Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the […]
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued […]
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WB: High Credit Growth in Construction & Real Estate Remain Key Risks to Cambodia’s Economy
The high credit growth and concentration of domestic credit in the construction and real estate sector remains a key risk to Cambodia’s financial stability despite the GDP growth rate projection of 4.5% in 2022, according to the latest World Bank report issued on 9 December. The report added that domestic credit in the construction and […]
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DPM Tea Banh: New National Defence Ministry Equipped with Numerous Unique Features
Deputy Prime Minister and Minister of National Defence Samdech Tea Banh has expressed his pride in the newly completed Ministry of National Defence headquarters, citing that the building is equipped with numerous special features. Not revealing all the features, DPM Tea Banh only said that one of the special functions of the building is the […]
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Construction Starts on Cambodia’s Largest Biomass Power Plant
Heineken Cambodia has begun the construction of its biomass power plant to generate thermal energy for its brewing process. The company said during the ground-breaking event held on 8 December that the plant will be Cambodia’s largest Biomass Power Plant as a key part of the firm’s commitment to Brew a Better Cambodia. Built under […]
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NR21B Rehabilitation Work in Kandal Province Set for Completion in One Month
The expansion and rehabilitation of the 3km section of the NR21B connecting NR2 junction to Prek Samrong Bridge roundabout in Kandal province is scheduled to be completed in a month. The timeline was confirmed by HE Sun Chanthol, Minister of Public Works and Transport, who led the technical working group to inspect the site on […]
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TRIBE to Open Hotel in Cambodia in 2022
TRIBE, part of Ennismore, a global collective of lifestyle brands, is preparing to open a hotel in Cambodia in February next year, becoming its first hotel in Southeast Asia. Named TRIBE Phnom Penh Post Office Square, the hotel has 260 rooms, according to a press release. The hotel will bring a bold design edit to […]
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Study Complete for SHV Port Expansion Project Phase 2 & 3
The Minister of Public Works and Transport HE Sun Chanthol has given full support to the study result of Sihanoukville deep seaport expansion project Phase 2 & 3 that have just been completed by JICA. HE Sun Chanthol provided the feedback during a meeting with Director General of Sihanoukville Autonomous Port HE Lou Kim Chhon […]
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New Large-Scale COVID-19 Treatment Centre to be Built on 6ha in Prek Pnov
Cambodia Prime Minister Samdech Hun Sen once again ordered the Phnom Penh Governor to cooperate with the Ministry of Health to speed up work on constructing a new large-scale COVID-19 treatment centre, aiming for completion before 2023. The order was given during the PM’s site inspection on the construction progress of the new Phnom Penh […]
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New Pnnom Penh Airport Named ‘Techo International Airport’; Now 27% Complete
As of December 2021, the construction project of the new Phnom Penh Airport, which has recently been renamed as the “Techo International Airport, Takhmao City” has reached 27% completion, on track to start operation by 2023. This is according to the site inspection by Cambodia Prime Minister Samdech Hun Sen on 9 December. On this […]
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PM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction
Prime Minister Samdech Hun Sen has urged local financial institutions to invest in the new Phnom Penh International Airport in Kandal province through the US$300-million guaranteed bond issued by Cambodia Airport Investment Co., Ltd (CAIC). Among the total bond amount, to date, over US$80 million have been issued to many firms such as banks, insurance […]
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Siem Reap, JICA Accelerate Smart City Project Masterplan Progress
The Siem Reap Provincial Administration and the Japan International Cooperation Agency (JICA) have discussed the progress of the smart city master plan, to accelerate implementation. The discussion focusing on technical cooperation was chaired by Siem Reap Governor HE Tea Seiha and JICA (Cambodia) Director Kamei Haruko. In the decision, the two parties also agreed to […]
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