Projects Development
Three Chinese Firm Team Up to Establish Online Commercial Center at Bavet City
Three Chinese companies have signed a collaboration agreement on the establishment of an online commercial centre in Bavet, according to a report by FRESH NEWS on 30 September, 2018. According to the same source, the developer of the Svay Rieng border town project, Empire World Group, signed the agreement with Bauing Group and CFMA (City Facility Management) to create the OBC centre on 27 September, 2018.
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Chinese Firm Announces Construction Plan for High-end Residential Building
A Chinese real estate firm has announced their development plan for a high-end residential building called the R & F Glory, according to a post on the Ministry of Information’s (MoI )facebook post on 28 September, 2018. R & F Properties has announced a US$700 million investment for a 174-metre high, 57-storey building on 8 hectares of land in the south of Phnom Penh.
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China Keen to Build Roads Throughout Sihanoukville Province
Chinese companies are interested in building roads throughout Sihanoukville Province, according to Sihanoukville provincial governor H.E Yun Min. In a phone interview with Construction&Property Magazine on 27 September, 2018, H.E Yun Min said that Chinese companies are interested in constructing and restoring roads throughout Sihanoukville and there were already six companies proposing to conduct feasibility studies.
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Japan Funds Us$1 Million for Bayon Temple Restoration Project
On 25 September, 2018, Japan funded US$1 million through UNESCO to Cambodia for a restoration project of Bayon Temple inSiem Reap Province. According to a UNESCO Facebook post, the Royal Government of Cambodia, through the Ministry of Culture and Fine Arts signed a Memorandum of Understanding (MoU) with UNESCO on the restoration project of Bayon Temple under the support from Japanese Funds-in-Trust for the Preservation of the World Cultural Heritage.
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Sihanoukville to Welcome Its First Shopping Mall
Sihanoukville is to soon welcome its first shopping mall. On 21 August 2018, Ms Lim Sokha Davin, sales manager for Furi Real Estate told Construction &Property Magazine
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Giant Real Estate Firm to Develop Commercial Centre Around Kbal Thnal Flyover
Giant real estate firm Prince Real Estate (Cambodia) Group Co., Ltd has disclosed its plan to develop a commercial centre around the Kbal Thnal flyover area in the near future.
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Korea to Establish Institute of Construction Technology in Cambodia
In order to help improve the standard of road construction in Cambodia, Korea is planning to build an Institute of Construction Technology for Cambodia, according to the outcome from a fact finding visit to Korea by Cambodian delegates on 18 September 2018. The Korean government, through its Korean Institute of Construction Technology (KICT) based in […]
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Singapore Real Estate Firm Eyes Cambodia’s Hotel Market
Ascott Limited, a Singapore-based serviced residence owner-operator, is keen to expand its business hotels into Southeast Asia with Cambodia being one of the company’s immediate targets, according to their press release.
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Prime Minister Samdech Techo Hun Sen Orders U-turn on Prek Treng Beach Development
H.E Chea Sophara, Deputy Prime Minister and Minister of Ministry of Land Management Urban Planning and Construction (MLMUPC), and his team inspected the coastal land at Prek Treng in Sihanoukville Province on 18 September and ordered a U-turn on the development of Prek Treng Beach as ordered by Prime Minister Samdech Techo Hun Sen, according […]
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South Korea Keen to Help Cambodia on Systematic Infrastructure Development
The Republic of Korea is keen to help Cambodia on Systematic Infrastructure Development, according to H.E Kim Hyun Mee, Minister of Land, Infrastructure, and Transport of the Republic of Korea. In a meeting with H.E. Sun Chanthol, Senior Minister and Minister of Public Works and Transport held on 17 September, H.E Kim Hyun Mee said […]
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