Investment and Funding
Chinese Firm to Build a New Larger Road Connecting Siem Reap City to New Airport
Chinese-owned firm Siem Reap-Angkor International Airport has unveiled plans to build a new 60km road, linking the airport to the Siem Reap city. To date, the firm has just completed the impact resettlement with the affected community. Deputy Governor of Siem Reap province Ly Samrith said that the new road will be built to ease […]
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CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia’s real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it […]
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Expert Plugs Sihanoukville for Next Property Boom After COVID-19
Among all provinces in Cambodia, Sihanoukville, and in particular Ream district, will become the highest potential investment destination for those looking for profits in 2021 or during the post-COVID-19 period, according to Founder and Director of Key Real Estate Co., Ltd. Mr Sorn Seap. Mr Sorn Seap told the Construction & Property Magazine on 05 […]
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Cambodia Receives US$860-million in China FDI in 2020
Cambodia received a total of US$860 million in foreign direct investment (FDI) from China in 2020, an increase of about 70% compared to 2019, according to a recent press release from the Chinese Embassy in Cambodia. Many development projects went smoothly despite the COVID-19 pandemic. For instance, the construction of new Siem Reap Angkor International […]
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of […]
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Bluebell signs MoU with Oxley to Manage the Peak Mall
Leading Asian Omni brand operator Bluebell Trading Pte. Ltd has recently signed an MoU with Oxley Gem (Cambodia) Co., Ltd to manage the Peak shopping mall project, according to a press release from the company on 24 December. Ashley Micklewright, CEO of Bluebell Group said, “We are delighted to partner with Oxley-Worldbridge in Cambodia, and […]
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Several EU Members Provide Co-financing of US$115 million for Cambodia’s Rural Infrastructure Development
The German development bank KfW, AgenceFrançaise de Développement (AFD) and the European Union (EU) have provided US$115 million in co-funding to Cambodia for rural infrastructure development projects in the central area of the country. The agreement was signed recently by the Cambodian government, the German development bank KfW, AFD and the EU representatives, according to […]
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Seven Tourism Projects Planned for Koh Kong Province
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the […]
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OCIC to Invest Over US$600 million in Infrastructure Development Next Year
The Overseas Cambodia Investment Corporation (OCIC) has invested approximately US$300 million to develop many massive projects this year, as the firm also plans to invest at least US$600 million more in 2021. OCIC’s chairman Neak Oknha Pung Kheav Se told Construction & Property Magazine on 19 December that the firm has invested around US$70 million […]
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) […]
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