Projects Development
ADB pledges $89 million for water supply and sanitation services and financial sector
Two agreements worth $89 million were signed on 03 October by the Asian Development Bank (ADB) and Cambodia’s Ministry of Economy and Finance to improve access to water supply and sanitation services in rural areas, and to enhance the country’s financial sector. The agreements were signed by ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal […]
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National Road 3 (Phnom Penh-Kampot) will cost more than US$219 million
With an approximately more than US$219 million will be used to construct a National Road 3 (Phnom Penh-Kampot), the road is believed to be high quality and long term of use. The budget of implementing this project came from the concession financing from the People’s Republic of China, together with the Royal Government of Cambodia […]
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Bangladesh to send construction workers as Cambodian numbers decline
The construction sector employs an average of 200,000 to 220,000 Cambodian workers per day, but this number dropped by 31.81% in September 2019 compared to the same period of last year, according to an October report by the Ministry of Land Management Urban Planning and Construction (MLMUPC). Bangladesh’s New Age news reported that Salim Reza, […]
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Conglomerate Chip Mong acquires Grand Phnom Penh International City
One of Cambodia’s leading conglomerates Chip Mong Group has acquired the Grand Phnom Penh International City which is believed to be one of the largest property development projects in Phnom Penh. Grand Phnom Penh International City is a huge development project spanning across 260 hectares of land in Kmounh commune of Sen Sok district featuring […]
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Government approves US$22 million for Special Economic Zone projects
The Council for the Development of Cambodia (CDC) announced on its Facebook page on 16 October of its approval of several projects, including four projects related to the construction industry, with investment capital worth more than US$22 million and creating 1958 jobs in the Sihanoukville Special Economic Zone (SEZ). One project is a furniture factory […]
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New stadium planned for Kampong Speu ahead of 2023 SEA Games
A new stadium has been planned for Kampong Speu province which will serve for the upcoming 32nd SEA Games in 2023, according to the provincial governor. Kampong Speu Provincial Governor H.E Vei Samnang told Construction & Property Magazine on 09 October that, Kampong Speu is to have a stadium that will stretch over 4 hectares […]
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Cambodia-China Cultural and Creative Park gets approval
The Council for the Development of Cambodia (CDC) has recently given the greenlight to several development projects including the Cambodia-China Cultural and Creative Park located in Siem Reap Province. As reported by the CDC over the weekend, Angkor International Culture Investment & Development (Cambodia) Co.,Ltd is to inject US$27.5 million of investment in its project […]
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Thai retail supermarket, Big C will provide more job opportunities to Cambodians
Big C supermarket is creating additional job opportunities for local people a week after opening its first branch in Cambodia. Before the soft opening day, Big C supermarket helped to create 1,200 jobs in the area according to its project application with the Council for the Development of Cambodia (CDC). The giant retail store includes […]
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Public works ministry to begin construction of major roads and bridge
The Ministry of Public Works and Transport will soon begin construction of major roads and a bridge, according to H.E Sun Chanthol, Senior Minister and Minister. Addressing the ministry’s recent work progress at the recent ROAD CARE event, H.E Sun Chanthol said that five major roads and one bridge are to be constructed soon as […]
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New Sihanoukville special economic zone proposed
Two companies have proposed 1,600 hectares of land in Sihanoukville province to be developed into a special economic zone through land reclassification, according to the provincial administration. On 07 October, Sihanoukville provincial governor H.E Kouch Chamroeun held a meeting to discuss the proposal with the Stung Hav district governor and other officials from relevant departments. […]
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