 95% completion as of January 2024. The visionary project, initiated by HE Som Piseth, Governor of Kep Province, in collaboration with CCT, commenced on 17 January 2023. HE Som Piseth reported on the substantial advancements in the project, highl...
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While China-Western Trade Tension Increases, China-ASEAN Trade Increases, with US$616bn Surge Projected
- 22 January 2024
In the face of persistent trade tensions and escalating barriers between China and the West, a new analysis by Boston Consulting Group (BCG) forecasts a substantial surge in trade between China and the Association of Southeast Asian Nations (ASEAN). According to a zawya.com report on 9 January 2024, this burgeoning economic partnership is poised to reach an impressive US$616 billion in the coming ...
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Thailand’s Visionary Leap: US$8.8bn ‘Eastern Aviation City’ Set to Soar in Easter Provinces
- 21 January 2024
In a groundbreaking venture, Thailand is poised to construct the ambitious 'Eastern Aviation City,' a cutting-edge transportation hub set to revolutionize the nation's east coast. With a staggering budget of US$8.8 billion, this transformative project encompasses the expansion of U-Tapao International Airport and the birth of Eastern Airport City, marking it as Thailand's most expansive undertakin...
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Cambodia’s Construction Material Imports Surpass US$1.3bn in 2023
- 17 January 2024
Cambodia's construction sector continues its upward trajectory as the nation imported construction materials worth a notable US$1.33 billion in 2023, marking a modest increase from the previous year. The report released by the General Department of Customs and Excise reveals a 0.33% uptick in the import value of construction materials compared to the 2022 figure of US$1.325 billion, signalling ...
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Thailand to Forge Alliance with Cambodia to Confront Transboundary Haze Menace
- 17 January 2024
In a groundbreaking move, Thailand Prime Minister Srettha Thavisin announced an unprecedented collaboration with Cambodia to combat the persistent issue of transboundary haze pollution. The joint initiative revealed ahead of a pivotal meeting with Cambodian Prime Minister Hun Manet on 7 February, signals a united front against the detrimental impacts of cross-border haze pollution, according to Th...
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