Kampong Speu Stadium​ Construction 90% Complete, Scheduled for Inauguration in September

The international standard stadium, initiated by HE Hun Many, member of parliament for Kampong Speu province and President of the Union of Youth Federations of Cambodia, is now 90% complete. The stadium is scheduled to be inaugurated officially in September this year, according to HE Vei Samnang, Governor of Kampong Speu province, stating that the remaining construction work is related to decor...

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Kep Plans to Build Two Ports Under ADB Project

The Kep Provincial Administration plans to build two standard ports for fisheries and tourism under the Asian Development Bank's Sustainable Coastal and Marine Fisheries Project. A meeting on the project was held on 27 April, chaired by Mr. Vao Sokha, Deputy Governor of Kep Province, and ADB representative Mr. Lindsey Saunders, Team Leader of the Sustainable Coastal and Marine Fisheries Project...

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Award-Winning Residential Project La Palm Launches New Borey in Southern PP

After the success of their first project, Borey La Palm has once again inked a partnership deal with Pointer Property Co., Ltd. to launch its second project—Palm Springs. The signing ceremony appointing Pointer Property as the exclusive sales and marketing partner for the Palm Springs project took place on 30 April and was joined by both firms’ executive boards. The Palm Springs project will...

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Construction on US$1.3 billion Kampot Multi-Purpose Port to begin in early May

Construction on a new US$1.3-nillion multipurpose port & logistics centre in Kampot province.is set to begin in early May, according to Minister of Public Works and Transport HE Sun Chanthol. HE Sun Chanthol said on 27 April during the SHV port inspection that the development of infrastructure, roads, railways and ports are very vital, responding to the growth of the country's economy. “...

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Cambodia’s Four Coastal Provinces Receive US$100m for Sustainable Marine Development Projects

A US$100 million fund from the Asian Development Bank (ADB) and French Development Agency (FDA) has been approved for implementing sustainable marine development projects in four of Cambodia’s coastal provinces including Koh Kong, Sihanoukville, Kampot and Kep. ADB will contribute US$70 million including loans and grant aid, while AFD will provide US$30 million. Kep Deputy Governor Vov Sokha...

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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 project, which is scheduled for completion in 2...

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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 hospital to compete with neighbouring countr...

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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 over 20 years since 1994, while Pointer Property...

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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 a total gross floor area of 77,593 squar...

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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 months of 2022, from January to February, the CDC approved a total of 3...

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