Public ministry studies location for Kratie-Kampong Thom bridge
The Ministry of Public Works and Transport (MPWT) conducted a study tour on 23 July to determine the location for the bridge construction project linking Kratie and Kampong Thom provinces, which the ministry believes will significantly contribute to the transportation sector in Cambodia. Speaking in an interview on the sidelines during the National Road No.7 […]
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Cambodia hotel sector appeals to more foreign firms
In response to the economic growth and the increase in number of tourists, more and more international firms are eyeing hotel investments in Cambodia, especially within the luxury segment. As forecasted by the Ministry of Tourism, Cambodia needs an additional 100,000 hotel rooms by 2028 of which 60, 000 rooms will be in the luxury […]
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The future of infrastructure developments and the construction industry in Cambodia
In the past decade, Cambodia has launched ambitious infrastructure developments toward building much needed airports, bridges, dams, roads and seaports. However, Cambodia still ranks 112 out of 137 nations in terms of infrastructure ranking, lagging behind most of its Southeast Asian neighbours according to the World Economic Forum’s latest Global Competitiveness Report. It revealed that […]
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Lumiere Residence set new property landmark in Phnom Penh
Following the success of Lumiere Hotel, Singapore-based Lumiere Hospitality (LH) opened its second project in Phnom Penh on 21 July which will set another hospitality landmark for the city. Known as the Lumiere Residence, this 25-storey building comprises of luxury hotel rooms and apartments which are elegantly designed and laid out, equipped with a rich […]
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Construction complete for National Road No.55
Following 42 months of construction, National Road No.55 connecting National Road No.5 to the border of Trat Province, Thailand, has been completed, according to the Ministry of Public Works and Transport (MPWT) on 22 July 2019. Constructed by China Road and Bridge Corporation (CRBC), this 180-kilometre long, 9 metre wide road links National Road 5 […]
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Construction investment value increases more than 57% in H1 2019
The value of investment in the Cambodian construction sector reached more than US$3 billion in the first six months of 2019 driven by residential and commercial projects, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) latest figures. As of June 2019, the ministry approved 2,047 construction projects with an estimated investment […]
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Shanxi Wins Us$42 Million Bid for Siem Reap Angkor International Airport Expansion
China-based construction firm Shanxi Mechanization Construction Group has won a 290 million yuan (about $42.16 million) bid to construction two sections of Siem Reap Angkor International Airport project.
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Bangkok Airways to Invest in Koh Kong Former Airport
Thai-based airline Bangkok Airways is to invest in re-building the former Koh Kong airport in Khemarak Phoumin City soon after the government has given greenlight in the June meeting.
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140-megawatt Solar Power Projects Approved
The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption.
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property.
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