Projects Development
Updates on Major Infrastructure Developments in Siem Reap
Although the tourism sector in Siem Reap has been hit by the COVID-19 pandemic, the government is still active especially in infrastructure development, with the aim to attract more tourists after the crisis is over. Prime Minister Samdech Hun Sen once said that although COVID-19 has prevented tourists from travelling to Cambodia and negatively affected […]
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90 million Cubic Metres of Land Needed to Fill In Construction Site of Koh Norea and the New Phnom Penh Airport
The Overseas Cambodia Investment Corporation (OCIC) has recently said that over 90 million cubic metres of land is needed to fill in the construction site of the Koh Norea and the new Phnom Penh International Airport project. OCIC Chairman Neak Oknha Pung Kheav Se said approximately 60 million cubic metres of land is needed for […]
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Major Construction Projects Inaugurated in 2020
NR58 connecting Banteay Meanchey to Oddar Meanchey National Road No. 58 is 174km long connecting Samrong city of Oddar Meanchey to the National Road 5 in Poipet city of Banteay Meanchey province. The construction of this road cost US$122.98 million, which was jointly financed by the Chinese government and the Cambodian government budget. The inauguration […]
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CDC Approves Two Construction Materials Factories Worth Over US$11million
The Council for the Development of Cambodia (CDC) has recently permitted two private firms to invest over US$11 million building two construction material factories in Sihanoukville and Svay Rieng provinces. The first project is a metal processing factory in the Sihanoukville special economic zone. The construction of the factory costs approximately US$5.2 million, invested in […]
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First Drops of Cambodian Oil Produced Today at Apsara Oil Field
The first drops of Cambodian oil have been produced today at Block A of Apsara Oil Field, following the recent completion of construction, according to the Prime Minister Hun Sen’s Facebook Page. The first well entitled A-0ID was completed on 23 December 2020, and the production of the oil started on 29 December 2020. Meanwhile, […]
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Koh Kong a Potential Target for World Bank’s Blue Economy Development Project
The World Bank is planning to invest millions of dollars in the ‘Blue Economy’ project in Cambodia, and Koh Kong could be one of the target provinces chosen for the project implementation. Koh Kong Deputy Governor Ouk Pheaktra said during the meeting with relevant officers regarding the coastal management on 28 December that his authority […]
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Major Infrastructure Projects Broken Ground in 2020
Although 2020 was not a good year due to the COVD-19 pandemic and the recent floods, the government of Cambodia continuously updates infrastructure development. Thus far, none of the infrastructure projects have been delayed. Projects scheduled to break ground in 2020 have also already begun. Here is the list of the major infrastructure projects that […]
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OCIC Unveils Details of Expressway Project from City Centre to New Airport in Kandal
OCIC Chairman Neak Oknha Pung Kheav Se has revealed details of the expressway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province. Neak Oknha Pung Kheav Se said in an exclusive interview with Construction & Property Magazine on 19 December that the expressway will be built as a flyover […]
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CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% – 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in […]
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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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