Projects Development
Expert Reveals Three High Potential National Roads in Kampong Speu Province
Besides National Road 4, three other new national roads, including NR41, NR44, and NR51, are attracting more and more industrial investment projects and becoming the most crucial economic core of Kampong Speu province. CEO of Key Real Estate and well-known real estate analyst in Cambodia Mr Sorn Seap told Construction & Property Magazine that NR51 […]
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World’s Longest Rail and Road Tunnel Approved
The world’s longest combined rail and road tunnel project connecting northern Germany to Denmark costing US$8-billion has been recently approved, according to The Local on 03 November. The Fehmarn Belt Fixed Link is an 18-kilometre submarine link between the two countries constructed under an investment of US$8 billion, funded by Denmark and the European Union. […]
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Cambodia’s Construction Investment in First 8 Months of 2020 Decreased by 15%
The total estimated investment capital of construction projects approved by the government in the first eight months of 2020 was approximately US$5 billion, down by 15.1% compared to the same period in 2019, according to a report of the Ministry of Economy and Finance. The report also stated that though the investment decreased, the number […]
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Groundbreaking on 38-Road Renovation Project in Siem Reap City Delayed
The groundbreaking ceremony of the 38-road construction in Siem Reap, which was previously scheduled to be held in mid-November, has been delayed due to revised COVID-19 restrictions. The delay is mainly due to the fact that PM Hun Sen started his self-quarantine after being in contact with the Hungarian foreign minister who tested positive for […]
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Cambodia, Hungary Sign Air Transport Agreement
The Cambodian and Hungarian governments have signed a bilateral aviation transport agreement to facilitate the air transport of goods and passengers between the two countries. The agreement was signed on the afternoon of 03 November between Minister in charge of State Secretariat of Civil Aviation (SSCA) Mao Havannall, and Minister of Foreign Affairs and Trade […]
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PM Hun Sen to Break Ground on Siem Reap 38-Road Renovation Project on 16 November
Prime Minister Hun Sen will preside over the ground-breaking ceremony of the Siem Reap 38-road renovation project on 16 November, according to the results of the ministerial meeting on 03 November. Minister of Public Works and Transport HE Sun Chanthol said in the meeting that as of 03 November, plenty of necessary work such as […]
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Four Key Strategies Making Tourism City a Worthwhile Investment in Siem Reap
Despite the COVID-19 pandemic, the construction of Tourism City by the OCIC group in Siem Reap is moving ahead as scheduled. Simultaneously, the project remains a high potential real estate investment target in Siem Reap, proven by continuous support from customers since the first launch in 2017 to phase 9 as of today. Sales Manager […]
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OCIC Mulls Building Expressway from New Phnom Penh Airport to City Centre
Overseas Cambodia Investment Corporation (OCIC) is considering building an expressway connecting its new Phnom Penh International Airport in Kandal province to central Phnom Penh to help ease travel after the airport’s completion in 2023, according to the spokesman for the State Secretariat of Civil Aviation. Spokesman of State Secretariat of Civil Aviation HE Sin Chansereyvutha […]
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New Siem Reap City Development Planning Continues
The Ministry of Tourism has unveiled plans to establish a new Siem Reap city (Grand Siem Reap), located near the under-construction new Siem Reap Airport in Sotr Nikum district. The new city project is part of a master plan for tourism development the province. This statement was stated by H.E. Thong Khon, Minister of Tourism […]
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Chinese Aviation Firm Mulls Investing in Cambodia
The State Secretariat of Civil Aviation has recently requested AVIC International Holding Corporation to provide technical assistance for human resource training in the civil aviation sector. In the meantime, the firm is also mulling investing in the aviation sector in Cambodia. The request was proposed during a meeting between the company’s general manager Ted Chen […]
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