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ខ្មែរ Projects Development
Hyatt Regency hotel Phnom Penh 90 percent complete, expected to open by this year
- 29 January 2020
Construction of Cambodia’s first Hyatt Regency Hotel in downtown Phnom Penh is currently 90 percent completed and is on schedule to open by the year 2020. An executive staff responsible for this project told Construction & Property Magazine that the project is going well following the schedule. After completing the building structure in April last year, the construction team is currently...
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Cambodia’s first oil production expected in mid-2020
- 28 January 2020
The first drop of oil to be extracted from Cambodia’s offshore oil field territory is closer to reality as the responsible firm KrisEnergy recently cut the first steel for the Apsara oil platform. According to a press release from KrisEnergy Ltd, the first steel cutting ceremony was held to mark the significant completion progress of the Mini Phase 1A wellhead platform for the Apsara oil field ...
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Ground broken on new MLMUPC building in Sen Sok
- 28 January 2020
The ground was broken on the new Ministry of Land Management, Urban Planning, and Construction (MLMUPC) headquarters in Sen Sok district on the morning of 28 January, which will replace the current building on Monivong Boulevard. Located in Khmuonh commune, Sen Sok district, in the northern area of Phnom Penh, the new five-storey building will be designed in Khmer style architecture. The new HQ...
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Industry Ministry urges Japanese to invest in clean water supplies
- 22 January 2020
The Ministry of Industry and Handicrafts has encouraged Japanese investors to invest in the clean water sector in Cambodia to increase access to sustainable clean water services for all citizens as soon as possible. Investment in the clean water sector will partly contribute to the government’s policy to connect 100% of urban and rural areas with clean water by 2025. Speaking at the Cambodia...
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Malaysian firm to invest US$20million in Bavet solar power plant
- 21 January 2020
Astoria Solar Farm Sdn Bhd (ASF), a subsidiary of leading Malaysian integrated electrical power technology company Pestech, has recently announced its plan to invest US$20 million in a solar farm project in Bavet city, Svay Rieng province, after acquiring a stake from a local Cambodian company. According to a press release from the firm, ASF has acquired a 94% stake in Green Sustainable Venture...
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Phnom Penh to have priority bus lane by October
- 20 January 2020
Phnom Penh Municipality has recently announced its plan to launch a priority public bus lane on Monivong Boulevard in October, with the aim of reducing traffic congestion as well as to improve the city’s infrastructure system. The announcement was made on 17 January during a meeting between Phnom Penh Governor H.E Khoung Sreng, together with representatives of the Japan International Cooperatio...
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Constructions along Mekong riverbank at risk of collapsing due to excessive sand mining
- 20 January 2020
Geo-environmental researchers have recently revealed that Mekong riverbanks, especially in Cambodia, are prone to collapsing due to the excessive sand mining driven by the high demand for sand in the construction sector. According to the report by The Science Times, the research team from the University of Southampton discovered that sand mining is the leading cause of the Mekong riverbanks ins...
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Phnom Penh goes green: More than 400 green projects logged in Q4 2019
- 17 January 2020
With the ultimate goal of building a more sustainable city, a number of real-estate developers have been moving toward greener projects, with 405 net green projects recorded in Phnom Penh in Q4 of 2019, according to CBRE Cambodia. According to a report released by CBRE on 16 January, those green projects include hotels, retails, offices, apartments, condominiums, and others. Condominiums stand ...
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Condo supplies projected to grow at 55% in 2020: CBRE
- 17 January 2020
CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated that the affordable condo projects are expected to...
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Government accelerates study on National Road 10 construction
- 16 January 2020
National Road Number 10 linking Samlot in Battambang province, Veal Veng in Pursat province and Koh Kong province is scheduled for construction in 2020, as the inter-ministerial working group has accelerated the planning study. According to a report from the Ministry of Public Works and Transport, National Road Number 10 is part of the infrastructure construction plan for 2020. The inter-min...
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