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ខ្មែរ Projects Development
OCIC Unveils Details of Expressway Project from City Centre to New Airport in Kandal
- 28 December 2020
OCIC Chairman Neak Oknha Pung Kheav Se has revealed details of the expressway linking Phnom Penh city centre to the new Phnom Penh international airport in Kandal province. Neak Oknha Pung Kheav Se said in an exclusive interview with Construction & Property Magazine on 19 December that the expressway will be built as a flyover with a total length of 21 kilometres, divided into two phases. ...
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CVEA: Real Estate Transactions in 2020 dropped by 15%, Price Remains Robust
- 26 December 2020
Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has said that overall real estate transactions in 2020 decreased by 15% - 20%, yet the average sales price remains robust. He explained that the fall in the number of transactions was due to the COVID-19 pandemic, which reduced the amount of foreign investment in Cambodia's real estate sector. Meanwhile, the price, for...
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Bluebell signs MoU with Oxley to Manage the Peak Mall
- 25 December 2020
Leading Asian Omni brand operator Bluebell Trading Pte. Ltd has recently signed an MoU with Oxley Gem (Cambodia) Co., Ltd to manage the Peak shopping mall project, according to a press release from the company on 24 December. Ashley Micklewright, CEO of Bluebell Group said, “We are delighted to partner with Oxley-Worldbridge in Cambodia, and look forward to delivering one of Asia’s new destinat...
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New Battambang Solar Power Station Over 90% Complete Receives Additional US$45-million in Funding
- 24 December 2020
Chinese firm Risen Energy has injected an additional US$45-million funding into the new 73-megawatt Battambang power plant project, while the construction of the plant is over 90% complete. Risen Energy has received this additional funding in form of debt from DEG and ICCF (The Interact Climate Change Facility, the European Investment Bank, and eleven European Development Finance Institutions)....
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Two Private Firms Approved to Mine Over 20,000 hectares in Tbong Khmum and Ratanakkiri
- 24 December 2020
On 21 December, the Ministry of Mines and Energy issued licenses for two private firms to continue their mining activities on over 20,000 hectares in Tbong Khmum and Ratanakkiri provinces. The first company is Renaissance Minerals (Cambodia) Limited, who got permission to mine within the area of 107.1 square kilometres in Memot district of Tbong Khmum province. Meanwhile, approval was given ...
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PM Hun Sen to Inaugurate New MPWT Headquarters in January
- 24 December 2020
The new Ministry of Public Works and Transport (MPWT) building is scheduled to be officially inaugurated on 22 January 2021 under the presidency of Prime Minister Samdech Hun Sen, according to MPWT Minister HE Sun Chanthol. The minister revealed the details about inauguration during a video-call weekly meeting on 23 December. "The objective of the relocation is to bring together all units un...
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S. Korea Mulls Transforming Former Pailin War Zone Into New Development Area
- 23 December 2020
The South Korean government through the Korea International Cooperation Agency (KOICA) is considering transforming a former war zone in Pailin province into a new development area, according to the Pailin Provincial Administration. In a meeting with the Pailin officials on the morning of 23 December, KOICA representative Ro Hun Chun said that the project is still at the feasibility study stage....
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New Siem Reap International Airport 35% Complete, On Schedule
- 23 December 2020
As of 23 December, construction of the new Siem Reap Angkor International Airport (AIAI) is 35% complete and expected to finish in March 2023 as scheduled. According to the site inspection by State Secretariat of Civil Aviation (SSCA) HE Mao Havannall on 23 December, construction on the airport is proceeding smoothly despite the pandemic. During the inspection, Angkor International Airport I...
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Plan floated for Island Mosaic in Penang, Malaysia
- 23 December 2020
A team of Danish and Malaysian architects and engineers has won a competition to design a masterplan for a 1,800-hectare artificial island development on Penang in the Malaccan strait in Malaysia. The BiodiverCity project will feature villages for 16,000 residents along 25km of waterfront, 4.6km of public beaches and 240ha of parks. Homes will be built from low-carbon materials and energy wi...
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Another housing project to rise along 60-meter road South of Phnom Penh
- 22 December 2020
A new housing project—THE RESIDENCE—will be officially launched on December 23, marking another step forward in transforming Southern Phnom Penh to become a new residential and commercial hub. Spreading on over 88,000 square meters of land, THE RESIDENCE project consists of 574 houses with four types. This project is located in potential location along the 60-metre road and also surrounded b...
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