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ខ្មែរ Projects Development
ELT, Pointer Join Hands Developing New Large-Scale Innovative Residential Project in Southern Phnom Penh
- 27 April 2022
Two renowned key real estate players—ELT Development and Pointer Property –have joined hands to develop a new residential development in the southern part of Phnom Penh along Hun Sen Blvd, namely Borey ELT Courtyard 60m. ELT Development is a reputable company and has been actively involved in building human resources and education in Cambodia for over 20 years since 1994, while Pointer Property...
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FTB Breaks Ground on New US$112 million Headquarters “FTB Tower”
- 22 April 2022
Foreign Trade Bank of Cambodia (FTB) in collaboration with MSNH Investment Co., Ltd (MSNH) has announced the start of construction on its new headquarters named “FTB Tower”. The groundbreaking ceremony was held on 22 April and presided over by HE Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction. With a total gross floor area of 77,593 squar...
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New US$8.6 Million Investment Project Approved for Pou Senchey District
- 22 April 2022
The Council for the Development of Cambodia (CDC) has given a permit to QMDJ (CAMBODIA) CO., LTD to invest US$8.6 million in building a garment factory in Phnom Penh’s Pou Senchey district. According to a CDC announcement on 21 April, the new investment will help create approximately 500 jobs for locals. In the first two months of 2022, from January to February, the CDC approved a total of 3...
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US$34-million Japan-Funded Flood Protection & Drainage System Inaugurated
- 20 April 2022
A US$36-million Japan-funded flood protection and drainage system phase 4 in Phnom Penh has been officially inaugurated, playing a vital role in urban development in the capital. The inauguration ceremony was held on 20 April under the presidency of Samdech Prime Minister Hun Sen. The project took 36 months to be constructed, starting from December 2018. The full system includes the const...
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Cambodia, Japan Inaugurate Multiple Education Facilities in Battambang
- 19 April 2022
Multiple infrastructure and facilities within the Battambang Provincial Teacher Education College have recently been inaugurated under the presidency of Education Minister HE Hang Chuon Naron and Japan Embassy representative Karimata Atsushi. Those facilities include an administration building with 2 floors and 29 rooms, a teaching building with 3 floors and 30 classrooms, an IT & Library b...
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Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
- 19 April 2022
During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. Meanwhile, the investment value also dropped by 88.9%. ...
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Eyes Back on Phnom Penh’s Property Market
- 19 April 2022
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies supporting property purchases in t...
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Tourism Development Master Plan focuses on three main connections in Mondulkiri province
- 12 April 2022
The Master Plan on Tourism Development in Mondulkiri province 2022-2035 focuses on connecting the three main means of transportation for Mondulkiri province. The sixth strategic direction of the master plan stated the connection to facilitate travel and integrate within the national and regional framework, in three ways air, waterway, and expressway connections. Currently, the Royal Governme...
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Gov’t plans to build standardized heavy trucks parking lots around Phnom Penh suburb
- 12 April 2022
The Ministry of Public Works and Transport (MPWT) has requested Phnom Penh Hall to set up standardized parking lots for heavy vehicles and cargo trucks in Phnom Penh, especially in the suburban area. HE Min Manavy, secretary of state for the Ministry of Public Works and Transport, said on 7 April that the Ministry has paid high attention to this issue as at the moment heavy trucks are parking a...
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Gov’t approves four investment projects worth US$31M in PP, SHV, & Svay Rieng
- 11 April 2022
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest in four projects worth over US$31 million in Phnom Penh, Sihanoukville, and Svay Rieng. The first company is Covered Bridge Cabinetry Manufacturing Co., Ltd. investing US$8.8 million in building a furniture factory in Sihanoukville. The second company is SDJC STEEL AND WIRE (CAMBODIA) PRODUCTS...
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