Construction Focus
Japan Invests Over USD 40 Million in Cambodia, Enhancing Economic Partnerships in 2024
Japan has invested over USD 40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Okhna […]
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Chinese Investor Zhongjiao Tongli Expands Agricultural Ventures in Ratanakkiri & Mondulkiri
China’s Zhongjiao Tongli has announced plans to invest in large-scale cultivation of bananas and mangoes across Cambodia’s northeastern provinces of Ratanakkiri and Mondulkiri, signaling a significant boost for the nation’s agricultural sector. The announcement followed a meeting between PM Hun Manet and Mr. Zhongdi Sun, President of Zhongjiao Tongli, on 6 November 2024, in Kunming, […]
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Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector
Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]
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ARK Electronics Group Unveils USD 1.3 Billion AI-driven Industrial Park Project in Kampong Speu
ARK Electronics Group, a leading Chinese company, has announced an ambitious USD 1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of […]
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Cambodia Approves Over USD 5 Billion in Investments Across 346 Projects in 10 Months of 2024
Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over USD 5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country’s strengthened economic […]
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Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks
By Sean O’Neill Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by […]
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Saudi Arabia’s Mukaab: Ground Broken on World’s Largest Building
Construction is now officially underway on the Mukaab, a monumental 400-metre-high supertall skyscraper in Riyadh set to become the world’s largest building. Located at the heart of the 19-square-kilometer New Murabba development, the Mukaab will rise with cube-shaped dimensions, featuring 400-meter-long edges, and stand as a centerpiece of Saudi Arabia’s capital. The New Murabba Development […]
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Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
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China Construction America Ordered to Pay USD 1.6bn Over Conflict of Political Interests
A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay USD 1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas after the contractor was found to have committed “many acts of fraud” during its takeover […]
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Cambodia Records USD 505m in Iron & Steel Imports, Showing Gradual Recovery of Construction Sector
Cambodia imported iron and steel products worth USD 505 million in the first ten months of 2024, a significant 65% increase compared to USD 305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD 52.5 million, marking a […]
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