OCIC to develop airport economy zone 10 times bigger than Koh Pich

Cambodia’s leading real estate developer Overseas Cambodia Investment Company (OCIC) will develop an airport economy zone in Kandal ten times bigger than Koh Pich, according to the company’s Chairman Neak Oknha Pung Kheav Se.

Neak Oknha Pung Keav Se made the announcement on the sidelines of the Cambodia Construction Industry held at the Koh Pich Exhibition and Convention Center on 05 December.

His statement comes as construction is under way on the New Phnom Penh International Airport in Kandal Province which is set to be completed by 2023 in time for Cambodia hosting the 2023 ASEAN Games. (Read more)

Speaking with confidence that the project will undoubtedly succeed, Neak Oknha Pung Kheav Se said the airport economy zone will span across more than 1,000 hectares and feature commercial facilities as well as affordable housing projects.

OCIC is the developer of the new US$1.5 billion airport that will span across 2,600 hectares of land of which 700 hectares will be airport facilities with the rest earmarked for commercial and residential projects. (Read more)

- Video Advertisement -

Related Post

Techo International Airport Nears Completion: A New Gateway to Cambodia

In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country’s skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including the Passenger […]

Chinese Company Pledges to Complete Mondulkiri Wind Power Station by 2026

In a significant commitment to renewable energy in Cambodia, HK OASIS Power Energy Development Co., Ltd. has vowed to complete the construction of a 150-megawatt wind power station in Mondulkiri province by 2026. This pledge was made by Mr. Wang Junwei, the company’s representative, during a meeting with HE Chea Vuthy, Secretary General of the […]

Serei Sophorn Welcomes the New 11 hectares of Landfill

In a significant development to enhance urban environmental management around the Tonle Sap Lake, the government officially inaugurated over 11 hectares of landfill on January 17, 2025. This project, part of the Phase 2 initiative, received support through a concessional loan from the Asian Development Bank (ADB). The landfill in Kangvea village of Sangkat Kampong […]

China Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns

China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about […]

Cambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025

In an exciting start to the year, Cambodia’s investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural “One Window Service Office” (OWSO) meeting for 2025, held on 15 January, chaired […]

Progress Update on Kampong Thom Dam Project: 25% Completion Mark Achieved

Construction on the Kampong Kor Dam is progressing steadily, with 25% of the project now completed. HE Chan Sinath, Secretary of State, provided this update during an inspection of the project on 12 January 2025. During the inspection, HE Chan Sinath outlined the project’s current status, specifying that the dam’s construction has reached 10%, while […]