Cambodia Achieves Major Milestones in Road Development by 2024
Cambodia has marked a remarkable achievement in its infrastructure by successfully constructing 854 national and provincial roads, totalling 20,307.6 kilometres as of 2024. This reflects an increase of 291.6 kilometres compared to the previous year's total of 20,016 kilometres, according to the latest report from the Ministry of Public Works and Transport. The report reveals that among these ro...
Read MoreUnlock a Dream Home & Up to USD 40,000 in Savings with Borey Peng Huoth this Chinese New Year!
Last Call Announcement Link As the joyous celebration of the Chinese New Year approaches, Borey Peng Huoth is excited to announce an exclusive offer for homebuyers! Customers looking to purchase a new home in January 2025 can take advantage of exceptional savings of up to USD 40,000 and delightful lucky charms to usher in prosperity. This limited-time opportunity is designed for those wishin...
Read MoreCambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks
Cambodia's commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the "Fearless Forecast" report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector faces similar headwin...
Read MoreLand Grant Initiative for Poor Families in Stung Treng Province
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. During a recent plenary Cabinet...
Read MoreTwin Skybridge Along 60-metre Road at Intersection of NR 2 45% Complete
The construction of a twin sky bridge along the 60-metre road at the intersection of National Road 2 is progressing well, with the project now 45% complete. The site was officially opened for construction on 17 June 2024, as part of efforts to enhance traffic flow between Phnom Penh and Kandal province. According to a statement issued by the Ministry of Public Works and Transport on 26 January ...
Read MoreVietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment
In a ground-breaking move that signals Vietnam's growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National Asse...
Read MoreJapan Enhances Education Infrastructure in Cambodia with USD 20 Million Investment
In a significant boost to Cambodia's educational landscape, Japan has announced a generous contribution of nearly USD 20 million to construct new school buildings in the Pursat and Banteay Meanchey provinces. This commitment underscores Japan's ongoing support for Cambodia's development efforts, particularly in enhancing access to quality education for its youth. At a recent signing ceremony he...
Read MoreTecho 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 t...
Read MoreGovernment Revives Stalled Projects in Sihanoukville
The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totalling an investment capital of USD 564 million. This initiative is part of the ongoing effort to revitalise the coastal region and encourage the resumption of major developments. During the 13th meeting on the "Special Program to Promote Investment in Sihanoukville Province 2024," h...
Read MoreCambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024
In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government's ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee 3 h...
Read MoreTransforming Kampong Thom: Cambodian Government’s Vision for a Thriving Tourism Hub
The Cambodian government aims to transform Kampong Thom province into a vibrant tourism hub by establishing two special working groups to prepare a comprehensive tourism development plan. This initiative highlights the province's rich cultural heritage, historical significance, and abundant natural resources, particularly due to its central location in Cambodia. The announcement was made during...
Read MoreTwo Kratie Province Roads Near Completion: Boosting Tourism and Transport
In exciting news for Kratie province, the long-awaited rehabilitation and upgrade of two major roads, totalling nearly 48.59 kilometres, are now 93% complete. This project, which extends from the roundabout in Preap (S) Kratie City to Sandan commune in Sambo district, is set to significantly enhance travel and transportation in the area. According to the latest report from the Ministry of Publi...
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