Investment and Funding
Ratanakkiri to Include Nine Areas for Provincial Ecotourism
Photo: Lake Lomkot Ratanakkiri Tourism Department Director Nget Pitu recently said that the authority will transform five existing resorts and four new ones into provincial ecotourism sites after the COVID-19 pandemic. According to RNK News, those five existing resorts are Rattanak Resort, Khmer Village Resort, Malis Kaknika Resort, Paradise Resort and Phum Yerng Resort. Meanwhile, […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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US$25 million Coastal Business Centre Proposed for Kampot
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star […]
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How to avoid disputes in property sale and purchase transaction
The real estate sector in Cambodia is growing steadily. The Cambodian government has thus far closely monitored and issued regulations to ensure that all types of land transactions being done legally. Despite the government’s attempt, there are still some loopholes which leads to disputes while making sale and purchase transaction of the property. Therefore, to […]
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US$230 million Pursat River Dam Construction Starts
Construction of the US$230 million 80MV dam in Pursat province has begun and is set to go online by the end of 2023, according to the Ministry of Mines and Energy’s spokesman. Located on the Pursat River in Pramuoy commune, Veal Veng district, the project is being built by South Korean firm SPHP (Cambodia) Co […]
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to […]
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Government Leases Land in Botum Sakor National Park to Royal Group
The Cambodian government issued sub-decree on 06 August leasing 168.8 hectares of land in Botum Sakor National Park in Koh Kong province to the Royal Group for the development of a 700-megawatt coal-fired power plant project. Located in Thmor Sar and Chamlong Kor villages, Botum Sakor district, the land has been granted to the Royal […]
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Construction of Sala Ta On Dam in Battambang Complete in 2021
The Sala Ta On Dam project in Battambang city is now 70% complete and is set to go online by June 2021, according to the Ministry of Water Resources and Meteorology on 06 August. With ground broken in early 2019, this project is one funded by the Republic of Korea and will be able to […]
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NR10 Connecting Battambang to Koh Kong 36% Complete
After six months of construction, National Road 10 (NR10) linking Battambang and Koh Kong provinces is now 36% complete, according to the Ministry of Public Works and Transport inspection on 06 August. Stretching over 199km, the road links Samlot district of Battambang province to Koh Kong province passing through Veal Veng district in Pursat province. […]
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PP-SHV Expressway Resettlement Almost Finalised
The resettlement for the Phnom Penh-Sihanoukville expressway including land clearing and compensation is almost finalised, while the construction is about 25% complete as of the end of July. Ministry of Public Works and Transport spokesman Heang Sotheayuth told Construction & Property Magazine on 06 August that the impact resettlement is about 93.71% complete, and that […]
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