Construction Focus
Malaysian PM resignation signals concern for infrastructure projects
The shock resignation of recently-elected Malaysian Prime Minister Mahathir Mohamed has raised concerns over-scheduled though controversial major infrastructure projects. Among his first actions on becoming prime minister in 2018 was to cancel the Chinese-funded high-speed Singapore-Kuala Lumpur rail line and the MRT 3 Circle Line projects among concerns about the levels of debt incurred, estimated […]
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Renovation completed of international standard Olympic Stadium swimming pool
The renovation of the international standard swimming pool at the Olympic Stadium, costing nearly US$3 million, has been completed. The statement was delivered by H.E. Sun Chanthol, Minister of Public Works and Transport and President of the Khmer Swimming Federation during the inspection of progress on construction of the swimming pool at the Olympic Stadium […]
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CDC approves construction equipment factory project worth US$1 million
The Cambodian government, through the Council for the Development of Cambodia (CDC), has recently approved Mountain Moon Millwork Co., Ltd’s US$1 million investment proposal to build a construction equipment factory in Sihanoukville province. The Mountain Moon Millwork company is developing this furniture production factory to supply construction materials for the Cambodian market especially in Sihanoukville. […]
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Korea approves request for an additional loan to upgrade National Road 48
The Korean government has approved a Cambodian request for an additional loan to rehabilitate National Road 48 and in preparation for signing an MoU on 24 April 2020 prior to the opening of public bidding. The agreement was announced at a meeting on the request for an additional loan for National Road 48 between representatives […]
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1 million ounces of gold expected from Okvau, says Ministry of Mines
A senior official of the Ministry of Mines and Energy said that Cambodia expected to extract nearly 1 million ounces of goal based on the study on the first gold mine in the Okvau area in Kaev Seima district in Mondulkiri province. The statement was made by H.E. Yous Monyrath, Director General of Mines in […]
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Expert: medical tourism industry still has untapped potential for for investors
Experts view major medical center development project in Cambodia as a high potential sector for economic growth, a good opportunity for investors to invest as there are only few major projects in this sector in Cambodia. “Related to the medical-industrial sectors, we still lack hospitals and clinics in our country. That’s why most of the […]
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COVID-19 poses challenge for extraction of Cambodia’s first oil
The impact of COVID-19 on the first oil extraction in Cambodia will be discussed and evaluated further after the virus crisis has ceased, said H.E Cheab Sour, Director General of the Department of Petroleum, at a press conference on the progress and continued working direction of the Ministry of Mines and Energy on the morning […]
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Hyundai Engineering wins US$164m bid to build third AEON Mall
Hyundai Engineering of South Korea has won a US$164 million project to build the third AEON Mall in Cambodia, according to a Hyundai staff member quoted in the Korea IT TIMES on 19 April 2020. This project is to build a five-story shopping centre and parking facility on a total area of 174,000 square meters […]
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Construction on Road 146 commences in Sihanoukville
Construction on Road 146 started on 17 April 2020 under the technical supervision by H.E Sun Chanthol, Minister of Public Works and Transport (MPWT). The construction project is being implemented by China Road & Bridge Corporation Co.Ltd (CRBC) spending US$S76 million of a US$100 million national budget and is projected to take about 28 months […]
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IMF: Cambodia’s GDP growth to slow down to minus 1.5% in 2020
Cambodia’s Gross Domestic Product (GDP) growth is projected to slow down to -1.5% as the decline in tourist arrivals and the impact on the garment industry resulting from the outbreak of the COVID-19 pandemic in the country. This statement was made during an interview in the Asia and Pacific Department Press Briefing with Mr Changyong […]
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