Projects Development
Cambodia’s first oil production expected in mid-2020
The first drop of oil to be extracted from Cambodia’s offshore oil field territory is closer to reality as the responsible firm KrisEnergy recently cut the first steel for the Apsara oil platform. According to a press release from KrisEnergy Ltd, the first steel cutting ceremony was held to mark the significant completion progress of […]
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Ground broken on new MLMUPC building in Sen Sok
The ground was broken on the new Ministry of Land Management, Urban Planning, and Construction (MLMUPC) headquarters in Sen Sok district on the morning of 28 January, which will replace the current building on Monivong Boulevard. Located in Khmuonh commune, Sen Sok district, in the northern area of Phnom Penh, the new five-storey building will […]
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Industry Ministry urges Japanese to invest in clean water supplies
The Ministry of Industry and Handicrafts has encouraged Japanese investors to invest in the clean water sector in Cambodia to increase access to sustainable clean water services for all citizens as soon as possible. Investment in the clean water sector will partly contribute to the government’s policy to connect 100% of urban and rural areas […]
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Malaysian firm to invest US$20million in Bavet solar power plant
Astoria Solar Farm Sdn Bhd (ASF), a subsidiary of leading Malaysian integrated electrical power technology company Pestech, has recently announced its plan to invest US$20 million in a solar farm project in Bavet city, Svay Rieng province, after acquiring a stake from a local Cambodian company. According to a press release from the firm, ASF […]
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Phnom Penh to have priority bus lane by October
Phnom Penh Municipality has recently announced its plan to launch a priority public bus lane on Monivong Boulevard in October, with the aim of reducing traffic congestion as well as to improve the city’s infrastructure system. The announcement was made on 17 January during a meeting between Phnom Penh Governor H.E Khoung Sreng, together with […]
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Constructions along Mekong riverbank at risk of collapsing due to excessive sand mining
Geo-environmental researchers have recently revealed that Mekong riverbanks, especially in Cambodia, are prone to collapsing due to the excessive sand mining driven by the high demand for sand in the construction sector. According to the report by The Science Times, the research team from the University of Southampton discovered that sand mining is the leading […]
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Phnom Penh goes green: More than 400 green projects logged in Q4 2019
With the ultimate goal of building a more sustainable city, a number of real-estate developers have been moving toward greener projects, with 405 net green projects recorded in Phnom Penh in Q4 of 2019, according to CBRE Cambodia. According to a report released by CBRE on 16 January, those green projects include hotels, retails, offices, […]
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Condo supplies projected to grow at 55% in 2020: CBRE
CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated […]
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Government accelerates study on National Road 10 construction
National Road Number 10 linking Samlot in Battambang province, Veal Veng in Pursat province and Koh Kong province is scheduled for construction in 2020, as the inter-ministerial working group has accelerated the planning study. According to a report from the Ministry of Public Works and Transport, National Road Number 10 is part of the infrastructure […]
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Investment on Waste to Energy Boosted
The Royal Government of Cambodia has boosted investments on converting solid waste to energy which is part of urban solid waste management while amount of solid waste increases year by year. Attracting investment on waste on energy is stated in the draft of policy on urban solid waste management for 2019-2028 which is currently being […]
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