Projects Development
Asset Management – A course to help us to understand the importance of assets
The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. In real estate, assets can cover infrastructure, […]
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US$21.2 million in projects approved across three provinces
The Council for the Development of Cambodia (CDC) approved four investment projects across three provinces on 31 July with a total investment value of more than US$21.2 million, adding more than 1,500 jobs to the market. The Prestige Hospital Co., Ltd, was permitted to build its 100-bed world class hospital in Sangkat Tonle Bassac Khan […]
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PM Calls On Land Ministry To Review Construction Permit Process
In response to the complaint of the slow process in obtaining construction permits, the Cambodian Prime Minister on 29 July called on the land minister to review the process. “Some construction sites work illegally because officials refused to approve them [construction permit], so [land minister] needs to look at this,” Prime Minister Samdech Techo Hun […]
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CDC approved US$36 million construction material investment in Sihanoukville
The Council for the Development of Cambodia (CDC) on July 29 approved six construction material investment projects in Sihanoukville with totaling investment value of more than US$36 million. Located mainly in the Sihanoukville Special Economic Zone (SSEZ), the total six projects expected to generate 1,838 jobs using an investment capital of US$36.2 million. TB Flooring […]
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Demand for industrial developments increase as Chinese manufacturers shift production overseas
Industrial zones have reported that demand has increased from Chinese manufacturers looking to relocate to Cambodia, due to the US-China trade war that has resulted in products made in China having higher tariffs. As a result, industrial developers are getting enquiries from Chinese companies that want to switch their manufacturing base from China to Southeast […]
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Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit
Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which […]
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Gov’t to focus on construction and real estate labour with extended UN programme
The Ministry of Labour and Vocational Training (MLVT) is looking to focus on creating access to decent and productive employment opportunities for Cambodian youth within the construction and real estate sector through a new joint labour programme with the United Nations. The Labour ministry and the United Nations agreed to extend the ‘UNited for Youth […]
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Public ministry studies location for Kratie-Kampong Thom bridge
The Ministry of Public Works and Transport (MPWT) conducted a study tour on 23 July to determine the location for the bridge construction project linking Kratie and Kampong Thom provinces, which the ministry believes will significantly contribute to the transportation sector in Cambodia. Speaking in an interview on the sidelines during the National Road No.7 […]
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Cambodia hotel sector appeals to more foreign firms
In response to the economic growth and the increase in number of tourists, more and more international firms are eyeing hotel investments in Cambodia, especially within the luxury segment. As forecasted by the Ministry of Tourism, Cambodia needs an additional 100,000 hotel rooms by 2028 of which 60, 000 rooms will be in the luxury […]
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US$4 Billion NAGA3 Set for Construction in September
Hong Kong-listed NagaCorp Ltd has announced that construction on its third project on the White Building land of Phnom Penh will start in September 2019 while claiming that the project will attract more urban investment into the city. Speaking in an interview with Bloomberg TV on 23 July, Mr Timothy McNally, chairman of NagaCorp Ltd […]
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