EuroCham Forum: Rapid urbanization a time for more opportunities and regulations

In response to the ever-growing construction and property development across the country, more than 250 industry players and government authorities sat down at the Raffles Hotel to explore more opportunities and regulations for an increasingly sophisticated market. “The property and construction sector have played an even bigger role in contributing to maintaining national growth,” said H.E, La...

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400MW Diesel Fired Plant to Build in Kandal Province

The 400 MW power plant running on diesel to generate electricity will be built in Kandal province’s Lvea Aem district, bringing hope to the nation with current energy crisis in Phnom Penh city. The government is ordering its purchases the diesel-running generators from Finland and Germany to install in Kandal province with total investment of US$355 million, H.E. Ty Norin, secretary of state at...

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Japan to Provide Close to Us$2 Million to Develop Sihanoukville Port

The Royal Government of Japan will provide US$1.8 million in aid to Cambodia to build a freight station inside the Sihanoukville Autonomous Seaport. The agreement for the aid provision was signed on 31 May by Japanese ambassador to Cambodia Hedehisa Horinouchi and Cambodian Ambassador to Japan Ung Rachana, witnessed by Samdech Techo Hun Sen, Prime Minister of Cambodia and his Japanese counterpa...

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26 Firms Apply for Bidding on Solar Farm in Kampong Chhnang

26 private companies have applied for public bidding on the Cambodia National Solar park project in Kompong Chhang province, with the tender winner to be be declared after consideration on the investment and electricity price proposed by each company. In the public bid opening on the Cambodia National Solar Park Project held at Electricity Du Cambodge (EDC) on 29 May, Pa Nimol, deputy director ...

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Over US$5 Billion in Infrastructure Loans Granted to Cambodia

Cambodia has received more than US$5 billion in loans for infrastructure development projects from the China Development Bank​ (CDB) as part the work to support national economic development, the bank said on 30 May 2019. Speaking at a seminar on ‘Development Finance: Supporting Cambodian Economic and Social Development’ held at Koh Pich City Hall, Mr Liu Jin, Dean of the Development Finance In...

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Land Ministry Permits Construction of Naga 3 on Former White Building Plot

The construction of Naga 3 on the former White Building has been granted construction permits after the company amended its layout plans. The planned integrated entertainment complex of NagaCorp Ltd using an investment of approximately US$4 billion will be built on a total of 16,837 square metres in Sangkat Tonle Bassac, Khan Chamkar Morn, Phnom Penh. The project was already been granted con...

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Cambodia Property Awards Calls for More Entries to Help Promote Real Estate Quality

With the country’s rapidly growing real estate industry and the rising market competition, public and private experts have called for more entries for the annual ‘Cambodia Property Awards’ to help promote Cambodia’s real estate quality. The Cambodia Property Awards is part of the regional Asia Property Awards program by PropertyGuru which was incepted in 2005 and now has a presence in 15 market...

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Vietnam Conducting Survey on Foreign Property Ownership

Vietnam’s Ministry of Construction is overseeing the compilation of a report into the scale of foreign home ownership nationwide following the relaxing of ownership rules with the Housing Law in 2014. Information from the report, including location and types of homes purchased, will be used to evaluate the implementation of the policy allowing foreign organisations, individuals and Viet kieu (o...

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Pm Lures More Japanese Investment to Cambodia

Samdech Techo Hun Sen, Prime Minister of Cambodia, has called for more Japanese investors and businessmen to consider investing in Cambodia, as he gave high praise for the good quality investment by Japanese investors and businessmen operating in the country. In the workshop on Investment Opportunity in Cambodia held in Tokyo, Samdech Hun Sen asked Japanese investors and businessmen who have vi...

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Land Ministry Approves US$2.7 Billion in Construction Investment in Q1 2019

More than US$2.7 billion in construction investment projects were approved within the first quarter (four months) of 2019 with China being the leading investor, according to the latest figures from the Ministry of Land Management Urban Planning and Construction (MLMUPC). From January to April, MLMUPC approved construction investment projects with an estimated value of US$ 2,742 million with for...

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Experts Discuss Opportunities and Challenges for Property Market

As both buyers and investors pay more attention to the booming property sector, experts from the sector shared the market opportunities and challenges at a recent training session. Speaking in front of students and industry insiders at the training course held at the Royal Chartered Academy Institute (RCI), Mr Daniel Tan Garkbin, property practitioner and professor at RCI, shared his optimistic...

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Battambang Province Set as Economic Core Zone in Country’s Northwest

The royal government has set Battambang province as the core economic zone in the northwest of the county by setting up the strategic plan, vision, and plans for developing the province to achieve the goal by 2030. In the sub-decree on the usage of the Battambang Urban Planning Master Plan, the government set the targets by establishing an urbanisation zone for residential, commercial, and tour...

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