Business and Market
World Bank: China Slowdown, Cambodia Construction and Real Estate Prone to Risk
As Cambodia’s main source of investment inflow comes from China, a slowdown in its economy will likely to see Cambodia’s construction and real estate sectors prone to risk, according to a World Bank Economic Update Report released last week.
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Study on Improving Railway Network Starts
China Railway Construction Corporation (CRCC) Limited starts its mission in conducting study on improving the railway network in Cambodia and the transportation infrastructure in Phnom Penh City to ease traffic congestion.
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France Provides Us$30 Million for Developing Cambodia’s Power Transmission Network
France Development Agency (AFD) and the European Union have decided to provide of €$29.1 million in cooperation financing, approximately US$30 million for implementing on modernizing
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Hoa Phat Group Exports More Than 45 Thousand Tons of Steel to Cambodia
Vietnam-based steel manufacturer Hoa Phat Group reported an increase of more than 28% in sales of construction steel in the first three months of 2019 with Cambodia purchasing around 45,000 tons of the total sales, according to a press release by the company.
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Royal Group, Singapore Developer Building Luxury Condo in Toul Kork
The Royal Group and Singapore-based real estate developer Hong Lai Huat Group Limited have partnered to jointly develop a 28-floor condominium in Toul Kork district.
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Us$200 Million ‘one Central Tower’ Project Ground Breaks in Boeung Snor
Global investment firm B.I.C Group broke ground on its first real estate project ‘One Central Tower’ located in the east of Phnom Penh on 06 May 2019 with the aim to transform the area into a world-class urban destination, according to their press release.
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Construction of Japan-funded Teacher Education College (TEC) Begins
The Cambodian Minister of Education, Youth and Sport and the Japan Ambassador to Cambodia witnessed the ground-breaking ceremony of Teacher Education College (TEC) located in Phnom Penh on 07 May.
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Kampot International Tourism Seaport Construction Completed by End of 2019
Construction on the Kampot International Tourism Seaport is now about 25% complete with work on the facility expected to finish before end of 2019.
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Winners Announced for PropertyGuru Cambodia Property Awards 2019
The winners for the finest real estate projects in Cambodia were announced at the Gala Dinner of the ‘4th Annual PropertyGuru Cambodia Property Awards’ held at Sofitel Phnom Penh Phokeethra on 03 May 2019.
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Ground Broken on Manila’s First Metro
Ground was broken on Manila’s first ever metro system in March 2019, although the Japanese contractors responsible have already warned that the 2022 deadline for completion is too optimistic.
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