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ខ្មែរ Projects Development
Developer to Establish Zero-Carbon, Car-Free City in Kuwait
- 8 September 2022
Dubai-based developer URB plans to build a zero-carbon, car-free city in Kuwait to accommodate up to 100,000 residents, according to GCR. Located on a 16-sq-km site, south of Kuwait, the city named XZero would recycle all its water and waste. The city will host over 30,000 homes powered by renewable energy and fitted with sensors that automatically adjust lighting and ventilation. XZero will...
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Cambodia Signs US$600m in New Concessional Loans in H1 2022
- 7 September 2022
The Cambodian government has signed new concessional loans with development partners worth approximately US$635 million in the first semester of this year, accounting for 30% of the ceiling permitted by law. 61% have been signed with bilateral development partners and 39% signed with multilateral development partners, according to the Cambodia Public Debt Statistical Bulletin issued by the Mini...
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Gov’t Approves Over 100 New Investment Projects Worth US$3.4bn in First 8 months of 2022
- 7 September 2022
In the first eight months of 2022, the Council for the Development of Cambodia (CDC) approved more than 100 investment projects worth approximately US$3.4 billion. According to the CDC’s reports obtained by Construction & Property News, these projects help create over 63,000 jobs for people in the areas where the projects are located. Those projects are in different sectors ranging from ...
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Major New Road in Stung Treng Officially Inaugurated
- 7 September 2022
A newly built major road in Borey O’Svay Senchey district in Stung Treng province was officially inaugurated under the presidency of Governor Svay Sam Eang on Tuesday 6 September. This road is a DBST type with a length of over 10km and a width of 7m (Provincial Road No. 379A). The road is equipped with over a hundred drains to prevent flooding. The road was built in two phases, 4.4km of whic...
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NBC to issue US$25 million Government bond on September 7
- 6 September 2022
The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per unit is worth 1 million riels (US$250). Investors who ...
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Kampong Spue Stadium Officially Inaugurated
- 6 September 2022
Kampong Speu Provincial Stadium was officially inaugurated on 6 September under the presidency of the Deputy Prime Minister and the Minister of Land Management, Urban Planning and Construction HE Chea Sophara. Located in Ta Mol Village, Sangkat Chbar Morn, Chbar Morn City, Kampong Speu Provincial Stadium is a standardised size stadium spreading over 4 hectares of land. HE Chea Sophara said t...
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Kampot Governor Mulls Building More Luxurious Beach Resorts & Public Parks
- 5 September 2022
Kampot provincial authorities plan to build more luxurious resorts and beaches to attract more tourists, according to Provincial Governor HE Mao Thanin on 5 September. The governor said that Kampot is a coastal province with rich potential and resources, but the province has yet to offer luxurious beaches for tourists. He added that the provincial administration plans to build a 2km beach al...
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
- 5 September 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...
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Thai Government Approves US$300m for New Zoo
- 1 September 2022
Following the closure of the beloved Dusit Zoo in 2018, the Thai government has announced the approval of US$300 million to construct a new zoo, education center, and conservation facility on the outskirts of Bangkok. Dusit Zoo was originally built 84 years ago by King Chulalongkorn as his private garden, while the new facility will be constructed on a 48- hectare site in Pathum Thani province ...
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Five Investment Projects Worth Over US$82m Approved for Kandal, Kep, K. Thom & PP
- 1 September 2022
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$82.7 million in building five factories in Kandal, Kep, Kampong Thom, and Phnom Penh. The first firm is KITATSU SOLAR (CAMBODIA) CO., LTD, which will invest US$23.4 million to establish a solar panel factory along NR5 in Tumnup Thom village, Ponhea Leu district, Kandal province. The second fi...
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