Construction of High-rise Building Morgan Tower Kick-off

Photo by Skycrapercity Construction of Morgan Tower, a high-rise building located in the heart of the Diamond Island, Phnom Penh, began on Saturday 18 August, 2018. Backed by Chinese firm Morgan, the project is expected to cost US$160 million and feature a five-star hotel, offices, and other facilities. The tower will stand at 46 storeys and approximately 210 metres. The whole building is be...

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MLMUPC Minister Orders Shutdown on Recognition of Unregistered Property Transfers

Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara has ordered the respective authorities to stop checking and certifying property transfer documents that have not been recognised by the cadastral office, according to a document obtained by Fresh News dated August 16, 2018. As stated in the document, the move came as a result of increasing numb...

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Bentley Systems Announces Finalists

Bentley Systems, a leading global provider of comprehensive software solutions for advancing infrastructure, has announced the finalists in the Year in Infrastructure 2018 Awards program. The annual awards program honours the extraordinary work of Bentley users advancing infrastructure design, construction, and operations throughout the world. Twelve independent jury panels of distinguished indust...

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PM Hun Sen Urges an Increase in Stamp Duty

Photo by Chiangrai Times In a visit to garment workers on Wednesday 15 August, Prime Minister Samdech Techo Hun Sen urged the Ministry of Economy and Finance (MEF) to revise the country’s ‘stamp duty’, or property transfer tax, saying the current tax is too low. Citing the increase of land prices as a result of political and economic stability, Prime Minister Hun Sen called on H.E Kong Vibol...

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Chinese Firm Eyes​ High-speed Rail Project in Cambodia

Sample photo by Wikimedia Commons Construction firm China Railway Group Limited has disclosed its plan to invest in a high-speed rail line in Cambodia as a result of a meeting held on August 13, 2018, according to Kampuchea Thmey Daily. According to the same source, the investment plan was revealed during a meeting between Neak Oknha Pung Kheav Se, Chairman and President of Canadia Bank Plc ...

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Royal Group, Leading Singapore Firm Join for Mixed-use Development

Singapore property developer Hong Lai Huat signed a memorandum of understanding (MOU) with Cambodia’s largest conglomerate The Royal Group on 13 August to jointly develop a mixed-use development in Phnom Penh, according to the official press release. The planned mixed-use development is to be located on a freehold plot of land of approximately 8,221 square metres in Phnom Penh’s prestigious Tou...

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Construction Sector Attracts Most FDI in Cambodia

The construction sector is one of the four main pillars of Cambodia’s economy and the sector has been responsible for attracting the most Foreign Direct Investment (FDI) to the nation and is expected to continue to do so in the future. Economist Mr Teng De Lux told government news agency Agence Kampuchea Presse (AKP) in an interview that more than US$2 billion of FDI had gone into the construct...

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Cambodia’s First Productive Oil Field Project to Begin Production by Late 2019

Sample Photo / Credit: Maersk Drilling (Flickr) The first drop of oil to be extracted from Cambodia’s offshore oil field territory is scheduled as planned for late 2019. The news follows the latest update from KrisEnergy that it has now closed invitations to contractors for the tender for the engineering, procurement, construction, installation and commissioning services for the Apsara Oil Fiel...

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Construction of China-cambodia Friendship Medical Building Soon to Begin

The China-Cambodia Friendship Medical Building located in the northern part of the Preah Kossamak Hospital campus will begin construction very soon, according to the Ministry of Health (MoH). Fully-funded by the Chinese government, the “China-Cambodia Friendship Medical Building” will be a comprehensive teaching hospital with 400 beds and equipped with modern equipment. Comprising of 3-4 bui...

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Phnom Penh Airport Launches Newly-renovated Hi-tech Parking System

A newly-modernised automated parking system is set to be launched for the public at Phnom Penh International Airport (PPIA) on 16 August, according to a press conference organised by Cambodia Airports on 14 August. Mr Khek Norinda, Communications & PR Director of Cambodia Airports said the 16 August will be a soft opening and only facilitating motorbikes and taxies. The parking system will ...

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Government to Construct Training Pool Ahead of 2023 Sea Games

Sample photo training pool by 2MADEIRA.COM H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT) told a meeting in Kaoh Thum District on Sunday 12 August, 2018 that the government will construct swimming pools in the area so athletes can train for the 2023 Southeast Asian (SEA) Games, according to Fresh News. H.E Vasim Sorya, Director General of the Department o...

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Triumph Commercial Centre Opens Sales Office

The sales offce for​ the Triumph Commercial Centre (TCC) located in Boeng Salang Village, Sangkat Russey Keo, Russey Keo District, Phnom Penh officially opened on August 12, 2018. Owned by Chinese property developer Yunnan Shengmao Investment (Cambodia) Co., Ltd, the TCC will cost around US$1 billion to build according to the company’s director Mr Chen Tai An. Mr Chen Tai An explained that t...

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