Construction Focus
Cambodia Faces Mounting Debt Challenges in the Real Estate Sector
The real estate sector in Cambodia is grappling with mounting financial concerns as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organized by the Real Estate and Mortgage Regulatory Authority. Mr. Chou Vannak, Director General of the Authority, revealed that homebuyers owe between […]
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Mekong River Bridge in Kratie Province Achieves 77% Completion, Set to Fully Operate by September 2025
The Mekong River Bridge project in Kratie province has reached a major milestone, with 77.02% of the work completed as of December 2024. Spanning an impressive 1.761 kilometers with a width of 13.55 meters, this landmark infrastructure project is set to enhance regional connectivity and stimulate economic growth. The project also includes a 31.69-kilometre connecting […]
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Cambodia’s Public Debt Reaches USD 11.78 Billion by Q3 2024
Cambodia’s public debt reached USD 11.78 billion by the end of the third quarter of 2024. According to a recent report by the Ministry of Economy and Finance, this debt comprises USD 11.67 billion in external debt (99%) and USD 115 million in domestic debt (1%). The external debt portfolio is diversified across multiple currencies, […]
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50 Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties
In a landmark development for Cambodia’s economic landscape, fifty Korean Industrial Confederation (KIAF) companies have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader initiative to […]
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Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum, with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]
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In Nine Months, Cambodia Secures Over USD 1 Billion in Credit Agreements to Drive National Development
Cambodia’s government signed new credit agreements totaling USD 1.07 billion in the first nine months of 2024, representing a 7% increase compared to last year. These funds support key development priorities, including infrastructure and economic productivity. This progress was detailed in a Ministry of Economy and Finance report released on 10 December 2024. In the […]
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Cambodia to Establish 230 Model Villages by 2028 as Part of Rural Development Strategy
The Ministry of Rural Development has unveiled a visionary plan to develop 230 model villages throughout Cambodia by the end of 2028, an initiative to transform rural communities through sustainable and inclusive growth. The announcement was made on 10 December 2024 during a certificate-awarding ceremony recognizing 30 exemplary villages for meeting high development standards. HE […]
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Bentley Systems: Open Data Ecosystems to Advance Infrastructure Engineering
At its Year in Infrastructure conference, Bentley highlights the value of open data ecosystems to improve infrastructure resilience and sustainability VANCOUVER (Bentley Systems’ Year in Infrastructure 2024) — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, unveiled its vision for open data ecosystems to advance infrastructure engineering at its annual Year in Infrastructure […]
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Twin Flyover Construction in Phnom Penh Reaches 25% Completion, Targeting June 2025 for Full Operation
The construction of twin flyovers along Phnom Penh’s 60-metre boulevard at the intersection of National Road 2 has achieved 25% completion, a significant milestone for the project designed to enhance connectivity between Phnom Penh and Kandal province. This progress, reported by HE Keut Chhe, Deputy Governor of Phnom Penh, was shared on 10 December 2024, […]
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Over 20 Years South Korea Provides Over USD 2 Billion in Loans Boosting Cambodia’s Infrastructure Development
South Korea has provided over USD 2 billion in loans to Cambodia over the past two decades, significantly advancing key sectors such as transportation, healthcare, irrigation, and water supply. The funding, channeled through the Economic Development Cooperation Fund (EDCF), has played a pivotal role in Cambodia’s economic growth and infrastructure modernization. This milestone underscores South Korea’s long-term commitment […]
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