Construction Focus
Cambodia, Laos jointly studies two priority locations to open a new border crossing
Cambodia and Laos have announced plans to open a new border crossing that will connect Phu Vong district in Attapeu province of Laos to Vern Sai district of Ratanakkiri province in Cambodia. The two countries are currently studying two possible locations for the crossing, according to HE Nhem Sam Oeun, Governor of Ratanakkiri Province 4 […]
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Cambodia and Korea Sign US$1.6 Billion Concessional Loan Agreements for Development Projects
Cambodia and Korea signed 32 concessional loan agreements worth a total of US$1.6 billion to finance 29 development projects and programs by 2022. This was announced during a courtesy call between HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and HE Park Jung-Wook, Korean ambassador to Cambodia, on 3 April. Under […]
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New Rehabilitation Center in Poipet Nears Completion, Aiding Victims of Human Trafficking
The New Rehabilitation Center in Poipet, valued at US$2.3 million, is now over 55% complete, with the remaining work scheduled to finish in August 2023. A recent site visit conducted by HE Nhek Vannara, Secretary of State of the Ministry of Social Affairs, Veterans and Youth Rehabilitation, confirmed the progress. The center aims to aid […]
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Ratanakkiri Governor Announces Plans to Build Large Airport Connecting Four Provinces
The Ratanakkiri provincial administration has set aside nearly 1,400 hectares for the construction of a large airport to connect the four contiguous provinces. This was stated by HE Nhem Sam Oeun, Governor of Ratanakkiri Province at the press conference on “Success in the past five years” on the morning of 4 April 2023. HE Governor […]
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Cambodian Gambling Management Commission breaks ground construction for modern building
The Cambodian Gambling Management Commission broke ground on the construction of its modern building located in Samdech Pan (214) Street, Boeung Reang commune, Daun Penh district. The groundbreaking ceremony was held on April 5 under the presidency of HE Dr Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Cambodian […]
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Siem Reap’s New International Airport Nears Completion with 92% Project Progress
The new Siem Reap International Airport, located in Tayek commune, Sot Nikum district, is in its final stages of completion, with 92% of the construction project already accomplished as of 31 March 2023. A working group from the General Department of Construction of the Ministry of Land Management, Urban Planning, and Construction inspected the site […]
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Rattanakiri Complete Over 2600 Development Projects With US$62M Investment in Five Year
In the last five years, between 2018 and 2022, the Rattanakiri province has requested to implement a total of 13 994 development projects which required a total investment budget of US$ 311.85 million. For all that, only 2 614 projects had been completed by using a total capital of US$ 62.46 million. Speaking at a […]
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ADB projects Cambodia’s economy at robust growth in 2023 and next year
The Asian Development Bank (ADB) has forecast Cambodia’s economy at a robust growth of 5.5% in 2023 and 6.0% in 2024 on a more robust tourism recovery and higher growth in the services sector. According to an Asian Development Outlook April 2023 report released today issued on April 4, the tourism sector is expected to […]
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Gov’t plans to build two national roads with a length of more than 200 km in Ratanakkiri province
The Cambodian Government plans to build two new national roads, the first from Ratanakkiri province to Vern Sai district and the second line to Kantouy Neak in 2028, with a total length of more than 200 km, using the national budget. This is according to the press conference on “Success in the past 5 years” […]
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WB: Cambodia Ranks Third in Southeast Asia’s Fastest Growing Economies in 2023
The World Bank (WB) has maintained its 2023 economic growth rate forecast for Cambodia at 5.2 per cent from its projection in October 2022. This places Cambodia as the third-fastest-growing economy in the region, after Vietnam (6.3%) and the Philippines (5.6%), according to the World Bank’s updated economic forecast for the Southeast Asia region. The report […]
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