Projects Development
Thailand to Double Greater Bangkok Airport Capacity
Thailand has announced plans to more than double the passenger capacity of airports in the greater Bangkok area in an effort to compete with Singapore as the regional aviation hub. The government’s ambitious plan includes utilising tiny U-Tapao airport, a former military air base 100km southeast of Bangkok. Currently handling 300,000 passengers a year, mostly to Pattaya, the Thai administration intends to transform U-Tapao into a major hub managing 60 million people a year.
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Century 21 Sign Mou to Promote Morgan Tower Unit Sales
Centuy21 Cambodia and Centuy21 China have signed a memorandum of understanding (MoU) with investment firm Morgan Ford Investment to promote unit sales of Morgan Tower,
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Prince Real Estate Headquarters Building Structure Completed
Chinese real estate firm Prince Real Estate (Cambodia) Group has completed construction of its headquarters, according to the company. The company's Facebook page announced the completion of the building structure of its headquarters in mid-November,while construction is set to be completely finished by April 2019.
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Tycoon Ly Yong Phat Teams Up With Thai Firm to Build Huge Construction Material Market
Renowned Cambodian investor Neak Okhna Ly Yong Phat has partnered with a Thai firm to build a huge market selling construction material and decorative products, according to local media Cambonomist. One of the Cambodia businesses owned by Neak Okhna Ly Yong Phat’s LYP Group has entered into a join investment with Thai-based construction materials and decorative products distributor Siam Global House to build a huge market in Sen Sok District called 'Global House' stretching over 10 hectares of land.
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Mace Wins Vietnam Resort Project
UK company Mace has been appointed to oversee design, project and construction on a stunning new resort in Hoi An, Vietnam.
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Japanese Firms Investing in Hotel Projects in Cambodia
Since Cambodia is in need for more hotel rooms to accommodate the millions of visitors expected to visit the country, Japanese firm have been focusing on hotel development in the Kingdom.
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Mega Project Along Tonle Sap River Nearing Construction
On 17 November, 2018, Ms Mey, part of the sales team of Yuetai Group, which now owns the Phnom Penh Harbour site, said the company will begin construction in 2019, following its success in selling out its shop house and condominium projects. According to Ms Mey, the company has made a lot of sales for its first building. Of the 230 stores sold, only two stores remain while most buyers are Cambodian. The company is now putting its condominium project on sale.
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Stylish Entertainment Centre ‘The Heritage Walk’ Inaugurated
A Stunning entertainment centre in Siem Reap has officially opened. On 16 November, 2018, ‘The Heritage Walk in Siem Reap was officially inaugurated.
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Thai Brands Expanding Retail Presence in Cambodia
Rapid economic growth in Cambodia provides opportunity for people to be able purchase goods as well as and experience new services available in the market. With this market opportunity, foreign investors are increasingly supplying goods and services through the establishment of new retail markets across Cambodia. As a result, Thai-based retail brands are expanding their presence in the Kingdom. A number of big Thai companies have recently entered the Cambodian market to take advantage of the 16 million consumers.
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Us$12 Million Runway Renovation Project Completed
The renovation of the multi-million dollar airport runway project is completed, according to the official press release. On 15 November, 2018, the developer and operator of Cambodia’s three airports, Cambodia Airports, announced the completion of the renovation project at Phnom Penh International Airport.
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