Projects Development
OCIC to open the second phase of Olympia Mall in 2020
Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer is set to open the second phase of its Olympia Mall project in 2020. OCIC is renowned for its infrastructure projects and Olympia Mall opened its first phase on 22 June 2019. Construction & Property Magazine reporter Ms Khat Leakhena sat down with Mr Sao Monasy, leasing […]
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First wind energy project in Cambodia unveiled
Renewable energy company Blue Circle from France has unveiled its plan to invest in wind energy in Cambodia. According to the Ministry of Mines and Energy, Blue Circle’s plan is to build at least 10 wind turbines with a capacity of 80 MW on the top of Bokor Mountain in Kampot province. Victor Jona, Director […]
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Japanese-backed sewerage system development project to begin construction in 2020
The first sewerage system development project in Phnom Penh backed by the Japanese government is set to begin construction in late 2020 following the grant agreement signing on 01 November. The US$27 million project is funded by the government of Japan, through the Japan International Cooperation Agency (JICA), and which will see construction of a […]
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Ministry of Mines prepares bidding for waste-to-energy project
The Ministry of Mines and Energy is preparing the documents for the bidding for a waste-to-energy project which will address the increasingly waste management and increase electricity supply in Cambodia, according to the ministry spokesman. Speaking with Construction and Property Magazine by phone, H.E Victor Jona, spokesman for the Ministry of Mines and Energy confirmed […]
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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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