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ខ្មែរ Projects Development
Naga Secures Former White Building Land for Its New Us$4 Billion Project
- 5 April 2019
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019. According to the 29-page report, NagaCorp Ltd said that “the Group would expect to incur approximately US$3.8 billion to US$4.0 billion in capital expendi...
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ZHENG HENG (Cambodia) Co., Ltd and Cushman & Wakefield Sign Strategic Cooperation
- 5 April 2019
As a leader in the Sino-Cambodia Road Model for Economic Cooperation and with its key Dara Sakor Tourism "Belt and Road" resort project in Cambodia, ZHENG HENG (Cambodia) Co., Ltd held a signing ceremony for cooperation on project market research and land valuation with Cushman & Wakefield, one of the four leading global real estate consultants. The ceremony took place at the ZHENG HENG office...
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Cambodia Requests Australia to Provide More Funds for Electricity and Water Supply
- 4 April 2019
Photo by Facebook Hor Channarith The Cambodian government has asked the Australian government to provide more funds for electricity and water supply projects in Cambodia, according to the results of a meeting between the two sides on 03 April 2019. According to the Council for the Development of Cambodia (CDC), the meeting between H.E Chhieng Yanara, Minister Attached to the Prime Minister a...
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Cambodian and French Firms Team Up for Home Furniture Market
- 4 April 2019
Photo by Facebook Page Men Sam An Cambodia Deputy Prime Minister Cambodian jewellery supplier Linda Gold Crucible has partnered with French home furniture supplier Conforama to bring their furniture to the Cambodian market, according to a press release. On 03 April 2019, both companies signed a memorandum of understanding as a trading partner at Raffles Hotel Le Royal Phnom Penh. Speaking...
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Chroy Changva Bridge Reopens After $33m of Japanese-funded Renovations
- 3 April 2019
Photo by Facebook Page Samdech Hun Sen After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva has been officially opened by Prime Minister Samdech Hun Sen and Japanese Ambassador to Cambodia H.E Hidehisa Horinouchi who jointly presided over the ribbon-cutting ceremony. The Cambodia-Japan Friendship Bridge has been renovated using around US$33 million in funds fr...
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Investment in Resort Properties in Sihanoukville
- 3 April 2019
In today’s condominium market, buyer focus on location, price and product quality. The ongoing growth of tourism to Sihanoukville has driven a demand for changes in the condominium market, from holiday homes to income-producing properties over a period of time. Until now, the majority of buyers for most developments including villas and condominiums were foreigners, particular mainland Chinese,...
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Government Plans New Road Connecting Kampot to National Road No.4
- 2 April 2019
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...
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Newly Inaugurated Water Supply System Uses New Construction Technology From Japan
- 2 April 2019
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...
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Amber Kampot Resort to Capitalise on Luxury Accommodation and Western Guests
- 2 April 2019
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...
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Government Permits Royal Group to Operate Southern Rail Line
- 1 April 2019
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...
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