Projects Development
Government Plans New Road Connecting Kampot to National Road No.4
The government is planning to build a new road connecting Kampot to National Road 4, said Prime Minister Samdech Techo Hun Sen. Speaking about the potential and progress of Kampot province at the inauguration ceremony of Kampot's new water supply system on 2 April 2019 Samdech Techo Hun Sen said “besides National Road No.3, we have National Road No. 41 connected into [Kampot], and we are prepar...
Read MoreNewly Inaugurated Water Supply System Uses New Construction Technology From Japan
Photo by Facebook Page Samdach Hun Sen The new high-tech water supply system built by Japan in Kampot province has been officially opened. The new facility was officially opened and presided over by Prime Minister Samdech Techo Hun Sen on 2 April 2019 following two years of construction that began in July 2016. Speaking at the inauguration, Japanese Ambassador to Cambodia H.E Hidehisa Hor...
Read MoreAmber Kampot Resort to Capitalise on Luxury Accommodation and Western Guests
International hospitality development firm Amber International Holdings has recently launched a high-end resort in Kampot aiming to capitalise on luxury accommodation and Western guests. With an investment capital of around US$10 million, the ‘Amber Kampot Boutique Luxury Resort’ will stretch over a 1.7-hectare site overlooking the Kampot River and will comprise of a range of 35 units each with...
Read MoreGovernment Permits Royal Group to Operate Southern Rail Line
The government, through the Ministry of Public Works and Transport (MPWT) has permitted Royal Railway to continue operating the country’s southern rail line, according to a ministry announcement on 31 March 2019. According to the announcement, the decision to allow Royal Railway to continue operating the line from Phnom Penh to Sihanoukville is because “the Ministry needs enough time to careful...
Read MoreOCIC Begins Construction of Modern International Convention Centre
Cambodia’s leading developer, Overseas Cambodian Investment Corporation (OCIC), began construction of its ‘Chroy Changva International Convention Centre’ on 31 March 2019. According to the project report obtained by Construction & Property Magazine, the ‘Chroy Changva International Convention Centre’ will be constructed on a total land area of 26,774.38 square metres or equal to a total are...
Read MoreCambodia Requests Korea to Build Another Bridge in Phnom Penh
Sample photo by McElhanney The government has requested South Korea to help construct a new bridge in Phnom Penh, according to the transport minister. Speaking to reporters on 31 March 2019, H.E Sun Chanthol, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT) said that “he [Prime Minister] has also requested Korea to help construct a bridge in Phnom Penh becaus...
Read MoreJapan to Fund Housing Loans in Myanmar
Credit to shutterstock.com The Japanese government has been in talks with the government of Myanmar to provide to housing loans at a low rate of interest to allow property to be purchased by low-income buyers, according to Eleven Myanmar. “Although the government already sold the apartments to people who made full payment at the time of purchase, it is under negotiation with the Japanese gov...
Read MoreLand Investment Alert in Cambodia
Since Cambodia has enjoyed stability, the country has gained a large volume of foreign direct investments, one area of which is land investment. Recently, the numbers of condominium buildings are increasing in the cities of Phnom Penh, Sihanoukville, Siem Reap etc. The most predominant location is in the capital city Phnom Penh where the majority of businesses and head offices are located. Our ...
Read MoreConstruction Sector Grows 23% Annually
Photo by Facebook Page Ministry of Economy and Finance The construction sector has grown at rate of 23% each year, according to H.E. Aun Porn Moniroth, Deputy Prime Minister and Minister of Ministry of Economy and Finance (MEF). Speaking at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019, H.E. Aun Porn Moniroth reported on the progress of the Cambodian ec...
Read MoreGovernment Terminates Royal Group’s National Railway Contract
Sample photo by Kidskunst.info The Royal Government of Cambodia has decided to end the contract of Cambodia Royal Railway for the operation of Cambodia’s railway, according to an announcement by Samdech Techo Hun Sen, Prime Minister at the 18th ‘Government-Private Sector Forum’ held at the Peace Palace on 29 March 2019. “The Royal Government has decided to terminate the business of Royal Rai...
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