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ខ្មែរ Projects Development
Poipet Sees Green Light for Us$68 Million Investment Projects
- 13 August 2018
On 10 August, 2018, the Council for the Development of Cambodia (CDC) gave the green light to Boonma Heng Co., Ltd. to build a four-star hotel and a supermarket at a cost of US$68.29 million in Poipet City, Banteay Meanchey Province. According to CDC, the projects are located in Kbal Spean Village, Sangkat Poipet, Poipet City, Banteay Meanchey Province which will bring another 836 jobs to the p...
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Makro to Build Huge Commercial Centre in Siem Reap Province
- 11 August 2018
Makro in Phnom Penh On August 10, 2018, the Council for the Development of Cambodia (CDC) approved plans by Makro (Cambodia) Company Limited to build a huge commercial centre in Siem Reap Province worth more than US$18 million. According to the CDC, this project is located in Kork Thnout Village, Sandan Commune, Prasat Bakong District, Siem Reap Province. This new commercial project will hel...
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Takeo Province Chosen for Digital Village Pilot Project
- 10 August 2018
The Republic of India has signed an agreement with the Ministry of Posts and Telecommunications selecting Traing District in Takeo province as the target location to implement a Digital Village pilot project. The information was disclosed while the Ambassador of India to Cambodia H.E. Ms. Manika Jain paid a courtesy call on the Minister of Posts and Telecommunications H.E. Tram Iv Tek in Phnom ...
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Ground broken on ADB-backed Kampot Tourist International Port
- 9 August 2018
Construction of Cambodia's Tourist international port in Kampot Province,funded by the Asia Development Bank (ADB),began on 8 August, 2018 with the Minister of tourism, Kampot Governor, representatives from ADB and almost 100 people attending the ground breaking ceremony. According to an official press release, the project will cover an area of 4 hectares, is being built by Cambodian engineerin...
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US$32 Million Cement Factory Announced for Sihanoukville Special Economic Zone
- 9 August 2018
Sample Photo of Cement Plant. Photo Credit: Himalayan Times King Elephant Construction Material Industrial CO., Ltd recently announced their plan to invest US$32.6 million to build a cement factory in the Sihanoukville Special Economic Zone in response to rising demand in the Cambodian market. After an official meeting between the company representatives and the Sihanoukville Deputy Governor...
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Win-win Memorial Set to Open in December
- 8 August 2018
The Cambodia’s peace symbol building “Win-Win Memorial” is set to inaugurate on the occasion of the 20th anniversary of the government's win-win policy which will take place on December 29, 2018, according Fresh News. On August 7, 2018, deputy Prime Minister and Minister of National Defense H.E. General Tea Banh, had attended the meeting to follow up on the progress of the construction of the “...
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Angkor Wat Ranked as #1 Landmark in the World by Tripadvisor
- 8 August 2018
The renowned online worldwide travel planning company TripAdvisor recently announced the winners of its Travellers’ Choice Award for Landmarks in the World and Angkor Wat Temple in Cambodia was ranked #1 for its magnificent historical architecture. This is second consecutive year for Angkor Wat to receive this award and it will be officially conferred on the monument by TripAdvisor on 9 August ...
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Phnom Penh Office Market Remains Robust in Q2
- 7 August 2018
Office Supply in Exchange Square. Photo Credit: Exchange Square Despite the decrease in total supply by 3.3 percent in Q2, the Phnom Penh office market remained robust with an overall occupancy rate of 87.7% - a 5% increase from Q1 - according to a report by CBRE Cambodia. The decrease in supply was caused by the closures of aging stock in the Grade C sector as landlords sought to refurbish ...
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NBC: Construction Sector Strength Driven by Three Factors
- 6 August 2018
According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector. The first factor is market growth in construction raw materials which increased 27% in the first six months of 2018. The second factor is the increase of credit for the construction sector increased by 30%. Indeed, credit for the construction sector r...
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CBRE: Phnom Penh Retail Supply Increases by 43% in Q2 2018
- 4 August 2018
Naro Mall Retail real estate supply in Phnom Penh was recorded to have risen by 43% in Q2 of 2018 compared to Q1, according to the latest report by CBRE Cambodia. During this quarter, three retail complexes have been completed and opened their doors to the public including the second Aeon Mall Sen Sok, Prince Central Plaza and The Park. Among them, AEON Mall Sen Sok alone has added approxima...
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