Projects Development
Three International Firms Plan US$500 Million International Theme Park in Kampong Speu Province
Photo by brennenhuller.com Three international companies plan to invest US$500 million to develop the Boeung Voa Preng site in Kampong Speu province to become a world-class theme park, according to the provincial governor on 10 May 2019. Speaking with Construction & Property Magazine through telegram on 10 May 2019, Kampong Speu provincial governor H.E Vei Samnang said that three compani...
Read MoreWorld Bank: China Slowdown, Cambodia Construction and Real Estate Prone to Risk
Photo by General Department of Taxation As Cambodia’s main source of investment inflow comes from China, a slowdown in its economy will likely to see Cambodia’s construction and real estate sectors prone to risk, according to a World Bank Economic Update Report released last week. While projecting that Cambodia’s economy would grow at around 7% in 2019, the World Bank cautioned against Cambo...
Read MoreStudy on Improving Railway Network Starts
Photo by Ministry of Public Works and Transport China Railway Construction Corporation (CRCC) Limited starts its mission in conducting study on improving the railway network in Cambodia and the transportation infrastructure in Phnom Penh City to ease traffic congestion. In a meeting with H.E Sun Chanthol, Minister of Public Works and Transports on 9 May in Phnom Penh, CRCC’s vice chairman Wa...
Read MoreFrance Provides Us$30 Million for Developing Cambodia’s Power Transmission Network
France Development Agency (AFD) and the European Union have decided to provide of €$29.1 million in cooperation financing, approximately US$30 million for implementing on modernizing the power transmission system in Cambodia. The agreement of the cooperation financing was signed on May 6 by H.E. Aun Pornmoniroth, Minister of Economy and Finance and Remi Riou, general manager of the French Devel...
Read MoreHoa Phat Group Exports More Than 45 Thousand Tons of Steel to Cambodia
Vietnam-based steel manufacturer Hoa Phat Group reported an increase of more than 28% in sales of construction steel in the first three months of 2019 with Cambodia purchasing around 45,000 tons of the total sales, according to a press release by the company. By the end of April, Hoa Phat reported that it had sold around 700,000 tons of construction steel in the first three months of 2019, an i...
Read MoreRoyal Group, Singapore Developer Building Luxury Condo in Toul Kork
Photo by Hong Lai Huat Group Limited The Royal Group and Singapore-based real estate developer Hong Lai Huat Group Limited have partnered to jointly develop a 28-floor condominium in Toul Kork district. The project, named Royal Platinum Condominium, broke ground in a ceremony on Tuesday and construction is expected to be completed in 2021. The condominium will provide 851 residential unit...
Read MoreUs$200 Million ‘one Central Tower’ Project Ground Breaks in Boeung Snor
Global investment firm B.I.C Group broke ground on its first real estate project ‘One Central Tower’ located in the east of Phnom Penh on 06 May 2019 with the aim to transform the area into a world-class urban destination, according to their press release. Situated in the heart of the Boeung Snor area, the ‘One Central Tower’ is a US$200 million multi-phase development project featuring commerc...
Read MoreConstruction of Japan-funded Teacher Education College (TEC) Begins
Photo by JICA Cambodia Office The Cambodian Minister of Education, Youth and Sport and the Japan Ambassador to Cambodia witnessed the ground-breaking ceremony of Teacher Education College (TEC) located in Phnom Penh on 07 May. Funded by the government of Japan, the TEC will see construction of an academic block, administration block, science and art lab, library, assembly hall, and provision...
Read MoreKampot International Tourism Seaport Construction Completed by End of 2019
Construction on the Kampot International Tourism Seaport is now about 25% complete with work on the facility expected to finish before end of 2019. The plan is for the seaport to be complete in time for the 8th Sea Festival, the annual tourism event scheduled to be held in Kampot province in December this year. Soy Sinol, director of the Kampot Provincial Tourism Department, said the seaport...
Read MoreWinners Announced for PropertyGuru Cambodia Property Awards 2019
The winners for the finest real estate projects in Cambodia were announced at the Gala Dinner of the ‘4th Annual PropertyGuru Cambodia Property Awards’ held at Sofitel Phnom Penh Phokeethra on 03 May 2019. With more than 370 guests joining the award ceremony presented by American manufacturer Kohler, the night was full of excitement with close to 40 awards going out over different entries with ...
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