Projects Development
Alpha Commercial Bank Invests US$10m in New PP Airport Bonds
Alpha Commercial Bank PLC has invested US$10 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport in Kandal province. The agreement was signed was held on Friday 14 January by CAIC Director Charles Vann and Alpha Commercial Bank PLC Chairman Oknha Ly Kunthai […]
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US$230-million 45-storey Chip Mong Tower Building Topped Off
Chip Mong Group held a topping-off ceremony on Friday 14 January for the 45-storey Chip Mong Tower, an international mixed-use commercial building with an investment of US$230 million, located along Russian Blvd in Phnom Penh city. Neak Oknha Leang Khun, Co-Founder and Chairman of Chip Mong Group, said that the completion of the structure to […]
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Cambodia Refines Nearly 1,500kg of Gold Ore in 7 Months
Australian firm Renaissance Limited (Cambodia), which received a license to operate Cambodia’s first commercial-scale gold mining in Mondulkiri province, has refined nearly 1,500kg of gold ore in seven months. The amount of gold ore was presented by HE Suy Sem, Minister of Mines and Energy during a hand-over ceremony of the ministry’s building to the […]
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More than 200 five-story high buildings registered in 2021
In 2021, there were 212 buildings with five stories up registered in Cambodia, and from 2000 to 2021, there were 2,392 buildings with five stories up. According to a report of the Ministry of Land Management, Urban Planning and Construction, there are 148 buildings from 5 to 9 floors, 50 buildings from 10 to 19 […]
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MPWT to Manage & Monitor Infrastructure Construction Projects Through One-Stop App
The Ministry of Public Works and Transport (MPWT) is speeding up the development of a new app called `PR Care’, aiming to integrate and systemise all data of infrastructure construction projects nationwide into a single online system for more effective management. Minister of Public Works and Transport HE Sun Chanthol chaired a meeting on Wednesday […]
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Nine Investment Projects Worth US$43 million Approved for PP, Kandal, SHV& K. Speu
The Council for the Development of Cambodia (CDC) has given permits to nine private firms to invest in building production factories worth over US$43 million in Phnom Penh, Kandal, Sihanoukville, and Kampong Speu. According to the announcement on 12 January, there are seven projects approved out of SEZs including: 1. COMO APPAREL CO., LTD establishing […]
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4,303 Construction Projects Worth US$5.3bn Approved in 2021, 31% Drop Y-o-Y
The Ministry of Land Management, Urban Planning and Construction approved 4,303 construction projects worth US$5.33 billion in 2021, a drop of 31.21% compared to 2020. The ministry stated that the approved construction projects covered a total area of 12.99 million sqm. Among the approved projects, 388 construction permits (10.4 million sqm) worth US$4.2 billion were […]
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Aeon goes beyond retail business, establishing Cambodia’s first multifunctional logistics centre
Beyond the retail business with three large shopping malls in Cambodia, a Japanese firm Aeon Mall (Cambodia) Co Ltd has now expanded its business to the logistic market with a plan to establish Cambodia’s first multifunctional logistics centre in Sihanoukville in 2023. According to its press release issued on 11 January, the Aeon Mall (Cambodia) […]
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KOICA Provides US$316 million in Grant Aid to Cambodia Over 30 Years
Over the past 30 years from 1991 to 2021, the Korea International Cooperation Agency (KOICA) has provided a total of US$316 million grant aid to Cambodia, contributing to socio-economic development. The remarks were made by Country Director of KOICA Cambodia Office Hyunjun Rho in an online meeting held on 11 January with HE Chhieng Yanara, […]
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New Flyover at Century Plaza Intersection Set to Begin Construction in March
The new flyover along the Russian Blvd at the Century Plaza intersection, known as the `2004 Flyover’, is set to begin construction this upcoming March and is scheduled for completion in 2023 before the SEA game. Phnom Penh Governor HE Khuong Sreng held a meeting with the Phnom Penh Municipal Police Commissioner, the Secretariat of […]
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