Construction Focus
Mega Project Along Tonle Sap River Nearing Construction
On 17 November, 2018, Ms Mey, part of the sales team of Yuetai Group, which now owns the Phnom Penh Harbour site, said the company will begin construction in 2019, following its success in selling out its shop house and condominium projects. According to Ms Mey, the company has made a lot of sales for its first building. Of the 230 stores sold, only two stores remain while most buyers are Cambodian. The company is now putting its condominium project on sale.
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Thai Brands Expanding Retail Presence in Cambodia
Rapid economic growth in Cambodia provides opportunity for people to be able purchase goods as well as and experience new services available in the market. With this market opportunity, foreign investors are increasingly supplying goods and services through the establishment of new retail markets across Cambodia. As a result, Thai-based retail brands are expanding their presence in the Kingdom. A number of big Thai companies have recently entered the Cambodian market to take advantage of the 16 million consumers.
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Us$12 Million Runway Renovation Project Completed
The renovation of the multi-million dollar airport runway project is completed, according to the official press release. On 15 November, 2018, the developer and operator of Cambodia’s three airports, Cambodia Airports, announced the completion of the renovation project at Phnom Penh International Airport.
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Booming Construction Industry Drives Brick Production in Cambodia
Thanks to the booming construction industry, brick kilns in Cambodia have significantly expanded across the country to capitalise on this growth. The number of brick kilns has grown dramatically over the last 10 years, as well as the means of production. According to Mr Veng Heang, Director of the Child Labour Department of Ministry of Labour and Vocational Training, there are now over 300 brick kilns in Cambodia.
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Raffles Hotels in Cambodia to Be Renovated
The two luxury Raffles Hotel in Cambodia will soon be renovated, according to TTR Weekly. According to the same source, the Raffles Grand Hotel d'Angkor in Siem Reap and Raffles Hotel Le Royal in Phnom Penh will be renovated in early 2019.
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Construction Industry Expo Mbam Onebuild 2018 to Be Held in Malaysia
The MBAM OneBuild 2018 Exhibition, Malaysia’s biggest construction and infrastructure industry expo will be take place on 13 -15 November 2018. Hosted at the Kuala Lumpur Convention Center (KLCC) Malaysia, the three-day exhibition is the ideal platform for construction and infrastructure industry players to foster new relationships, exchange ideas, learn about the latest innovations as well as showcase their products and services.
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Korea Agrees to Provide Additional Loans for the Construction of National Road No.2
The Korean government has agreed to provide additional loans for the construction and rehabilitation of National Road No. 2, according to reports by local media. On 08 November, 2018, H.E Sun Chanthol, Senior Minister, Minister of the Ministry of Public Works and Transport told FRESH NEWS that Korea has decided to provide additional loans to the US$13 million loan that was provided by Korea four years ago for the National Road No. 2 project.
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France Agrees to Help Cambodia Turn Phnom Penh Into a Modern City
The French Republic has agreed to help Cambodia to develop Phnom Penh into a modern city, according to a Facebook post on the Phnom Penh City Hall’s account. According to Phnom Penh City Hall, on 05 November,2018, top officials from Paris agreed to assist Cambodia on various development projects in Phnom Penh, as requested by Cambodia.
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World Bank: Dealing With Construction Permits in Cambodia for 2019 Improved
Cambodia has improved its work on the ‘dealing with construction permits’ for 2019, according to the World Bank's Doing Business Report 2019. On 31 October, 2018, the World Bank published its report on doing business across 190 countries in which Cambodia has achieved reforms on the dealing with construction permits where the score has improved compared to 2018.
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Malaysia, Singapore Agree to Delay High-speed Rail Link
The governments of Malaysia and Singapore have agreed to defer the planned US$27bn high speed rail link between the countries’ capitals. The “amicable agreement” reached without Malaysia needing to pay compensation comes after recently-elected Malaysian PM Mahathir unilaterally cancelled major infrastructure projects agreed to by his predecessor, including those planned by the Chinese-government citing its inability to pay.
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