Business and Market
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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Cambodia Requests Korea to Build Another Bridge in Phnom Penh
The government has requested South Korea to help construct a new bridge in Phnom Penh, according to the transport minister.
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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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Vietnam to Approve National High Speed Rail Link
Final plans for a US$56bn high-speed rail link between Hanoi and Ho Chi Minh are expected to be approved by the Vietnamese National Assembly in 2019.
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Water and Electricity Shortages Due to Booming Construction
The shortage of water and electricity across the country over the last few weeks is due to the sharp growth in construction, according to the government’s spokesperson unit.
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US$8bn Deal Creates Largest Real Estate Group in Asia
Singapore-based real estate developer CapitaLand announced in January that it had reached an agreement with Temasek to purchase Ascendas-Singbridge Pte Ltd
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