Projects Development
The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August
After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia. “At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or...
Read MoreLHN to Bring 85 Soho Serviced Residence Brand to Cambodia
Well-known Singaporean real estate company LHN Group is acquiring 108 freehold condominium units in Phnom Penh for USD12.5 million with the aim to develop them into the serviced residences under the 85SOHO brand, according to The Straits Times. The 108 condos comprise all the units in Block 1A of Axis Residences, which is developed by Spring CJW Development. Axis Residences comprises 5,748 squa...
Read MoreCambodia Needs 35,000 Qualified Engineers From 2018 to 2020
35,000 qualified engineering professionals are needed in Cambodia from 2018 to 2020 to fulfill the high demand of the current labor market, according to the Japan International Cooperation Agency (JICA) report. The statement was made during the 2017 Annual Report Seminar of the Cambodia Board of Engineers at the Ministry of Labour and Vocational Training (MLVT) on 26 April. “Counting until D...
Read MoreWB Arena to Bring Entertainment to Phnom Penh’s Riverside in November
The WorldBridge Group has invested USD10 million in a new riverside entertainment complex called WB Arena, which will be unique new attraction in Phnom Penh City. Located along the Bassac River in Chak Angre Krom, WB Arena is built on about 1.3 hectares of land and comprises 13 buildings with a total of 171 units which are uniquely designed for different purposes. Different zones are divided wi...
Read MoreBiggest Street Food Centre to Open in Chrouy Changvar City This October
Chrouy Changvar City is set to welcome the biggest street food center in Phnom Penh named The Food Palace in October this year. Located on 30 metre or OCIC Blvd., the Food Palace project is built on about 5 hectares of land through investment by the Overseas Cambodia Investment Corporation (OCIC), and is also part of the Chrouy Changvar satellite mega development project. The center will com...
Read MoreThe Royal Sands Koh Rong Officially Opens
Prime Minister Samdech Hun Sen on 23 April presided over the grand opening ceremony of the Royal Sands Koh Rong, the first ever five-star resort on the island namely. With an investment of more than USD40 million by the Royal Group, first phase of the Royal Sands Koh Rong, comprises 67 pool villas with a total of 148 rooms, with each villa equipped with its own swimming pool. The resort is b...
Read MoreIbis Styles Hotel to Open in Siem Reap This June
AccorHotels brand is set to open its mid-range Ibis Styles hotel in Siem Reap this June, according to the AccorHotels official website. Located in the city centre, just minutes from the famous tourist spots such as the town’s old market, night market and pub street, Ibis Styles Siem Reap is the first ever Ibis Styles hotel in Cambodia. This trendily designed hotel will features 112 rooms along ...
Read MorePhnom Penh Safari to Open at the End of April
The Phnom Penh Safari by L.Y.P Group has finally set an opening date of 29 April, where four animal shows are slated to be the highlight activities during the first opening. Located on more than 80 hectares of land in Chrouy Changva district, Safari Phnom Penh will become the largest ever zoo of its kind in Phnom Penh and in Cambodia, with an investment value of about USD9 million. Safari Wo...
Read More586 Construction Projects Worth Usd356m Approved in Q1 of 2018
Construction in Cambodia. Source: World Bank A total of 586 projects with an investment value of USD356 million have been approved during the first two months of 2018, according the Ministry of Land Management, Urban Planning and Construction (MLMUPC). However, this number is considerably lower than the same period from last year. In response to the high number of projects, land prices in th...
Read MoreCCA joins workers minimum wage draft law seminar
The Cambodia Constructors Association (CCA) proposed that the labour ministry reconsider and include the topic of construction workers wages in the new law draft related to workers’ minimum wage during its attendance at the official seminar. The seminar was organised by the Ministry of Labor and Vocational Training on 10 April, where related officers from both government agencies and the privat...
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