Projects Development
New 106-storey Commercial Building to Be Malaysia’s Tallest
Malaysia soon will see its tallest iconic new building, The Exchange 106, steals the title from the country's current signature building, the Petronas Twin Towers. The new building is a luxury commercial building stretching up in the heart of Malaysia's international finance and business of TunRazakExchange (TRX). The building, an investment by Mulia Property Development, will become the tallest building in South East Asia and among the top 15 tallest buildings in the world.
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Cambodia to Seek Loan From China for Electrical Grid
In order to expand the supply of electricity to all provinces across the country, the government plans to seek an additional loan from the Chinese government for the construction of a national electrical grid, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. The statement was made during the grand opening ceremony of the Hydro Power Lower Sesan II on 17 December, 2018.
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Hydro Power Lower Sesan II Dam Inaugurated
On 17 December, 2018, the Hydro Power Lower Sesan II dam was inaugurated,presided over by SamdechTecho Hun Sen, Prime Minister of Cambodia.
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Us$70 Million Adb Loan to Develop National Roads No. 1 and 6
The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from Neak Loeung to Bavet. For National Road No. 6, the project will start from kilometre 317 to kilometre 367 from Siem Reap city to Kralanh. These projects will cover a total road length of 145.58 kilometres.
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Eco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd
With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern urban environment.
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Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX).
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Us-based Firm Submits Proposal for Affordable Housing Project in Cambodia
Affordable housing has become one of Cambodia's most important issues in addressing housing shortages, and the United Nations Development Programme (UNDP) recently laid out a design competition for a 3,000 unit affordable housing project for low-income factory workers. US-based architectural firm qastic lab has participated in the competition with a design concept that is suitable for the construction climate in Cambodia.
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Sewage System Project Supported by World Bank Loan Underway
Construction on a sewerage system project supported by a World Bank loan is in progress, according to the Ministry of Public Works and Transport (MPWT)'s Facebook page.
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New Chip Mong Factories to Boost Cambodia’s Industrial Sector
One of Cambodia largest conglomerates, the Chip Mong Group, has showcased its ambition to lift Cambodia’s industrial sector through the establishment of two new factories. On 7 December, 2018, Chip Mong Industries, a subsidiary of Chip Mong Group officially opened two new factories producing roof tiles and PVC pipes located in Dangkor District, Phnom Penh.
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Deal Signed for Cambodia-singapore Mixed-use Development Project
A joint venture development project in Toul Kork District between Neak Oknha Kith Meng’s company and a Singaporean firm has been officially signed.
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