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ខ្មែរ Investment and Funding
US$2.8-billion Phu Quoc large-scale resort to open in late April
- 10 April 2021
A large-scale resort spanning over 1,000 hectares on Phu Quoc Island is set to officially open on 21 April, according to Inside Asian Gaming. Known as the Phu Quoc United Center, the resort has been built by the VinGroup with an investment value of US$2.85 billion. Located in the northern part of Phu Quoc Island, the project consists of a five-star hotel, the largest theme park in Vietnam ca...
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Over 50 Private Firms Show Interest in Cambodia’s Infrastructure Investment
- 8 April 2021
More than 50 national and international companies have recently expressed interest in investing in Cambodia's infrastructure, according to an online meeting between the Ministry of Public Works and Transport (MPWT) and those firms on 07 April. MPWT Minister HE Sun Chanthol, in response, fully supported and welcomed all investments related to infrastructure. The minister has also committed to wo...
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Cambodia Produces Over 8.5 Billion Kilowatt-Hours of Electricity in 2020
- 8 April 2021
Cambodia produced over 8.5 billion kilowatt-hours of electricity through various power plants such as coal-fired and hydropower plants over the course of 2020, a slight decrease of approximately 1.87% compared to 2019, according to Prime Minister Samdech Hun Sen’s recent keynote issued on 5 April. He added that the number of houses connected to the grid has increased to about 2.91 million, or a...
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Cambodia Urges ADB to Focus on Cross-Border Facilities to Boost Logistics
- 6 April 2021
The Ministry of Public Works and Transport (MPWT) has urged the Asian Development Bank (ADB) to focus its development on cross-border facilities to help improve the logistics sector between Cambodia and neighbouring countries. The proposal was made during a working meeting between the MPWT and the ADB on 06 April. MPWT Minister HE Sun Chanthol said that the development of the cross-border ar...
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Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
- 5 April 2021
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan Commune, Angk Snuol District, Kandal. Another per...
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Construction & Property Weekly Video News (03 April 2021)
- 4 April 2021
<div class="youtube"> https://www.youtube.com/watch?v=exevKIk6xpQ </div> This week content (03 April 2021): #1 Three Communes Extracted from Kampot Province to Form New Bokor City [Read more] #2 NagaCorp Working Fresh Plans for Recently-Dismissed Siem Reap Resort, says Chairman [Read more] #3 Private Firm Unveils Study on Mondulkiri Airport Project [Read more] #4 Private...
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Apsara Field’s Oil Production Lower Than Expectation, Affecting Firm’s Restructuring Plans
- 1 April 2021
The oil production from five wells in Cambodia’s Apsara Field is lower than expected, providing less revenue and affecting the firm’s restructuring plan, according to a KrisEnergy announcement on 31 March. KrisEnergy said in the announcement that it is evaluating and revising plans to make sure oil production hits the target. The Apsara oil field started production from a single well, A-01D,...
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Thai Gov’t to Unveil ‘Land Bridge’ Locations by June
- 30 March 2021
The Thai government will unveil the locations of its planned ‘land bridge’ project, a possible replacement of the long-mulled Kra Canal, in June this year, according to Transport Minister Saksayam Chidchob. The project has been studied since September last year with an approved budget of 68 million baht (US$2.2 million). The studies include an environmental impact assessment, a business develop...
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Malaysian firms seek business partners within the construction sector in Cambodia
- 29 March 2021
Many Malaysian firms have expressed their interests in investing and establishing business partners within the construction sector in Cambodia, especially after the COVID-19 pandemic subsides, demonstrating a positive growth sign for the sector in the post-pandemic period. The investment consideration was unveiled during an online meeting last weekend between the Cambodia Constructors Associati...
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NagaCorp Working on Fresh Plans for Recently-Rejected Siem Reap Resort, says Chairman
- 27 March 2021
In response to the government’s recent rejection of the proposed US$350-million Siem Reap resort, NagaCorp Chairman Tim McNally has said that the firm is working on fresh plans to make the project possible, reported GGR Asia yesterday. The rejection was made by the Ministry of Culture and Fine Arts on 23 March, stating that the project would negatively affect the archaeological park so it canno...
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