Construction of US$2.5-billion Koh Norea Satellite City 30% Complete

Construction of the US$2.5-billion Koh Norea satellite city being developed by OCIC has reached 30% completion, with the company confirming that construction is on schedule despite the COVID-19 crisis.

According to Touch Samnang, a senior official of the Koh Norea Satellite City Development Project, to date, landfilling work is 60% complete, bridge construction at 20%, and overall construction at 30%.

“The project is still processing normally but increasing the number of construction workers is a bit difficult as we have to find vaccinated workers with quarantine requirements. Of course, the project is affected, but we will try to move forward,” said Mr Samnang.

Being developed on over 125 hectares of land, this multi-billion-dollar project will comprise commercial areas, theatres, parks, residential areas, residential buildings, banks, universities, medical centres, among others.

The island development began in 2018, while the construction of the two bridges began in October last year. (Read more)

- Video Advertisement -

Related Post

Groundbreaking of 500-Hectare Green Textile Industrial Park in Kampong Speu to Create Up to 60K Jobs

A groundbreaking ceremony on 8 November 2024 marked the start of a 500-hectare green textile industrial park in Chheu Neang Village, Taing Sya Commune, Phnom Sruoch District, Kampong Speu. Attended by HE Heng Sour, Minister of Labor and Vocational Training, HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Mr. John Yu, Chairman of […]

French Luxury Brand Metal Jewelry Opens New Factory in Cambodia, Boosting Local Industry and Jobs

Metal Jewelry Cambodia, a renowned French jewelry brand, officially opened its production and assembly factory for metal and plastic jewelry on 9 November 2024. The inauguration, led by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, marks a major milestone following the company’s investment permit approval in June 2023. HE Chea Vuthy emphasized […]

PM Inaugurates USD10 Million Techo Santepheap Ankoul Beach Road to Boost Tourism in Kep

The USD10 million Techo Santepheap Ankoul Road project, aimed at enhancing tourism infrastructure, was officially inaugurated in Ang Kol, Kep Village, and Angkor Village within the Ang Koul Commune of Damnak Chang Eur District, Kep Province. Led by PM Samdech Hun Manet, the ceremony on 11 November 2024 marked the completion of this pivotal project […]

Chinese Guoxing Group Commits to Major Investments in Cambodia’s Industrial and Agricultural Sectors

Guoxing Group, a prominent Chinese conglomerate, has reaffirmed its commitment to establishing a major industrial park in Cambodia and is actively exploring agricultural investment, particularly in the production of organic fertilizers. This announcement followed a strategic meeting between Samdech Hun Manet, PM of Cambodia, and Mr. Li Guolian, President of Guoxing Group, on 6 November […]

Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment

Chinese tyre manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tyre factory. This key decision was highlighted during discussions held between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PMHun Manet at the 8th Greater Mekong […]

Chinese Firm Expands Investment with New Cashew Processing Plant in Cambodia

Shandong (Cambodia) Economic and Technological Development Zone, a major Chinese agricultural firm, has announced a substantial capital increase to establish a new cashew processing plant in Cambodia, further advancing its agricultural production footprint in the country. This decision was revealed during a meeting on 6 November 2024 between Cambodian PM HE Hun Manet and Mr. […]