Two potential districts future landed property in Phnom Penh
Sen Sok is the district with highest volume of landed property projects with completed landed residential project numbers standing at 45 developments as of Q3 2019, according to a CBRE Cambodia report. Due to Sen Sok’s rapidly increasing land prices, as this district is now very close to the centre of Phnom Penh, the landed property development will seek other two potential districts. The repor...
Read MoreCSP Window’s international quality window frame supply and installation services growing in popularity
With over 8 years’ experience in the market, CSP Window supplies and installs two types of window frames that are rapidly gaining popularity in the local and international markets. CSP Window currently supplies aluminium window frames that use European standards and also supplies u-PVC windows structures, which are imported from Germany. All CSP Window products are of high quality and the co...
Read MoreCambodia Seeks Japan’s aid on Infrastructure Development
Cambodian government through the Ministry of Public Works and Transports has asked Japanese government to help development the main projects in the sector of infrastructure, particularly building railway system in Phnom Penh and other projects in provinces. The appeal was made during a recent meeting between H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transports and H.E....
Read MoreLet’s Find Out! EP1: Why does Cambodia need to draft new construction law?
<div class="youtube"> https://www.youtube.com/watch?v=wIZeR0FOMts&t=71s </div> In October, the National Assembly enact the draft new construction law after checking, and was approved by the cabinet during its plenary session. But you know why Cambodia is trying to draft the new construction law? And what great impacts will this new law have on Cambodia's growth? ...
Read MoreKampong Speu to host SEA Games events in new US$2 stadium
An international standard stadium will be built in Kampong Speu province ahead of Cambodia hosting the 2023 ASEAN Games. An event hosted by the Kind Hearts foundation of Naga World on 19 November raised US$2 million to fund the stadium’s construction. Located in Tamol village in Chabar Mon town, Kampong Speu province, the stadium complex will be built across 4 hectares. In his speech at the ...
Read MoreTwo sectors key to Cambodia achieving middle-income status by 2030
Cambodia has set itself the target of progressing from a low-income to a middle-income country by 2030 with an aim of achieving similar status to Thailand or Malaysia today in just over 10 years. At the 2nd Asia Pacific Summit on 19 November Samdech Techo Hun Sen said that, “now, Cambodia is making further efforts to become an upper middle-income nation by 2030 and to become a high-income natio...
Read MoreMinistry Orders Gold Tower 42 to Suspend Construction
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) issued a temporary moratorium on the construction of the Gold Tower 42 on 20 November and ordered the company to fulfill the required safety conditions before construction could resume. The letter ordered Lee Sun-hum, a representative of Yon Woo (Cambodia), the owner of Gold Tower 42, to suspend construction from the date...
Read MoreGovernment to adopt community-based tourism development in national policy
Community-based tourism is being adopted as integral part of the Ecotourism Policy (2019-2030), which will support the private sector, particularly tourism companies, in developing community-based tourism sites. H.E. Thong Khon, Minister of Tourism said on Tuesday, 19 November at the 1st National Ecotourism Forum, that the implementation of the National Eco-Tourism Policy will allow the stakeho...
Read MoreUS$ 200 million to build the water treatment plant in Phnom Penh
The Phnom Penh Water Supply Authority (PPWSA) and a French construction company will build a water treatment plant in Bakheng at an estimated cost of US$200 million to supply water to nearly half of Phnom Penh's consumers, according to a statement released by VINCI Construction on Tuesday 19 November. French-based VINCI Construction Grands Projects recently won the bid to build the water treatm...
Read MoreThe kingdom’s railway reopening – how is it progressing?
Cambodia Railway consists of two lines with a total length of 650 kilometres. The Northern Railway has a length of 386 kilometres from Phnom Penh to Poi Pet (Cambodia-Thailand border) and was constructed and functional between 1929 to 1942. The Southern Railroad was built between 1960 and 1969 and is a total length of 264 kilometres. The two train lines were abandoned for more than four decade...
Read MoreHunan Province investors attracted by main sector potential
Cambodia has attracted investors from Hunan province, China to invest in the country’s main sectors. The Royal Government of Cambodia has encouraged the interest, particularly in the development of infrastructure to make Cambodia more competitive by being well-connected inside the country and in the region. Speaking at a Hunan Investment Promotion and Machinery Expo held in Phnom Penh on 19 Nov...
Read MoreReport: Demand in Cambodia increasing for construction and infrastructure advancement
As the Cambodian government focuses on infrastructure development, market opportunities are rising for companies operating in the construction and infrastructure industry to emphasise technological advancements and standardise modern methods of construction, according to the recently published OG Analysis report. Titled ‘Cambodia Construction and Infrastructure Market, Size, Share, Outlook and ...
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