Company requests approval to invest in Kampot river residential project

Target Estate and Asset Management company has requested in-principle approval to invest in the development of an eco-tourism residential project along the river in the coastal province of Kampot, according to a post on the Kampot provincial administration Facebook page on 25 November. “Target Estate and Asset Management have requested six locations in three communes, […]

Read More

Chip Mong Land to capitalise on high potential of Grand Phnom Penh

Having recently acquired Grand Phnom Penh International City, Chip Mong Land has started to improve the services and infrastructure as well as residential areas to transform the area into a high-potential development area for living and doing business. “The main purpose of Chip Mong Land is to improve our service to our customers to meet […]

Read More

South Korea launches smart city project in Busan with ASEAN leaders

South Korea said they will build the country’s first “smart city” in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta […]

Read More

National Assembly approves draft 2020 budget of US$8.2 billion

The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, […]

Read More

Two sectors key to Cambodia achieving middle-income status by 2030

Cambodia has set itself the target of progressing from a low-income to a middle-income country by 2030 with an aim of achieving similar status to Thailand or Malaysia today in just over 10 years. At the 2nd Asia Pacific Summit on 19 November Samdech Techo Hun Sen said that, “now, Cambodia is making further efforts […]

Read More

Hunan Province investors attracted by main sector potential

Cambodia has attracted investors from Hunan province, China to invest in the country’s main sectors. The Royal Government of Cambodia has encouraged the interest, particularly in the development of infrastructure to make Cambodia more competitive by being well-connected inside the country and in the region. Speaking at a Hunan Investment Promotion and Machinery Expo held […]

Read More

Report: Demand in Cambodia increasing for construction and infrastructure advancement

As the Cambodian government focuses on infrastructure development, market opportunities are rising for companies operating in the construction and infrastructure industry to emphasise technological advancements and standardise modern methods of construction, according to the recently published OG Analysis report. Titled ‘Cambodia Construction and Infrastructure Market, Size, Share, Outlook and Growth Opportunities 2020-2026’, the report shows […]

Read More

PM aims to transform Sihanoukville to be Asian Tiger financial hub

Cambodia’s Prime Minister Samdech Techo Hun Sen on 16 November expressed his ambition to transform the coastal city of Sihanoukville into an Asian Tiger financial and economic hub. The Prime Minister announced his ambition during the groundbreaking ceremony of 34 roads in Sihanoukville which will be built to identical technical standards using a budget of […]

Read More

US$1 billion Spent on Road Infrastructure and Energy

The Royal Government of Cambodia has spent this year roughly US$1 billion as a public investment on building infrastructure in Sihanoukville province and installing 400 MW-power plants near Phnom Penh. Speaking at the graduation ceremony at the National Institute of Education, Samdech Techo Hun Sen said that the government is capable to collect income for […]

Read More

Condominium purchasers can finally feel relief

By Eric Wong Chon Lap This is the year when condominium end-user purchasers can feel relief, with many developers saying that they will concentrate on completing their existing developments, and also focus on the unsold condominium inventory in response to the weaker demand, partly due to surge of condominium inventory in recent years. The reason […]

Read More