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ខ្មែរ Projects Development
OCIC Begins Construction of Modern International Convention Centre
- 1 April 2019
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...
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Cambodia Requests Korea to Build Another Bridge in Phnom Penh
- 1 April 2019
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...
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Japan to Fund Housing Loans in Myanmar
- 30 March 2019
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...
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Land Investment Alert in Cambodia
- 29 March 2019
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 ...
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Construction Sector Grows 23% Annually
- 29 March 2019
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...
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Government Terminates Royal Group’s National Railway Contract
- 29 March 2019
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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Government Establishes Two Working Groups for Construction and Real Estate
- 28 March 2019
Credit to acechamp.com The government has set up two working groups from the public and private sectors to find solutions for construction and real estate problems that might hinder businesses in these sectors. According to the two decisions dated on 25 March 2019 recently obtained by Construction & Property Magazine, the government has appointed two construction and real estate working ...
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Japan Provides Us$30 Million Grant for Construction of Water Treatment Plant
- 28 March 2019
The Japanese government has agreed to provide a US$30 million grant to the Ministry of Industry and Handicraft to strengthen the capacity of the clean water supply system in Kampong Thom province, according to a press release from 27 March 2019. On 26 March 2019, H.E Cham Prasidh, Senior Minister and Minister of the Ministry of Industry and Handicraft, and Mr Arakawa Noriyuki, Director of Kubot...
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Cambodia-Japan Friendship Bridge to Chroy Chongvar to Open on 3 April
- 27 March 2019
Photo by Facebook Page Ministry of Public Works and Transport After two years of renovation, the Cambodia-Japan Friendship Bridge in Chroy Changva is set to open in April, according to the Ministry of Public Works and Transport (MPWT). Aimed at reducing traffic congestion around the Chroy Changva area where traffic can often be very heavy during the upcoming Khmer New Year, the opening cerem...
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Vietnam to Approve National High Speed Rail Link
- 27 March 2019
Sample photo by NWC Vietnam Consulting railway Final plans for a US$56bn high-speed rail link between Hanoi and Ho Chi Minh are expected to be approved by the Vietnamese National Assembly in 2019. The 1,137km-long high-speed link would reduce travel time between the two cities from 30 hours to five and a half. The project was rejected by the National Assembly in 2010, on the basis that US...
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