Local News
Renowned Cambodia Investor Still Optimistic on Construction Sector Prospects
Despites a decrease in investment for construction sector in 2018, renowned Cambodia investors remain optimistic about the construction and real estate sectors in Cambodia. At the recent construction exhibition organised by the Cambodia Constructors Association (CCA) Neak Oknha Pung Keav Se, Chairman of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), expressed his optimism about the sectors’ prospects.
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Land Minister Sets Out Three Proposals to Promote Construction Standards
In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associations (CCA).
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Artificial Dinosaur Zoo Planned for Chroy Changvar
In order to attract tourists to Chroy Changva Satellite City, OCIC, led by Neak Oknha Pung Keav Se, is currently developing a huge artificial dinosaur zoo. On 29 November, 2018, Neak Oknha Pung Keav Se told reporters at the Cambodia Construction Industry Exhibition organised by the Cambodian Constructors Associations (CCA) that the construction of the artificial dinosaur zoo would cover more than 200 hectares of land and will be surrounded by a food palace.
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Largest Gathering Yet for Construction Industry at MBAM Onebuild 2018
The Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) held in collaboration with the Master Builders Association Malaysia (MBAM) successfully took place from 13- 15 November 2018 at Kuala Lumpur Convention Centre, Malaysia. This year, the exhibition managed to attract thousands of visitors from both the government and private sectors as well as international visitors from Australia, Japan, Cambodia, Korea, Mauritius, India and more. In addition, positive feedback was also received from exhibitors that many business transactions were initiated during the exhibition and it is estimated that there will be RM100 million (about US$24 million) in business transactions after the exhibition.
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Singapore RCA announces scholarships for grade 12 graduates and construction and property professionals
The Singaporean Royal Chartered Academy Institutes (RCA) has announced scholarship opportunities for students who successfully passed their national examination as well as for working professionals within the construction and property sectors. According to the recent announcement by RCA, these scholarship opportunities are being offered to students who graduated with an A, B, or C grade […]
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Annual Cambodia Construction Industry Expo of Cambodia Constructors Association Kicks Off
The annual Construction Industry Exhibition has kick starts under participation of delegates of public and private representative. Organized by the Cambodia Constructor Association (CCA) chaired by Neak Oknha Pung Kheav Se, the Cambodia Construction Industry Exhibition this year has returned bigger and better.
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Construction of Gold Tower 42 Remains on Course
After being reinstated following cooperation with Chinese companies, the Gold Tower 42 project,now renamed to GT42, remains on course with construction actively progressing. A few days ago, an employee of Yon Woo Cambodia, the new owner of the GT42 project, told Construction&Property Magazine by telephone that the project is still on going as planned.
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Construction and Real Estate Continue to Pose Risks for Financial Sector in Cambodia
While Cambodia's economy is expected to grow by 7.1% in 2018, the construction and real estate sectors continue to pose risk to the financial sector, according to the World Bank. The World Bank report entitled 'Cambodia Economic Update' published on 28 November, 2018, highlighted that "risks in the financial sector continue to grow, with large exposure to the construction and real estate sector".
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Thailand to Double Greater Bangkok Airport Capacity
Thailand has announced plans to more than double the passenger capacity of airports in the greater Bangkok area in an effort to compete with Singapore as the regional aviation hub. The government’s ambitious plan includes utilising tiny U-Tapao airport, a former military air base 100km southeast of Bangkok. Currently handling 300,000 passengers a year, mostly to Pattaya, the Thai administration intends to transform U-Tapao into a major hub managing 60 million people a year.
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Prince Real Estate Headquarters Building Structure Completed
Chinese real estate firm Prince Real Estate (Cambodia) Group has completed construction of its headquarters, according to the company. The company's Facebook page announced the completion of the building structure of its headquarters in mid-November,while construction is set to be completely finished by April 2019.
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