Giant Real Estate Firm to Develop Commercial Centre Around Kbal Thnal Flyover
Giant real estate firm Prince Real Estate (Cambodia) Group Co., Ltd has disclosed its plan to develop a commercial centre around the Kbal Thnal flyover area in the near future.
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Korea to Establish Institute of Construction Technology in Cambodia
In order to help improve the standard of road construction in Cambodia, Korea is planning to build an Institute of Construction Technology for Cambodia, according to the outcome from a fact finding visit to Korea by Cambodian delegates on 18 September 2018. The Korean government, through its Korean Institute of Construction Technology (KICT) based in […]
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Singapore Real Estate Firm Eyes Cambodia’s Hotel Market
Ascott Limited, a Singapore-based serviced residence owner-operator, is keen to expand its business hotels into Southeast Asia with Cambodia being one of the company’s immediate targets, according to their press release.
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Prime Minister Samdech Techo Hun Sen Orders U-turn on Prek Treng Beach Development
H.E Chea Sophara, Deputy Prime Minister and Minister of Ministry of Land Management Urban Planning and Construction (MLMUPC), and his team inspected the coastal land at Prek Treng in Sihanoukville Province on 18 September and ordered a U-turn on the development of Prek Treng Beach as ordered by Prime Minister Samdech Techo Hun Sen, according […]
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South Korea Keen to Help Cambodia on Systematic Infrastructure Development
The Republic of Korea is keen to help Cambodia on Systematic Infrastructure Development, according to H.E Kim Hyun Mee, Minister of Land, Infrastructure, and Transport of the Republic of Korea. In a meeting with H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport held on 17 September, H.E Kim Hyun Mee said […]
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Inappropriate Renovations Cause Building to Collapse in Siem Reap
The collapse of a French colonial building on Sunday in Siem Reap during renovations was caused by an inappropriate renovation and a lack of construction techniques, according to a government official.
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Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018.
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Siemens and Bentley Systems strengthen their strategic alliance and joint investment initiatives
Photo: #YII2017 In the companies’ latest Alliance Board meeting, Bentley Systems and Siemens decided to further strengthen their strategic alliance. The two companies have decided to extend their existing agreement, to further develop their joint business cooperation and commercial initiatives. Therefore, the joint innovation investment program will be increased from the initial €50 million funding […]
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Cambodia Signs 12 Mous With China Worth More Than Us$80 Million
The Ministry of Commerce (MoC) signed 12 memoranda of understanding (MoU) with China during the 15th China-ASEAN Expo on 13 August worth more than US$80 million. According to the MoC, the comprehensive agreements will cover cooperation in key areas including: 1) Business-to-Business 2) Human resource training for tour guides and engineering (high-speed railway, hydropower dams […]
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Cambodia’s Economy to Grow at 7.2% Driven by Strong Construction Activities
The ASEAN+3 Macroeconomic Research Office (AMRO) has forecast that Cambodia’s economy is to grow at 7.2% in 2018, supported by strong construction activities and other important sectors such as garment manufacturing and tourism-related services. The forecast came as a result of AMRO’s preliminary assessment following its Annual Consultation Visit to Cambodia on September 4 to […]
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Cambodian-made Roof Tile “KRock” Goes International
Photo by Krock With the increasing demand by the construction industry for high-quality roof tiles, leading Cambodian roof tile brand Khmer Rock (KRock) is expanding its supply chain into the Southeast Asian market. In an exclusive interview with Construction & Property Magazine, Mr. Bun Nara, Managing Director of KRock Manufacturing Co.,Ltd, said that the company […]
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China Dominant in Cambodia Property and Tourist Sector
A new report by Business Times shows that China is driving Cambodia’s property and tourism sector with massive investment expected to continue flowing into the country.
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