Projects Development
Construction of Koh Tonsay Port, Landfill, & Seaside Road in Kep 62% Complete
Construction of the Koh Tonsay tourism port, landfill, and seaside road in Kep province is 62% complete according to the details in an official meeting on 04 August 2022. Deputy Technical Advisor of the Asian Development Bank (ADB) Horm Nimol said that the sub-projects of the landfill, coastal road and Koh Tonsay tourism port have been 98.8%, 10.4%, and 8.5% completed respectively. He added ...
Read MoreMinistry of Environment green-lights seven ecotourism investments in Bokor National Park
The government has given the green light to private firms to establish seven ecotourism projects in Monivong Bokor National Park while the Ministry of Environment (MoE) is currently inspecting and demarcating the actual site. HE Neth Pheaktra, Secretary of State of the Ministry of Environment, said on January 17 that these projects are small-scale projects with a land size of less than 10ha eac...
Read MoreNew beach development in Kep set to be ready in April
The project to transform a 2.7-kilometer-long muddy beach in Phum Thmey village of Kep city into a public beach resort is now 90% completed and set to be ready for the public by April this year. According to the Kep Governor HE Som Piseth on Tuesday 19 January, the sand filling work is almost completed while the next task is the decoration and gardening. “As scheduled, the project will take ...
Read MoreNew Five-Star Hotel Worth US$128 million Approved for Boeng Keng Kang District
The Council for the Development of Cambodia (CDC) has given a permit to K.B.X Investment Co., Ltd to invest US$128 million in building a new five-star in the centre of Phnom Penh city. According to the CDC announcement on Monday 17 January, the hotel will be located along Monivong Blvd, in Sangkat Boeung Keng Kang III and will create at least 730 jobs for locals. On the same day, CDC also ga...
Read MoreGov’t Approves US$1.3-billion Multipurpose Port & Logistic Centre for Kampot Province
The Council for the Development of Cambodia (CDC) has given a permit to Kampot Logistics & Port Company Limited to invest US$1.3 billion in establishing a multipurpose port & logistic centre in Kampot province. According to the CDC’s announcement on Monday 17 January, the project will be located in Changhon village, Sangkat Prek Tnaot, Bokor City and will create at least 590 jobs for lo...
Read MoreJapan to Help Improve SHV Deep-Sea Port Management & Operation System
The project to improve the management and operation system at the Sihanoukville deep-sea port phase 3 is set to begin in May, as Cambodia and Japan have just signed a Record of Discussions to officially launch the cooperation. The signing ceremony was held on January 17 in the presence of Sihanoukville Autonomous Port (PAS) CEO HE Lou Kim Chhun and JICA Cambodia Chief Representative Ms Kamei Ha...
Read MoreNew Stadium in Pursat Province Inaugurated
The new stadium in Pursat Province’s Phnom Kravanh district was officially inaugurated by Pursat Governor HE Chiao Tay and Secretary of State of the Ministry of Mines and Energy HE Tin Norin on Saturday 15 January. Construction on the new stadium began in 2018 and was completed in 2021 with a national budget of over 100 million riels. The new stadium includes 1 football pitch, 2 volleyball c...
Read MoreTwo Investment Projects Worth US$22 Million for Sihanoukville & Takeo
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest over US$22 million, setting up two factories in Sihanoukville and Takeo. According to the CDC’s announcement on 14 January, the two firms include: YH FINE MATERIALS CO., LTD to establish a micro silica & silica powder factory in Prek Pros Village, Teuk Thla Commune, Prey Nob District, Sihanoukv...
Read MoreAlpha Commercial Bank Invests US$10m in New PP Airport Bonds
Alpha Commercial Bank PLC has invested US$10 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport in Kandal province. The agreement was signed was held on Friday 14 January by CAIC Director Charles Vann and Alpha Commercial Bank PLC Chairman Oknha Ly Kunthai under the presence of OCIC Chairman Neak Oknha Pu...
Read MoreUS$230-million 45-storey Chip Mong Tower Building Topped Off
Chip Mong Group held a topping-off ceremony on Friday 14 January for the 45-storey Chip Mong Tower, an international mixed-use commercial building with an investment of US$230 million, located along Russian Blvd in Phnom Penh city. Neak Oknha Leang Khun, Co-Founder and Chairman of Chip Mong Group, said that the completion of the structure to the top of the 45-floor building is an important achi...
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