Construction Focus
Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
Cambodia’s gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan’s forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than […]
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MLMUPC approves 1,679 construction projects with an investment value of US$950 million in H1
The number of 1,679 construction projects received construction permits from the Ministry of Land Management, Urban Planning and Construction in the first half of 2022, down 150 projects compared to the same period last year. The report on socio-economic trends of the Ministry of Economy and Finance showed that the total project cost was US$952 […]
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KOICA to Support New National Paediatric Hospital Building worth US$16 Million
The Republic of Korea will provide US$16 million in aid to the National Paediatric Hospital to construct new infrastructures, purchase medical equipment, and build capacity for hospital staff, which will be conducted from 2022 to 2027. These projects were agreed upon via a Record of Discussion of the Strengthening Capacity of the National Paediatric Hospital […]
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Japanese LED Light Factory Helps Cambodia Reduce Electricity Costs by About US$1 Million a Year
Japanese company Minebea Mitsumi produces 100% LED lamps in Cambodia and also exports to worldwide markets. So far, the company has installed 18,880 LED lights, which has reduced electricity consumption and CO2 emissions by about US$1 million a year. Mr. Yoshihisa Kanuma, CEO of Minebea Mitsumi reported on these statistics during a meeting with Samdech […]
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Cambodia Preparing Comprehensive Intermodal Transportation Master Plan for 2022-2030
Cambodia is developing a comprehensive master plan for an intermodal transportation system to better develop Cambodia’s transport sector for connectivity to countries in the region and the world. Compiled by the Supreme National Economic Council, the comprehensive master plan on intermodal transportation 2022-2030 was discussed at a meeting on 21 July in the presence of […]
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Cambodia Attracts Almost US$3 billion in Investment Projects in H1 2022
The Council for the Development of Cambodia has approved new investment projects and production expansion projects with a total investment of US$2,998 billion, an increase of 23.4% over the same period last year. According to the report of the Council for the Development of Cambodia, of all the new investment projects, domestic investments ranked first, […]
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As of H1 of 2022, Real Estate & Construction Growth Slowed to 2.5%, and 3% Respectively
As of the first half of 2022, the real estate sector has grown significantly, but at a slow pace of 2.5% due to the slowdown in high-end real estate sale-purchase activity, especially condominiums and apartments, according to the report on the results of the implementation of the budget for the H1 of the implementation of […]
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JICA Launches Smart City Approach to Solve Urban Problems in Siem Reap
The Japan International Cooperation Agency (JICA) has decided to implement a three-year project to implement a smart city approach to address urban issues in Siem Reap from May 2022 to May 2025, according to the meeting on reviewing and commenting on the pilot project of the Smart City project in Siem Reap province on 21 […]
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Under the Belt & Road Initiative, What Does Cambodia Get?
Cambodia and China have had a good relationship for a long time, and this relationship grew rapidly as the Belt and Road (BRI) project stepped in to develop infrastructure and start free trade relations between China and Cambodia. At first was the development of casinos that grew like mushrooms, creating a huge influx of financial […]
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Cambodia & Thailand Sign MOU to Strengthen Bilateral Logistics Capacity
The Ministry of Public Works and Transport of Cambodia and the National Council for Economic Development of the Kingdom of Thailand have signed a Memorandum of Understanding to strengthen the logistics sector for both countries. The ceremony was held on 19 July 2022, in the presence of the Secretary of State of the Ministry of […]
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