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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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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Dusit Thani to Redevelop Bangkok CBD Holding

Thai hotelier Dusit Thani and shopping mall operator Central Pattana have announced plans to jointly invest US$1.16 billion in a mixed-use property development in Bangkok’s high-end central business district. The ‘Dusit Central Park’ is situated in the prime business area on the corner of Silom-Rama IV road where the flagship Dusit Thani Bangkok Hotel was built almost 50 years ago. Dusit Tha...

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Korean Company Proposes New Solar Technology for Water and Energy in Cambodia

Photo by ABB Group A Korean company is considering bringing new technology to produce clean water and energy in Cambodia using solar systems and is looking for local partners, according to a Facebook post by the Ministry of Commerce over the weekend. In meeting with H.E Pan Sorasak, Minister of Commerce, Mr Gyu-Ha Jang, Vice President of the Korea Importers Association (KOIMA), announced ini...

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