Projects Development
Tycoon Ly Yong Phat Teams Up With Thai Firm to Build Huge Construction Material Market
Photo by Global House Cambodia Renowned Cambodian investor Neak Okhna Ly Yong Phat has partnered with a Thai firm to build a huge market selling construction material and decorative products, according to local media Cambonomist. One of the Cambodia businesses owned by Neak Okhna Ly Yong Phat’s LYP Group has entered into a join investment with Thai-based construction materials and decorative...
Read MoreMace Wins Vietnam Resort Project
UK company Mace has been appointed to oversee design, project and construction on a stunning new resort in Hoi An, Vietnam. Mai House Hospitality Group and Mace will develop the beachfront property into a five star mixed-use luxury resort featuring a hotel, villas, apartments, a golf course and shopping amenities. Designed to celebrate the shape of a Vietnamese lantern and modelled on the Bu...
Read MoreJapanese Firms Investing in Hotel Projects in Cambodia
Sample photo by Robert Kleiner Photography Since Cambodia is in need for more hotel rooms to accommodate the millions of visitors expected to visit the country, Japanese firm have been focusing on hotel development in the Kingdom. The Ministry of Tourism recently announced on its Facebook page that Japanese companies are starting to invest in luxury hotel projects in Cambodia. According t...
Read MoreMega Project Along Tonle Sap River Nearing Construction
On 17 November, 2018, Ms Mey, part of the sales team of Yuetai Group, which now owns the Phnom Penh Harbour site, said the company will begin construction in 2019, following its success in selling out its shop house and condominium projects. According to Ms Mey, the company has made a lot of sales for its first building. Of the 230 stores sold, only two stores remain while most buyers are Cambo...
Read MoreStylish Entertainment Centre ‘The Heritage Walk’ Inaugurated
A Stunning entertainment centre in Siem Reap has officially opened. On 16 November, 2018, ‘The Heritage Walk in Siem Reap was officially inaugurated. Located in the heart of Siem Reap, The Heritage Walk is designed in a Khmer architectural style, with the attractive design of the building reflecting Khmer identity. The entertainment centre was developed by Metro Lifestyle Development and is ...
Read MoreThai 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....
Read MoreUs$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. According to the company, the renovation project of the 3000-metre long runway cost abo...
Read MoreRaffles 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. The hotels, which recently have been sold to a Singaporean firm, will be renovated in stages. For Raffles Hotel Le Royal in Phnom Penh, the company wil...
Read MoreFirst 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 its first-ever hotel project. Called Hotel Emion Phnom Penh, this new luxury project is located in Preah Sisowath Quay, Phnom Penh (in front of the Hotel Cambodiana) allowing visitors to see the bea...
Read MoreKorea 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 fou...
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