Samdech Sar Kheng: NR development proposals shall be requested in package
Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior suggested that the next proposal for national road development should be requested as a package, as this would make it easier for approval and the construction itself. Samdech Sar Kheng made this statement at the Road Safety Monitoring Meeting on 27 February. “Whenever we propose […]
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Construction law will encourage more responsibility and trust in real estate investment
By Chhaya Addressing the 3rd Workshop on “Construction Law” Dissemination Seminar on Construction Professionals at the Garden City Hotel in Phnom Penh, On February 21, 2020; Deputy Prime Minister Chea Sophara, Minister of Ministry of Land Management, Urban Planning and Construction (MLMUPC) talked about the importance of implementation of the newly adopted “Construction Law” which […]
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Lvea Aem district to be partially integrated into Phnom Penh city
Lvea Aem district of Kandal province, on the eastside of Chaktumok river, has been confirmed to be partially integrated into a new district of Phnom Penh. The confirmation of the establishment of this new district has been made along with the plan of constructing a new bridge crossing the Mekong River linking Chroy Chongva to […]
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Japan provides US$ 890K grant aid for three major development projects in Cambodia
The Japanese Government has agreed to provide a total of US$890,471 in grant aid to develop and enhance three infrastructure projects in Preah Vihear and Pailin provinces. The agreement was made during the grant aid signing ceremony on 25 February, which was presided over H.E. Meikima Mashiro, the Ambassador Extraordinary and Plenipotentiary of Japan to […]
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New US$61-million five-star hotel approved for Sihanoukville
The Council for the Development of Cambodia (CDC) has recently approved a new US$61.3 million five-star hotel and commercial centre in Sihanoukville. Located in front of Sokha Hotel in Village 4, Sangkat 4, Sihanoukville, this 5-star hotel has a total of 373 rooms, and is an investment by Won Majestic (Cambodia) Co., Ltd. Besides being […]
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Cambodia among the top 10 destinations for affordable five-star hotels in the world
Cambodia is among the top 10 destinations in the world for affordable five-star hotels and is the only country in Asia listed in the ranking, which is dominated mostly by European countries. According to a study conducted by The Hotel Guru, European countries generally come out on top, with seven out of the top 10 […]
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CDC approves US$12 million investment in three construction material factories
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently given permits to three firms to invest a total of US$12 million in establishing three construction material factories in Phnom Penh, Sihanoukville and Takeo. The first project is an investment of about US$ 2.5 million by Ningo Bainian (Cambodia) Electric Appliance […]
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Experts: EBA withdrawal, COVID-19 opportunities for long-term investment
Local real estate experts suggest that the EBA withdrawal and COVID-19 epidemic are not significant problems for Cambodia, but rather good opportunities for property investors with long-term vision. According to Ms. Grace Rachy Fong, CEO of Century 21 Cambodia, Cambodia has been doing very well in putting this under control, as seen by only one […]
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Special offer up to $80,000! Chip Mong Land opens three projects for sale at once
Chip Mong Land, a well-known real estate development company in Cambodia, will open three new project sale with at once with a special offer that you can save up to US$ 80,000. To the held from 29 February to 1 March 2020. the event will take place in Park Land 598, along the Chea Sophara […]
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Tax on agricultural land exempted for another 100 years, says PM Hun Sen
The government has exempted tax on agricultural land for more than 41 years and will continue to exempt it for another 100 years or as long as the ruling party is in power, according to the prime minister. Samdech Techo Hun Sen made the announcement on 26 February during the inauguration ceremony for the official […]
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Cambodia Airports vows to finish Sihanoukville Airport expansion by 2022
Cambodia Airports has vowed to finish the first phase of the Sihanoukville Airport expansion project by mid-2022, following the final master plan to boost this airport to accommodate larger aircraft and handle up to 10 million passengers per year. The statement was made during a meeting between the State Secretariat of Civil Aviation between the […]
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PM Hun Sen inaugurates NR58 connecting Banteay Meanchey to Oddar Meanchey
Cambodian Prime Minister Samdech Hun Sen and the Chinese Ambassador to Cambodia Wang Wentian on 26 February together presided over the inauguration ceremony for the official opening of the National Road No. 58 connecting Banteay Meanchey to Oddar Meanchey. National Road No. 58 is 174km long connecting Samrong city in Oddar Meanchey to the National […]
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