Government Approves Projects in Two Provinces Worth More Than US$29 Million

On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...

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Sovanna Shopping Centre to Renovate for New Image

Sovanna Shopping Centre, which opened many years ago, is planning to renovate the main market building to be more attractive as the momentum of new shopping malls in Phnom Penh increases. Improving the look of Sovanna Shopping Centre will require a temporary suspension of operations according to Chea Sokheak, general manager of Sovanna Shopping Centre. Ms Sokheak said that operations in the ...

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Construction Firms From Korea Eye Infrastructure Investment in Sihanoukville

Photo by Ministry of Environment International Contractors Association of Korea (ICAK) has unveiled to invest in the infrastructure and telecommunication in coastal Preah Sihanoukville province, where construction, real estate, and tourism are booming. In a meeting with H.E. Say Sam Al, Minister of Environment held on 03 June, Mr Lee Kun Ki, Chairman of ICAK, expressed his interests in stren...

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400MW Diesel Fired Plant to Build in Kandal Province

The 400 MW power plant running on diesel to generate electricity will be built in Kandal province’s Lvea Aem district, bringing hope to the nation with current energy crisis in Phnom Penh city. The government is ordering its purchases the diesel-running generators from Finland and Germany to install in Kandal province with total investment of US$355 million, H.E. Ty Norin, secretary of state at...

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Japan to Provide Close to Us$2 Million to Develop Sihanoukville Port

The Royal Government of Japan will provide US$1.8 million in aid to Cambodia to build a freight station inside the Sihanoukville Autonomous Seaport. The agreement for the aid provision was signed on 31 May by Japanese ambassador to Cambodia Hedehisa Horinouchi and Cambodian Ambassador to Japan Ung Rachana, witnessed by Samdech Techo Hun Sen, Prime Minister of Cambodia and his Japanese counterpa...

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26 Firms Apply for Bidding on Solar Farm in Kampong Chhnang

26 private companies have applied for public bidding on the Cambodia National Solar park project in Kompong Chhang province, with the tender winner to be be declared after consideration on the investment and electricity price proposed by each company. In the public bid opening on the Cambodia National Solar Park Project held at Electricity Du Cambodge (EDC) on 29 May, Pa Nimol, deputy director ...

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Over US$5 Billion in Infrastructure Loans Granted to Cambodia

Cambodia has received more than US$5 billion in loans for infrastructure development projects from the China Development Bank​ (CDB) as part the work to support national economic development, the bank said on 30 May 2019. Speaking at a seminar on ‘Development Finance: Supporting Cambodian Economic and Social Development’ held at Koh Pich City Hall, Mr Liu Jin, Dean of the Development Finance In...

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Land Ministry Permits Construction of Naga 3 on Former White Building Plot

The construction of Naga 3 on the former White Building has been granted construction permits after the company amended its layout plans. The planned integrated entertainment complex of NagaCorp Ltd using an investment of approximately US$4 billion will be built on a total of 16,837 square metres in Sangkat Tonle Bassac, Khan Chamkar Morn, Phnom Penh. The project was already been granted con...

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Cambodia Property Awards Calls for More Entries to Help Promote Real Estate Quality

With the country’s rapidly growing real estate industry and the rising market competition, public and private experts have called for more entries for the annual ‘Cambodia Property Awards’ to help promote Cambodia’s real estate quality. The Cambodia Property Awards is part of the regional Asia Property Awards program by PropertyGuru which was incepted in 2005 and now has a presence in 15 market...

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Vietnam Conducting Survey on Foreign Property Ownership

Vietnam’s Ministry of Construction is overseeing the compilation of a report into the scale of foreign home ownership nationwide following the relaxing of ownership rules with the Housing Law in 2014. Information from the report, including location and types of homes purchased, will be used to evaluate the implementation of the policy allowing foreign organisations, individuals and Viet kieu (o...

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