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ខ្មែរ Uncategorized
Gov’t Approves Six New Investment Projects Worth Over US$100 million
- 5 May 2021
The Council for the Development of Cambodia (CDC) has recently approved private firms to invest in building six factories, worth a total budget of approximately US$106.3 million in Kandal, Takeo, Kampong Speu and Preah Sihanouk provinces. The first investment permit has been granted to Yiankang Biological Technology Co., Ltd to invest US$2.9 million in building a food processing factory in Tumn...
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OCIC, Cambodia Airports Continue Talks on Cooperation Over New Airport Development
- 3 May 2021
The request for a joint venture and cooperation in the new Phnom Penh airport development project by Cambodia Airports to OCIC is still on the table, but is yet to be finalised, according to the State Secretariat of Civil Aviation (SSCA)’s spokesman last week. The proposal was raised by Vinci Airports and SCA, commonly known as Cambodia Airports, in early 2020. The firms intended to cooperate w...
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Three Cambodian International Airports to Have Major System Upgrades
- 1 May 2021
Three international airports in Cambodia will soon have a major system upgrade as the operator Cambodia Airports has recently inked a deal with renowned Spanish IT provider Amadeus to bring in a new management system called Amadeus Flow. With the new approach, Cambodia Airports can temporarily reallocate resources not in use. One example would be by redistributing airline services between termi...
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Cambodia Construction Investment Capital Valued at US$1.6 billion in Q1 2021, Down by 35%
- 30 April 2021
Total investment capital in the construction sector nationwide was valued at US$1.66 billion in the first quarter of 2021, down by 35% compared to the same period in 2020, according to figures from the Ministry of Economy and Finance. Of the approved construction projects, housing and villa projects represent the largest portion of investment at US$922 million, followed by commercial and indust...
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Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
- 29 April 2021
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least 20 of them have been cont...
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ADB Prepares Over US$1.3bn in Loans & Aid for Cambodia for 2021-2023
- 29 April 2021
The Asian Development Bank (ADB) has prepared a total of over US$1.3 billion in loans and grant aid for Cambodia to support the country’s economic development and recovery from the COVID-19 pandemic. According to an ADB report released on 28 April, of the total lending pipeline for 2021-2023, US$1.35 billion is in form of concessional loans while another US$32.4 million is in grant aids. ADB...
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New Kampot Concrete Bridge Set for Completion End of 2021
- 29 April 2021
Construction of the Samdech Techo Troeuy Koh concrete bridge in Kampot city connecting Troeuy Koh and Andong Khmer communes is scheduled to be completed by the end of 2021, according to the Kampot provincial administration on 28 April. Kampot Governor HE Cheav Tay said during the site inspection that his office has been urging the working group to speed up the construction progress and also ask...
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Analysts Question ADB’s Property & Construction 2021 Growth Forecast
- 29 April 2021
The Asian Development Bank (ADB) on 28 April released a report forecasting that the Cambodian economy will grow by 4% in 2021 and 5.5% in 2022, while the construction and real estate sectors are also expected to recover from last year’s contraction. This growth forecast is indeed a positive sign. However, given the current lockdown and community outbreak situation, will the growth happen as for...
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Residents Near Sites of Siem Reap Road Sites Urged to Connect to State Water System
- 28 April 2021
The Siem Reap Provincial Administration has urged citizens and business owners living nearby the construction sites of the 38-road renovation project to apply for connection to the state water system now or at least before the construction is complete. According to the official announcement on 27 April, as the 38-road project also includes rearrangement of the underground wastewater and clean w...
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ADF Helps Cambodia Develop a Long-Term Energy Trajectory-Modelling Tool
- 27 April 2021
Agence Française de Développement (AFD) has provided €300,000 to help Cambodia develop a long-term energy trajectory-modelling tool, according to a press release early this month. The fund is provided through a program entitled “Energy Sector Modelling Tool for the Ministry of Economy and Finance of the Royal Government of Cambodia”, with the aim to support long-term low carbon development plan...
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