Construction Focus
Gov’t Approves 116 Non-SEZ Investment Projects & Over 3,000 Construction Projects in 10 Months
During the first 10 months of 2022, the Cambodian government approved 116 non-special economic zone investment projects, an increase of 24 projects. During the same period, 3,407 construction projects were also approved, a decrease of 191 projects, according to a report on socio-economic trends of the Ministry of Economy and Finance issued on 13 December. According […]
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45% of Cambodia’s Total Energy Needed in Construction Sector
The United Nations Development Program (UNDP) has provided energy-saving recommendations for Cambodia, in particular for the construction sector, as this sector consumes at least 45% of the nation’s total energy mix. Through strategies and regulations, UNDP has thus far supported Cambodia with the development of energy efficiency codes, a roadmap to low-carbon, and resilient policies […]
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France to Help Expand Sihanoukville International Airport in Early 2023
Vinci Airports, a company that develops and operates major airports in Cambodia, has promised to assist Cambodia in upgrading the Sihanoukville International Airport in early 2023. The promise was made during a meeting between Cambodia PM Samdech Hun Sen and President of Vinci Airports Nicolas Notebeart on 16 December, In the meeting, Mr Notebeart expressed […]
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PM urges more French companies to invest in Cambodia
Cambodia PM Samdech Hun Sen has called on French companies to further study and seek more investment opportunities in Cambodia to maximize the benefits of bilateral and multilateral cooperations, especially in food processing, medicine and pharmaceuticals, light manufacturing, and automotive sectors. PM Hun Sen made the remark in a meeting organized by MEDEF International in […]
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Construction of Standardized Landfill in Svay Rieng officially Begin
The construction of the new standardized landfill in Svay Rieng province officially began on 16 December with the groundbreaking ceremony presided over by Secretary of State of the Ministry of Environment HE Chay Samith. Located in Ok Neak Village of Sangkat Sangkor, the landfill is being built on an area of 46,200 square meters. The […]
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Pestech Inks MoU to Build Two Solar-Based Assets in Cambodia
Locally-listed Pestech (Cambodia) plc (PCL), the subsidiary of Malaysia-based International Bhd, had signed a memorandum of understanding (MoU) with Attwood Investment Group Co Ltd (AIG) to collaborate on the development of two feasibility studies on the construction or ownership and operation of solar-based assets in Cambodia. In a filing to Bursa Malaysia on December 15, […]
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Cambodia Needs up to US$2b Fund to Reduce Greenhouse Gas Emissions
Cambodia needs approximately a US$500 million to US$2 billion fund to implement multiple strategic plans to reduce greenhouse gas emissions. HE Tin Ponlok, Secretary of State of the Ministry of Environment said during a meeting with the French Agency for Development (AFD) on 15 December, that this is part of the government’s plan to achieve […]
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Cambodia, S. Korea vow to Develop Green Building Program to Promote Carbon Neutrality by 2050
Cambodia’s Ministry of Environment and South Korea’s the Institute of Civil Engineering and Construction Technology have pledged to strengthen cooperation on bilateral green building programs, aiming to promote carbon neutrality by 2050. According to an announcement by the Ministry of Environment on 15 December, both parties also discussed the plan to continue and explore the […]
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Gov’t Approves US$99m Loan to EDC to Level Off Electricity Price
In 2023, the Cambodian government will provide a loan in the amount of KHR406,500,000,000 (over US$99 million) to Electricite du Cambodge (EDC) to ensure the stability of electricity prices, according to the Law on Finance for Management 2023. Prime Minister Samdech Hun Sen also recently gave an order that EDC and the Ministry of Mines […]
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Monument aux Morts Statue to be Rebuilt in Phnom Penh
The Monument aux Morts, a symbol of the solidarity between Cambodia and France which was demolished in the 1970s, will be rebuilt in front of the French Embassy near the Chroy Changvar roundabout. The plan to rebuild the statue was announced by Cambodian Prime Minister Samdech Hun Sen during a meeting with French President Emmanuel […]
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