Projects Development
Government, JICA Agree on Loan for SHV Port Expansion Phase 2 & 3
Sihanoukville Autonomous Port, the Ministry of Economy and Finance and JICA have agreed on the loan package for the second and third phases of the Sihanoukville port expansion projects. The loan agreement from JICA to Sihanoukville Autonomous Port comes after JICA provided a US$203 million loan for the first phase of a container terminal expansion […]
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US$40 million Calmette Hospital’s Multipurpose Building 92% Complete
Construction of the Calmette Hospital US$40-million multipurpose extension building has reached 92% completion as of April this year, according to the site inspection by Health Minister HE Man Bunheng on 27 April. HE Man Bunheang said that this building is a major development in the health sector transforming Calmette into a modern and more qualified […]
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ELT, Pointer Join Hands Developing New Large-Scale Innovative Residential Project in Southern Phnom Penh
Two renowned key real estate players—ELT Development and Pointer Property –have joined hands to develop a new residential development in the southern part of Phnom Penh along Hun Sen Blvd, namely Borey ELT Courtyard 60m. ELT Development is a reputable company and has been actively involved in building human resources and education in Cambodia for […]
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FTB Breaks Ground on New US$112 million Headquarters “FTB Tower”
Foreign Trade Bank of Cambodia (FTB) in collaboration with MSNH Investment Co., Ltd (MSNH) has announced the start of construction on its new headquarters named “FTB Tower”. The groundbreaking ceremony was held on 22 April and presided over by HE Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction. With […]
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New US$8.6 Million Investment Project Approved for Pou Senchey District
The Council for the Development of Cambodia (CDC) has given a permit to QMDJ (CAMBODIA) CO., LTD to invest US$8.6 million in building a garment factory in Phnom Penh’s Pou Senchey district. According to a CDC announcement on 21 April, the new investment will help create approximately 500 jobs for locals. In the first two […]
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US$34-million Japan-Funded Flood Protection & Drainage System Inaugurated
A US$36-million Japan-funded flood protection and drainage system phase 4 in Phnom Penh has been officially inaugurated, playing a vital role in urban development in the capital. The inauguration ceremony was held on 20 April under the presidency of Samdech Prime Minister Hun Sen. The project took 36 months to be constructed, starting from December […]
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Cambodia, Japan Inaugurate Multiple Education Facilities in Battambang
Multiple infrastructure and facilities within the Battambang Provincial Teacher Education College have recently been inaugurated under the presidency of Education Minister HE Hang Chuon Naron and Japan Embassy representative Karimata Atsushi. Those facilities include an administration building with 2 floors and 29 rooms, a teaching building with 3 floors and 30 classrooms, an IT & […]
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Gov’t Approves Over 650 Construction Projects Worth US$137m in Two Months of 2022
During the first two months of 2022, a total of 652 construction projects were approved with an estimated investment value of over US$137 million, according to a recent report from the Ministry of Economy and Finance. The approved construction projects during these two months declined by 207 projects compared to the same period last year. […]
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Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
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Tourism Development Master Plan focuses on three main connections in Mondulkiri province
The Master Plan on Tourism Development in Mondulkiri province 2022-2035 focuses on connecting the three main means of transportation for Mondulkiri province. The sixth strategic direction of the master plan stated the connection to facilitate travel and integrate within the national and regional framework, in three ways air, waterway, and expressway connections. Currently, the Royal […]
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