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ខ្មែរ Business and Market
Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
- 2 March 2022
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government's Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to seek thei...
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Turkish Investors Mull Investing in Cambodia’s Construction Sector
- 28 February 2022
Turkish investors have expressed interest in investing in Cambodia's construction sector, citing that Cambodia has very high investing potential, according to the Cambodian Chamber of Commerce. The interest was raised by Mr Ferudun Cevahiroglu, President of the Turkish Federation of Industrial Businesses, in a meeting held on 26 February with the Cambodian delegation led by Vice President of th...
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Population Growth & Modern Living Trend to Boost Demand for Condos, says Expert
- 25 February 2022
The condominium market in Cambodia, which is currently heavily reliant on foreigners, will be supported by local customers due to population growth and the trend of living in modern housing. Executive Vice-President for the Cambodian Valuers and Estate Agents Association (CVEA) said if the developers establish the right price, size, and style to match the taste of locals, the market will catch ...
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Gov’t to Help Resume Development of Unfinished High-Rise Buildings in SHV
- 23 February 2022
The Cambodian government has set out a plan to help attract new investors to continue the development of unfinished high-rise buildings in Sihanoukville that were affected by the COVID-10 pandemic in the past two years. The remark was made by HE Vongsey Visoth, Permanent Secretary of the Ministry of Economy and Finance in a public forum on macroeconomic management and the 2022 budget law last w...
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2022 Cambodia Property Awards Announced with All-New Best Coastal Residential Development Category
- 23 February 2022
PropertyGuru has officially announced the return of2022 PropertyGuru Cambodia Property Awards with an in-person, safely conducted, exclusive black-tie gala dinner and ceremony to be held at the Sofitel Phnom Penh Phokeethra on 26 August. The announcement was made during the media roundtable held on 23 February at the Sofitel Phnom Penh Phokeethra. The event was joined by Property Guru Asia P...
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Cambodia’s Construction Sector Improves Ranking in Region
- 23 February 2022
Cambodia’s construction sector has improved its ranking among countries in the region, with the score rated in January 2022 showing better performance. According to the GlobalData's Construction Project Momentum Index, the construction sector in Cambodia is also seeing fewer and fewer problems, with score on the index going up from 0.47 in December 2021 to 0.82 in January 2022. Within Southe...
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Japan Plans to Invest in Building 2000-Unit Housing Project in Siem Reap
- 22 February 2022
Japanese company UR Linkage Co Ltd has unveiled a study plan to invest in building a 2,000-unit Japanese standard affordable housing project in Siem Reap. This project was presented in the 3rd Public-Private Forum on “Cambodia-Japan Urban Development’ held on 16 February. Named Sakura Angkor, the project is currently in the study phase and is a collaboration between Japan and Cambodia under ...
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Five firms sign MoU to strengthen real estate investment between Cambodia and EU
- 21 February 2022
Five major local and international companies have entered partnerships on new investment opportunities to promote real estate investment between Cambodia, Canada and Portugal. The MoU was signed on 18 February between Zillennium Co., Ltd (Z1 Group), Z1 Financial, Century 21 Fortuna Investment, Mercan Group and Mercadia Cambodia. The collaboration is an important step towards contributing to ...
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ADB Plans to Build Standardised Fishing Port in Sihanoukville
- 18 February 2022
The Asian Development Bank (ADB) is helping Cambodia implement a sustainable coastal and marine fisheries project, with plans to build a new standardised fishing port in Sihanoukville. According to the meeting on Thursday 17 February, the project aims to improve fishery efficiency, strengthen waste management, and reduce the impact on marine life from fishing activities. The project includes...
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Hong Kong-Based SUNWAH Group Mulls Investing in Real Estate Sector in SHV
- 18 February 2022
The Sihanoukville provincial administration has expressed its full support to Hong Kong-based SUNWAH Group which intends to invest in the real estate sector in Sihanoukville, as company representatives are currently exploring investment potential in the province. The investment plan was unveiled during the meeting between Sihanoukville Governor HE Kouch Chamroeun and Director of SUNWAH Mr Jason...
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