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ខ្មែរ Projects Development
Construction Deal for National Road No.5 Signed
- 29 January 2019
The Ministry of Public Works and Transport (MPWT) has signed a construction deal with three Japanese firm as part of the US$500 million loan project funded by the government of Japan. The deal between the MPWT and Ilsung-Cienco I Joint Venture, Obayashi Corporation, and Tekken-Ikee Joint Venture, is for the work on the rehabilitation of NR5, for which each firm is to have different package all ...
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Feasibility Study Underway for Phnom Penh-siem Reap Expressway
- 29 January 2019
Two companies are conducting feasibility studies for a Phnom Penh-Siem Reap Expressway, according to the Minister of Public Works and Transport (MPWT) on 28 January 2019. Speaking to reporters after signing a road construction agreement with Japanese firms, H.E Sun Chanthol, Senior Minister and Minister of MPWT, said that two companies are now studying the feasibility of building the expressway...
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Gdt to Build Us$60 Million Office in OCIC Development Zone
- 28 January 2019
The General Department of Taxation (GDT) has chosen the development zone of the Overseas Cambodian Investment Corporation (OCIC) as the location for the construction of its new office building. The announcement was made by OCIC Chaiman Neak Oknha Pung Kheav Se on 26 January 2019 as reported by local media FRESH NEWS. The new building will have a total height of 36 floors and will be built in...
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Topping Out of Gold Tower 42 to Boost Property Sector
- 28 January 2019
The property sector in Cambodia is to see a boost as a result of the topping out of the Gold Tower 42 project in the heart of Phnom Penh on 28 January 2019. The news of the structural completion of the Gold Tower 42 structure has been welcomed by real estate experts in Cambodia, and founder of Key Real Estate Mr Sorn Seap expressed his great pleasure. “The moment I heard about the structural...
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US$2 Billion Phnom Penh-sihanouk Expressway Nearing Construction
- 26 January 2019
Photo by ឯកឧត្ដមបណ្ឌិត ម៉ុង ឫទ្ធី H.E Oknha Mong Reththy Ground is soon to be broken on the US$2 billion Phnom Penh-Sihanoukville expressway. Work will begin soon after the installation of the concrete mix factory, and construction materials and machineries have been imported. Work on this first expressway in Cambodia has been planned for more than a year and is now looking to begin soon, ac...
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Cambodian and Chinese Investors Team Up for Large Commercial City Project in Sihanoukville
- 25 January 2019
Sihanoukville is preparing to welcome construction on a large commercial city, a joint venture between local developers and Chinese investors. The K99 Group recently broke ground on the 'Are de Triomphe' commercial project, with a capital investment of about US$70 million, jointly owned by the company and Chinese investors. The 'Are de Triomphe' development includes construction of 36 buildi...
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Chip Mong Aiming to Gain Retail and Shopping Mall Market Share
- 23 January 2019
One of Cambodia’s leading conglomerates Chip Mong Group has announced their intention to capture retail and shopping mall market share with attractive business strategies during a 23 January press conference. As the retail sector in the Kingdom grows, along with stronger competition in the market, Chip Mong Retail (CMR) and Chip Mong Land (CML), subsidiaries of Chip Mong Group, have teamed up t...
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Cambodia to See Massive Infrastructure Investment From Chinese Firms
- 22 January 2019
Chinese companies are to invest heavily in Cambodia infrastructure as a result of the recent meeting between Prime Minister Samdech Techo Hun Sen and Chinese investors in China. On 21 January, 2019, Samdech Techo Hun Sen's official Facebook page posted a five-minute video about the outcome of the meeting which saw three infrastructure firms express their interest in building massive infrastruct...
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Foundations Laid on Us$56 Million Mekong Bridge Crossing
- 22 January 2019
Foundations have been laid on the US$56 million spanning the Mekong between Kampong Cham and TbongKhmum provinces, according to the Ministry of Public Works and Transport (MPWT). Work on the Cambodia-China Friendship Bridge of Stung Trang-KrouchChhmar, began in early February 2018, and the bridge foundations are now laid according to images posted by MPWT. Funded by a loan from the Chinese g...
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‘Amory 7makara’ Development Plots Officially Open for Sale
- 21 January 2019
One of Cambodia largest property firms has officially announced the launch of sales for the ‘Amory 7Makara’ development project, according to their press release. Over the weekend, real estate firm Amory announced the opening of the sale of ‘Amory 7Makara’ located along 7 Makara Street, which connects National Highway No 6 to Oknha Ly Yong Phat and links to National Road 5. The ‘Amory 7Makar...
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