Investment and Funding
Bluebell signs MoU with Oxley to Manage the Peak Mall
Leading Asian Omni brand operator Bluebell Trading Pte. Ltd has recently signed an MoU with Oxley Gem (Cambodia) Co., Ltd to manage the Peak shopping mall project, according to a press release from the company on 24 December. Ashley Micklewright, CEO of Bluebell Group said, “We are delighted to partner with Oxley-Worldbridge in Cambodia, and […]
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Several EU Members Provide Co-financing of US$115 million for Cambodia’s Rural Infrastructure Development
The German development bank KfW, AgenceFrançaise de Développement (AFD) and the European Union (EU) have provided US$115 million in co-funding to Cambodia for rural infrastructure development projects in the central area of the country. The agreement was signed recently by the Cambodian government, the German development bank KfW, AFD and the EU representatives, according to […]
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Seven Tourism Projects Planned for Koh Kong Province
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the […]
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OCIC to Invest Over US$600 million in Infrastructure Development Next Year
The Overseas Cambodia Investment Corporation (OCIC) has invested approximately US$300 million to develop many massive projects this year, as the firm also plans to invest at least US$600 million more in 2021. OCIC’s chairman Neak Oknha Pung Kheav Se told Construction & Property Magazine on 19 December that the firm has invested around US$70 million […]
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) […]
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The Rise of Food Courts in Retail Spaces
By Eric Wong Chon Lap Food courts have been an essential experience for many mall-goers and is one of the magnets to draw in traffic. In Phnom Penh, it is common to see food courts packed with students or families hanging out for lunch or dinner. As food courts generally offer quick and affordable meals, […]
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Gov’t Mulls Building Railway Connecting Phnom Penh City Centre to New Airport in Kandal
The Ministry of Public Works and Transport plans to construct a railway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province to help ease travel after the airport’s completion in 2023. Under-Secretary of States of Ministry of Public Works and Transport HE Ly Borin told Construction & Property Magazine […]
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Gov’t Officially Approves US$1.1 billion 700-megawatt Coal-fired Power Plant in Koh Kong
The Cambodian government through The Council for the Development of Cambodia this morning (8 December) officially allowed Royal Group’s subsidiary Botum Sakor Energy Co., Ltd to proceed with the US$1.1 billion 700-megawatt coal-fired power plant in Koh Kong province. Located in Thmor Sor and Chamlang Kou village, Khum Thma Sa, Botum Sakor district, this massive […]
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Gov’t seeking funds for PP mass transit as feasibility studies continue
The feasibility studies for the Phnom Penh mass transit projects are ongoing, one of which has been completed, and the other two are awaiting the results. In the meantime, the government is also seeking funds to implement this massive plan. HE Ly Borin, under-secretary of state at the Ministry of Public Works and Transport, recently […]
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Gov’t Urges Development Partners to Invest in over 300 Logistic Projects in Cambodia
The Cambodian government has urged all development partners to invest in over 300 logistic projects in Cambodia, while the logistic master plan prepared by the Ministry of Public Works and Transport (MPWT) is being finalised. MPWT Minister HE Sun Chanthol made the announcement in his speech during the video conference of the 11th International Infrastructure […]
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