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ខ្មែរ 
Knowledge and Key Success
Structure of Five-star Hyatt Regency Completed
Photo by Facebook Page Chip Mong Group The building structure of the five-star Hyatt Regency hotel in downtown Phnom Penh has been completed, according to project developer Chip Mong Group. On 05 April, Chip Mong Group celebrated the topping off ceremony while announcing that the hotel is expected to be finished and welcoming guests in the first quarter of 2020. According to the company, ...
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Naga Secures Former White Building Land for Its New Us$4 Billion Project
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019. According to the 29-page report, NagaCorp Ltd said that “the Group would expect to incur approximately US$3.8 billion to US$4.0 billion in capital expendi...
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Cambodia Requests Australia to Provide More Funds for Electricity and Water Supply
Photo by Facebook Hor Channarith The Cambodian government has asked the Australian government to provide more funds for electricity and water supply projects in Cambodia, according to the results of a meeting between the two sides on 03 April 2019. According to the Council for the Development of Cambodia (CDC), the meeting between H.E Chhieng Yanara, Minister Attached to the Prime Minister a...
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Cambodian and French Firms Team Up for Home Furniture Market
Photo by Facebook Page Men Sam An Cambodia Deputy Prime Minister Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release. On 03 April 2019, both companies signed a memorandum of understanding as a trading partner at Raffles Hotel Le Royal Phnom Penh. Speaking...
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OCIC Begins Construction of Modern International Convention Centre
Cambodia’s leading developer, Overseas Cambodian Investment Corporation (OCIC), began construction of its ‘Chroy Changva International Convention Centre’ on 31 March 2019. According to the project report obtained by Construction & Property Magazine, the ‘Chroy Changva International Convention Centre’ will be constructed on a total land area of 26,774.38 square metres or equal to a total are...
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Land Investment Alert in Cambodia
Since Cambodia has enjoyed stability, the country has gained a large volume of foreign direct investments, one area of which is land investment. Recently, the numbers of condominium buildings are increasing in the cities of Phnom Penh, Sihanoukville, Siem Reap etc. The most predominant location is in the capital city Phnom Penh where the majority of businesses and head offices are located. Our ...
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Construction Sector Grows 23% Annually
Photo by Facebook Page Ministry of Economy and Finance The construction sector has grown at rate of 23% each year, according to H.E. Aun Porn Moniroth, Deputy Prime Minister and Minister of Ministry of Economy and Finance (MEF). Speaking at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019, H.E. Aun Porn Moniroth reported on the progress of the Cambodian ec...
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Government Terminates Royal Group’s National Railway Contract
Sample photo by Kidskunst.info The Royal Government of Cambodia has decided to end the contract of Cambodia Royal Railway for the operation of Cambodia’s railway, according to an announcement by Samdech Techo Hun Sen, Prime Minister at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019. “The Royal Government has decided to terminate the business of Royal Rai...
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Government Establishes Two Working Groups for Construction and Real Estate
Credit to acechamp.com The government has set up two working groups from the public and private sectors to find solutions for construction and real estate problems that might hinder businesses in these sectors. According to the two decisions dated on 25 March 2019 recently obtained by Construction & Property Magazine, the government has appointed two construction and real estate working ...
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Cambodia-Japan Friendship Bridge to Chroy Chongvar to Open on 3 April
Photo by Facebook Page Ministry of Public Works and Transport After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva is set to open in April, according to the Ministry of Public Works and Transport (MPWT). Aimed at reducing traffic congestion around the Chroy Changva area where traffic can often be very heavy during the upcoming Khmer New Year, the opening cerem...
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