Projects Development
Beulah’s STH BNK Project to become Australia’s Tallest Building with US$2bn Investment
Beulah, a prominent developer, has been given the green light by the Victorian government to proceed with the STH BNK project, which will be Australia’s tallest building upon completion. The $2bn project will consist of two towers, with the first one towering over the nation’s current tallest skyscraper, the Q1 building, at a height of […]
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Dara Sakor International Airport Nears Completion, Scheduled to Open Mid-2023
The highly anticipated Dara Sakor International Airport, invested by China’s Union Development Group, has reached over 90% completion as of 31 March 2023, with over US$180 million spent on the project. This is according to H.E. Sinn Chanserey Vutha spokesman and undersecretary of the state Secretariat of Civil Aviation (SSCA) told Construction and Property on […]
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Cambodia’s First Sports Village Completed for the 2023 SEA Games
The 2023 Southeast Asian (SEA) Games, scheduled to be held in Cambodia, are set to be a grand celebration of sports and culture. To host this very splendid event, the Sports Village for the 2023 SEA Games was officially inaugurated on the evening of 20 April 2023 under the presidency of Samdech Pich Sena Tea […]
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Tbong Kmum Builds Almost 3000km of Road and Completes NR 71C Over 70%
In the last five years, Tbong Khmum provincial administration has made significant strides in enhancing infrastructure development, with the construction of over 2,698km of road across the province. One of the major infrastructural projects currently underway in the province is the completion of NR No. 71C, which will connect Tbong Khmum District in Tbong Khmum […]
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Canopy Sands Development Plans to Build Cambodia’s First Cable Car Project in Bay Of Lights
Canopy Sands Development, a member of the Prince Holding Group of Cambodia, is set to begin construction of Cambodia’s first cable car project in Bay Of Lights, Sihanoukville, in early 2024. The project is part of the Bay of Lights development covering 934 hectares. The announcement was made by AMS on 12 April 2023, and […]
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Thailand Eyeing Investment Opportunities in Cambodia’s Booming Logistics Sector
Thailand is exploring investment opportunities in Cambodia’s logistics sector, as the two countries seek to strengthen cooperation in this area. At a meeting on 19 April 2023.between HE Sun Chanthol, Cambodia’s Minister of Public Works and Transport, and Mr. Supachai Verapuchong, CEO of Logistics Intelligence Cambodia Co., Ltd, the Thai delegation expressed its desire to […]
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IFC Partners with Cambodia for Feasibility Study of Sihanoukville Logistics Complex
The International Finance Corporation (IFC) of the World Bank has teamed up with Cambodia’s Ministry of Public Works and Transport to provide financial advisory services for the feasibility study of the Sihanoukville logistics complex (SHV-LC). The signing ceremony for the Financial Advisory Service Agreement was held on 19 April in the presence of HE Sun […]
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Cambodian Board of Investment Approves US$12.2 Million for Three New Factories
The Council for the Development of Cambodia has granted approval for the establishment of three new factories in Cambodia, with a total investment of US$12.2 million. The Board of Investment of Cambodia confirmed the registration of the solar panel factory, “GE NEW ENERGY TECHNOLOGY (CAMBODIA) CO., LTD” in Phnom Penh, the electronic assembly plant, “EBELNO […]
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Why is Cambodia Pushing Out Multiple Infrastructure Projects Despite an Ongoing Global Crisis?
Amidst a global crisis, Cambodia remains committed to infrastructure development, with over US$30 billion in projects currently underway or on the table. The country’s railway system is a focal point, with plans to modernize the 382-kilometre Phnom Penh-Poipet railway system to become the kingdom’s first standard high-speed rail line. The project, estimated at over US$4 […]
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China Invests US$500 Million on Groundbreaking Subsea Cable Network to Rival USA
China has set its sights on developing the world’s most extensive and advanced subsea fiber-optic internet cable network, spanning across Asia, the Middle East, and Europe. The cable network will cost an estimated US$500 million to complete, and it will be laid by Huawei Technologies Co Ltd-owned fast-growing cable firm, HMN Technologies Co Ltd. The […]
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