Knowledge and Key Success
Structure of Five-star Hyatt Regency Completed
The building structure of the five-star Hyatt Regency hotel in downtown Phnom Penh has been completed, according to project developer Chip Mong Group.
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Naga Secures Former White Building Land for Its New Us$4 Billion Project
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019.
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Cambodia Requests Australia to Provide More Funds for Electricity and Water Supply
The Cambodian government has asked the Australian government to provide more funds for electricity and water supply projects in Cambodia, according to the results of a meeting between the two sides on 03 April 2019.
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Cambodian and French Firms Team Up for Home Furniture Market
Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release.
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OCIC Begins Construction of Modern International Convention Centre
Cambodia’s leading developer, Overseas Cambodian Investment Corporation (OCIC), began construction of its ‘Chroy Changva International Convention Centre’ on 31 March 2019.
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Land Investment Alert in Cambodia
Since Cambodia has enjoyed stability, the country has gained a large volume of foreign direct investments, one area of which is land investment. Recently,
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Construction Sector Grows 23% Annually
The construction sector has grown at rate of 23% each year, according to H.E. Aun Porn Moniroth, Deputy Prime Minister and Minister of Ministry of Economy and Finance (MEF).
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Government Terminates Royal Group’s National Railway Contract
The Royal Government of Cambodia has decided to end the contract of Cambodia Royal Railway for the operation of Cambodia’s railway, according to an announcement by Samdech Techo Hun Sen, Prime Minister at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019.
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Government Establishes Two Working Groups for Construction and Real Estate
The government has set up two working groups from the public and private sectors to find solutions for construction and real estate problems that might hinder businesses in these sectors.
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Cambodia-Japan Friendship Bridge to Chroy Chongvar to Open on 3 April
After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva is set to open in April, according to the Ministry of Public Works and Transport (MPWT).
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