Construction Focus
Manufacturing Powerhouse Shift: Southeast Asia & India Rise as China Recalibrates In Next Decade
Southeast Asia and India: The New Manufacturing Powerhouses A significant shift is underway in global manufacturing, with Southeast Asia and India emerging as key destinations alongside China, according to JLL, a leading commercial real estate services firm, updated by Retalkasia on 29 May 2024. This trend is driven by rising costs in China and the […]
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Cambodia Proposes Establishment of Hungarian Trade Office to Boost Trade Volume from 9.53% Increase Last Year
Cambodia has proposed the establishment of a Hungarian Chamber of Commerce in Cambodia to enhance trade and investment cooperation between the two countries. This initiative comes as the trade volume between Cambodia and Hungary for the first 11 months of 2023 surpassed US$7.7 million, reflecting a 9.53% increase compared to the same period in 2022. […]
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Gov’t Accelerates Resolution of US$737m in 14 Stalled Projects in Sihanoukville
The Cambodian government is expediting the resolution of 14 stalled projects in Sihanoukville, collectively valued at approximately US$737 million. This initiative aims to boost investment through incentives, concessions, mediation, and dispute resolution efforts. This information was disclosed in a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance […]
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WLCC Explores Investment Opportunities in Cambodia’s Construction & Real Estate Sectors
The World Lin Chamber of Commerce (WLCC) is investigating investment prospects in Cambodia’s priority sectors, particularly construction and real estate. This initiative was discussed during a meeting between Mr Tan Sri Dato Lim Soon Peng, President of the World Lin Chamber of Commerce, and PM Samdech Hun Manet on 28 May 2024. Mr Tan Sri […]
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New Road Connecting Oral Kampong Speu to Koh Kong Port Announced by PM
PM Hun Manet has unveiled plans for a new road connecting Kampong Speu to the Koh Kong port, aimed at harnessing the region’s potential akin to that of Phnom Penh. The announcement was made during the inauguration ceremony of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. The PM highlighted the […]
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Po Leaf Project Inaugurated at Buddhist Cultural Centre with US$5.5 Million Investment
The Buddhist Cultural Centre has officially inaugurated 38 construction projects shaped like po leaves, with a total investment exceeding US$5.5 million. The ceremony, presided over by PM Samdech Hun Manet, took place on 30 May 2024. The key elements of this monumental project include a 9-storey Cholamoni stupa, four large stupas, eight small stupas symbolising […]
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PM Announces Funan Techo Canal Project Set to Launch in August 2024
The Cambodian government has announced the commencement of the US$1.7 billion Funan Techo Canal project in August 2024. The announcement was made by PM Hun Manet during the inauguration of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. “The construction of the Funan Techo canal will begin in August 2024,” stated […]
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NR No. 31 Rehabilitation Project Nears 90% Completion
As of 29 May 2024, the ambitious project to restore and upgrade NR No. 31, which extends over 53 kilometres, has achieved an impressive 87.19% completion. This major infrastructure initiative is set to be finished more than a year ahead of schedule. This update was confirmed via the official Facebook page of the Ministry of […]
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Cambodia Renames Third Ring Road to “Xi Jinping Boulevard” in Honour of Strengthened Ties with China
In a significant move to honour the enduring partnership between Cambodia and China, the “Third Ring Road” has been officially renamed “Xi Jinping Boulevard”. This key infrastructure, connecting NR No. 1 to NR No. 4 and spanning nearly 53 kilometres, was inaugurated in a ceremony presided over by Samdech Hun Manet and HE Wang Wentian, […]
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia’s economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & […]
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