Investment and Funding
NagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the […]
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CCA Hosts Online Seminar Promoting Construction Law Implementation
Cambodia Construction Association (CCA) on 24 March 2021 held an online meeting to share knowledge among members and the public about the new sub-decree regarding the certificate of occupancy for old and new buildings. The meeting was held through Zoom and attended by more than 50 participants from different sectors. CCA Secretariat General Manager Chhiv […]
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Casino Tax Revenue Drops 50% in 2020 Due to COVID-19 pandemic
Casino tax revenue collection in 2020 was recorded at US$40 million, down by 50% compared to the same period in 2019, according to a senior official from the Ministry of Economy and Finance (MEF). Deputy Director-General of the Industry Department of the MEF Ros Phirun said on 24 March that the decline in the casino […]
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Japan Provides More Grant Aid for Infrastructure Development in Cambodia
he Japanese government has agreed to provide approximately US$600,000 in grant aid to build infrastructure in Pailin, Kampong Thom and Svay Rieng provinces, after also providing around US$500,000 last week for other development projects in five provinces. The grant contracts were signed on 19 March between Japan Ambassador to Cambodia HE Mikami Masahiro, and the […]
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Gov’t Approves Seven Investment Projects Worth Over US$60 million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building six factories, and an aquaculture centre, worth a total budget of US$60 million in Takeo, Pursat, Svay Rieng, Kandal, Preah Sihanouk and Phnom Penh. The first investment permit has been granted to Yuan Shuo (Cambodia) Co., Ltd to […]
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Private Firm Mulls Establishing New Cement Factory in Kampong Speu
A private firm is conducting a feasibility study to build a new cement factory in Kampong Speu province. If built, the factory will be the first one in Kampong Speu and the sixth one nationwide. Kampong Speu Governor Vei Samnang said yesterday that the project is proposed in response to increasing the demand construction sector. […]
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Is 2021 Still Opportunity to Buy Low-Priced Properties?
Many experts have said that last year was a good time to invest in real estate as many properties have been sold below the market price due to the pandemic. However, the pandemic has continued into 2021, and the situation has currently deteriorated given the recent surge of community outbreak. Some analysts have estimated the […]
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20 Investment Projects Proposed for Kampong Speu Province
At least twenty new investment projects, mostly clothes and footwear factories, have been proposed to be built in Kampong Speu province in 2021, according to Kampong Speu Provincial Governor Vei Samnang. Governor Samnang told Construction & Property Magazine today that the investors are currently proceeding with their plans, but some of which are being disrupted […]
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Surge in Community Outbreak to Hurt Property Market Until Q3, Say Analysts
Local property market insiders say that the recent surge in COVID-19 community transmissions in Cambodia is putting quite severe pressure on the real estate market and will continue to get even worse if the situation prolongs. Mr Sorn Seap, founder and director of Key Real Estate, said that the market was seeing a positive trend […]
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39MW Solar Power Plant in Banteay Meanchey Connected to National Grid
A 39-megawatt solar power plant in Banteay Meanchey province was recently connected to the national grid, according to PR Newswire on 10 March. The project was constructed by Chinese company Shanxi Electric Power Engineering, with JR Solar as the supplier of all solar modules. According to the same source, the plant is the largest renewable […]
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