Projects Development
Cambodia economy gets boosted with US$2.7 billion airport investment
Along with steady economic growth, Cambodia needs billions of dollars in investment to improve its aviation sector to help facilitate trade as well as accommodate the 15 million air passengers expected to enter the country by 2030. While improving the aviation sector is part of the government’s plan to push the country to become an […]
Read More
Cambodia, Laos to sign 2,400 MW power deal
Cambodia and Laos are to sign a power deal allowing Cambodia to import 2,400 MW from Laos, with the Council of Ministers scheduled to discuss the details of the deal on 11 September. The deal is scheduled to be signed next week during the official visit of Lao Prime Minister Thongloun Sisolith to Cambodia. Victor […]
Read More
Thai company wins 60 MW solar investment bid
Thailand-based developer and operator of renewable power Prime Road Alternative has won the public bidding on a 60-MW solar project located in Kampong Chhnang province, and will generate the lowest tariff in the Southeast Asia region. The public bidding on the project was started in February this year after a feasibility study conducted by an […]
Read More
New 4-star hotel opens in Kampong Thom province
Kampong Thom Royal Hotel & Restaurant officially opened its doors on 09 September in the heart of Kampong Thom province, adding another 87 rooms to support the tourism sector in the province. Located in Stung Sen city, Kampong Thom Royal was built with US$5 million from Cambodian investors and comprises 87 guest rooms as well […]
Read More
Walking Street along the riverfront set to open for vendors
The Walking Street project running from the Cambodia Post Office to the Royal Palace will allow vendors to sell all kinds of products to attract national and international tourists, said Phnom Penh Municipality. Met Meas Pheakdey, spokesman for Phnom Penh Municipality, told Construction & Property Magazine on 07 September that the project will be open […]
Read More
Government boosting establishment of more SEZs along border areas
The Council for the Development of Cambodia (CDC) is studying and seeking greater understanding on investment and trade to compile a mechanism to boost the establishment of more special economic zones (SEZ) along border areas, while drafts of a new law on investment and a new law on special economic zones has been completed. CDC […]
Read More
City Hall holds meeting on ‘Walking Street’ project
Phnom Penh Municipality organised a meeting on 05 September to discuss the implementation of the ‘Walking Street’ project. The meeting was chaired by Phnom Penh Municipal Governor H.E Khuong Sreng with other relevant authorities participated as well. The project will expand pedestrian paths along the riverside starting from the Cambodia Post Office to the Royal […]
Read More
US$207 million planned for Cambodia ‘Livable Cities’ project
The Cambodian government and the Asian Development Bank (ADB) will invest more than US$200 million in a ‘Livable Cities’ project across four provinces. Using a loan from ADB and budget from the government, the US$207 million ‘Livable Cities’ project will cover four provinces including Kampot, according to a Facebook post by the Kampot Administration on […]
Read More
Chinese investors asked to invest in affordable housing project
Phnom Penh Municipality has asked a group of Chinese investors to invest in the real estate sector, building affordable housing for sales to civil servants and people who have low incomes. In a meeting on Tuesday 03 September, H.E Khuong Sreng, governor of Phnom Penh Municipality told the China-based World Hakka Business Association led by […]
Read More
Phnom Penh AGT project layout yet to be finalised
The construction project of the automated guideway transit (AGT) in Phnom Penh studied by the Japan International Cooperation Agency (JICA) is yet be finalised although the study has been completed. AGT is a transportation project design to overcome traffic congestion as well as being a landmark project for the upcoming SEA Games in 2023. (Read […]
Read More