Projects Development
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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Raffles Hotels in Cambodia to Be Renovated
The two luxury Raffles Hotel in Cambodia will soon be renovated, according to TTR Weekly. According to the same source, the Raffles Grand Hotel d'Angkor in Siem Reap and Raffles Hotel Le Royal in Phnom Penh will be renovated in early 2019.
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First Luxury Hotel From Japan Opens in the Kingdom
A Japanese firm has recently opened its first luxury hotel in Cambodia. In the first week of November, Starts Corporation (Starts Corporation), a subsidiary of Starts Corporation Inc. (Japan) opened it’s first-ever hotel project.
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Korea Agrees to Provide Additional Loans for the Construction of National Road No.2
The Korean government has agreed to provide additional loans for the construction and rehabilitation of National Road No. 2, according to reports by local media. On 08 November, 2018, H.E Sun Chanthol, Senior Minister, Minister of the Ministry of Public Works and Transport told FRESH NEWS that Korea has decided to provide additional loans to the US$13 million loan that was provided by Korea four years ago for the National Road No. 2 project.
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Sihanoukville Seeing an Influx of Five-star Hotel Investment
While Sihanoukville is experiencing room shortages, investment in five-star hotel projects is rapidly rising, bringing thousands of rooms for this tourism city.
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France Agrees to Help Cambodia Turn Phnom Penh Into a Modern City
The French Republic has agreed to help Cambodia to develop Phnom Penh into a modern city, according to a Facebook post on the Phnom Penh City Hall’s account. According to Phnom Penh City Hall, on 05 November,2018, top officials from Paris agreed to assist Cambodia on various development projects in Phnom Penh, as requested by Cambodia.
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Multi-million Community Mall to Showcase in Boeung Keng Kang Area
New community mall worth nearly US$10 million to showcase in Boeung Keng Kang area very soon called Noro Mall.
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Mega Wedding Reception Hall Officially Opened
Buildings of the mega wedding reception hall as well as exhibitions have officially inaugurated. On 01 November, 2018, the building called “The Premier Centre Sen Sok” was officially opened while numbers hall reservation for wedding ceremony is high.
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China’s High-speed Train Takes Bentley 2018 ‘special Recognition Awards’
China’s ‘Beijing-Zhangjiakou High-speed Railway’ has been announced as winners of the ‘Year in Infrastructure 2018 Awards’ for its outstanding project design. Designed and constructed by China Railway Engineering Consulting Group Co., Ltd, the project was presented the award for the ‘Advancing Collaborative Digital Workflows in Rail and Transit’ project which has been integrated with products by Bentley Systems, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure.
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