Bids Open for Construction of Cambodia-korea Incubating Centre (CKIC)
credit: independent.com The KOREA International Cooperation Agency (KOICA) will provide US$7 million in grant aid to build a Cambodia-Korea Incubating Centre (CKIC) in Cambodia, according to Deputy Country Director of KOICA in Cambodia Ms Weon Jihye. Expected to start construction in early 2020, the project will be built on the 1600 square meter facility at the Royal University of Phnom Penh...
Read MoreNew Market Trends in Phnom Penh’s Office Properties
Amidst the slow growth of property markets across Southeast Asia apart from Thailand and the Philippines, the office market in Phnom Penh continues to remain strong with steady demand. Both demand and supply continue to be on a positive trend. As a result, landlords have enjoyed an increase in rental rates. Office spaces in Phnom Penh continue to sustain growth, amidst moderate levels of vacanc...
Read MoreConstruction on Kingdom’s Longest Bridge to Begin in 2019
Sample photo by ABC News Construction on Cambodia's new and longest bridge connecting Kampong Chhnang to Kampong Thom province is to begin in 2019, according to a senior official of the Ministry of Public Works and Transport (MPWT). On 18 March 2019, spokesman of MPWT H.E Vasim Sorya told Construction & Property Magazine that the project, which was announced on Prime Minister of Cambodia...
Read MoreConstruction on New Phnom Penh Airport to Start in September 2019
Construction on the US$1.5 billion Phnom Penh International Airport in Kandal and Takeo provinces is to begin in September, according to project owner Neak Oknha Pung Kheav Se. Speaking on the side lines of an MOU signing ceremony (read more) on 14 March 2019, Neak Pung Kheav Se, Chairman of the Overseas Cambodian Investment Corporation (OCIC), told Construction & Property Magazine that the...
Read MoreMeasures Set for Hotels, Restaurants and Construction
The government, through the National Committee for Cambodia Bay Management and Development, is setting out measures for hotels, restaurants and construction in Sihanoukville, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) on 25 March 2019. During an inspection trip to Sihanoukville province, the committee told all hotels, restaurants and construction to in...
Read MoreSouth Korea Finances Us$700 Million Loan to Help Infrastructures in Cambodia
Cambodia-Korea business forum credit : SPM Page The government of Republic of Korea has recently provided a USD700 million loan to Cambodia to upgrade and expand the infrastructure system in Cambodia, according to an official FB Page Samdech Hun Sen, Cambodian Prime Minister. The loans agreement was signed by Samdech Hun Sen Prime Minister of Cambodia and H.E. Moon Jae-In President of Republ...
Read MoreLand Minister Encourages People to Not Sell Land in Sihanoukville
Sihanoukville view H.E Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC), has urged people in Sihanoukville not to sell their land. During the annual meeting in Tbong Khmum on 12 March 2019, H.E Chea Sophara told attendees to encourage the people in Sihanoukville not to sell their land, but instead put it out for rent...
Read MoreKorea Signs Mou With Cambodia to Increase Cooperation in Construction
Korea signs MoU with Cambodia credit: CPM The South Korean government, through the Korea Trade-Investment Promotion Agency (KOTRA), has signed a Memorandum of Understanding (MOU) with the Cambodian Constructors Association (CCA) to boost construction investment in Cambodia. Mr Kwon Pyung-oh, President of KOTRA, said at the signing ceremony on 14 March 2019 that Korean companies have a keen i...
Read MoreLand Minster pledges to legalise all title deeds in the kingdom by 2021
Minister of the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) H.E. Chea Sophara has pledged to the public to legalise all the title deeds nationwide by 2021, with the aim to build more confidence for investors both domestically and internationally. “The ministry has so far legalised a total of 5.1 million title deeds out of 7 million unofficial deeds, which is equal to ...
Read MoreChroy Changva City to See Multi-Million International Convention Centre by 2020
The Overseas Cambodian Investment Corporation (OCIC) has invested more than US$18 million to build a new International Convention Exhibition Centre in Chroy Changva satellite city, according to the company’s management team. “This new convention centre will have a total area of 30,000 square metres, which is 80 metres wide and 240 metres long. The project is currently being constructed and is e...
Read MoreCambodia-singapore Co-host Seminar on Fire Safety Code
burning high-rise collapses - credit : Los Angeles Times The Ministry of Land and Management, Urban Planning and Construction (MLMUPC) together with the Singapore Board of Architects co-hosted a seminar on the fire safety code for the construction sector on 12 March, to help improve construction safety standards in Cambodia. The seminar, chaired by H.E Leang Monirith, the Secretary of State ...
Read MoreCambodia Agrees in Principle to Japanese Smart Cities Network
Sample photo by freepik.com The Cambodian government has approved in principle the Japanese Smart Cities Network initiative, according a letter by the Council of Ministers released on 11 March 2019. In a letter sent to H.E Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC), the Council of Ministers wrote “the Royal Government agrees...
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