Construction Focus
Inauguration of Cambodian-Chinese Traditional Medicine Research Centre at Preah Kosomak Hospital
A significant step towards advancing healthcare in Cambodia was celebrated on 12 October 2023, as the Cambodian-Chinese Traditional Medicine Research Centre within the Cambodia-China Friendship Hospital Preah Kosomak was officially inaugurated. This momentous occasion was hosted by HE Professor Chheang Ra, Cambodia’s Minister of Health. During the inauguration, HE Minister Chheang Ra emphasised the Ministry […]
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Indonesia Unveils Southeast Asia’s First High-Speed Railway
In a historic milestone, Indonesia inaugurated Southeast Asia’s maiden high-speed railway on 2 October. This remarkable project, with a price tag of US$7.3 billion, stands as a testament to China’s expansive Belt and Road infrastructure initiative. Predominantly financed by Chinese state-owned corporations, the grand unveiling of this high-speed rail line signifies a significant leap forward […]
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Gov’t Greenlights 7 New Factories Worth US$40.8 Million in Kandal, Kampong Speu & Phnom Penh
In a resounding endorsement of Cambodia’s economic prospects, the Council for the Development of Cambodia (CDC), has recently given its approval to seven companies to establish cutting-edge factories with an impressive combined investment of US$40.8 million. These strategic endeavors are set to create over 11,000 job opportunities for residents in Kandal, Kampong Speu, and Phnom […]
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Cambodia Attracts 191 Projects Worth Over US$3.7 Billion in 9 Months
In a significant boost to Cambodia’s economic prospects, the Council for the Development of Cambodia has given the green light to 191 fresh production expansion and investment projects in the first three quarters of 2023, marking an increase from the 150 recorded during the same period the previous year. These collective production expansion and investment […]
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Siem Reap Receives a Heartfelt Gift: Cardiac Surgery (PCI) Building Funded by Christian Association
The Church of Jesus Christ of Latter-day Saints is set to contribute to the Siem Reap Provincial Referral Hospital by constructing a state-of-the-art Cardiac Surgery (PCI) building. This philanthropic endeavour was unveiled during a meeting between Mrs You Sophea, Deputy Governor of Siem Reap, and the Christian association on 10 October 2023. The project outlines […]
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Cambodia’s Robust Construction Sector Fuels US$280 Million Iron & Steel Imports in Nine Months
Amidst Cambodia’s burgeoning construction industry, iron and steel imports have surged, with the first nine months of 2023 witnessing over US$280 million worth of these crucial materials entering the country. This figure represents a substantial 3.2% increase from the previous year, as reported by the General Department of Customs and Excise in their latest release […]
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Three Provinces Celebrate Pchum Ben with Big Investment Gifts
The Council for the Development of Cambodia (CDC) has given the green light to three prominent companies to establish manufacturing plants with a total investment of US$12.8 million. This strategic move is expected to generate over 2,200 jobs, benefiting local communities in Svay Rieng, Banteay Meanchey, and Sihanoukville provinces. The trio of enterprises slated to […]
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World Bank Confirms Cambodia’s Robust Growth Projections: 5.5% for 2023, 6.1% for 2024
The World Bank has reasserted its growth predictions for Cambodia, maintaining a forecast of 5.5% for 2023 and raising it to 6.1% for 2024, according to the latest East Asia and Pacific Economic Update on 9 October 2023. The report affirms that Cambodia’s economic prosperity is propelled by key sectors such as garment exports, tourism, […]
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Gov’t Unveils 15 Land & Construction Policies for Advancing Urban Development
In an effort to bolster urban planning and construction in Cambodia during its seventh mandate, the Ministry of Land Management, Urban Planning, and Construction has introduced 15 pivotal policy priorities. His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, unveiled these policies during a recent meeting with […]
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PPAP Reports US$23 Million Earnings for First Eight Months of 2023, Sees 9% Decrease
In the first eight months of 2023, the Phnom Penh Autonomous Port (PPAP) disclosed earnings amounting to US$23,431,210. However, this figure represents a 9% decrease when compared to the corresponding period last year. This financial update was officially released in a press statement by the Phnom Penh Autonomous Port on 13 September 2023. The reported […]
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