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ខ្មែរ Uncategorized
US$21.2 million in projects approved across three provinces
- 31 July 2019
The Council for the Development of Cambodia (CDC) approved four investment projects across three provinces on 31 July with a total investment value of more than US$21.2 million, adding more than 1,500 jobs to the market. The Prestige Hospital Co., Ltd, was permitted to build its 100-bed world class hospital in Sangkat Tonle Bassac Khan Chomkamorn, Phnom Penh. With an investment of US$7 million,...
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PM Calls On Land Ministry To Review Construction Permit Process
- 30 July 2019
In response to the complaint of the slow process in obtaining construction permits, the Cambodian Prime Minister on 29 July called on the land minister to review the process. “Some construction sites work illegally because officials refused to approve them [construction permit], so [land minister] needs to look at this,” Prime Minister Samdech Techo Hun Sen said at the Morodok Techo National St...
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CDC approved US$36 million construction material investment in Sihanoukville
- 30 July 2019
The Council for the Development of Cambodia (CDC) on July 29 approved six construction material investment projects in Sihanoukville with totaling investment value of more than US$36 million. Located mainly in the Sihanoukville Special Economic Zone (SSEZ), the total six projects expected to generate 1,838 jobs using an investment capital of US$36.2 million. TB Flooring (Cambodia) Co.,Ltd, w...
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Demand for industrial developments increase as Chinese manufacturers shift production overseas
- 29 July 2019
Industrial zones have reported that demand has increased from Chinese manufacturers looking to relocate to Cambodia, due to the US-China trade war that has resulted in products made in China having higher tariffs. As a result, industrial developers are getting enquiries from Chinese companies that want to switch their manufacturing base from China to Southeast Asia and Cambodia has become one of t...
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Gov’t to focus on construction and real estate labour with extended UN programme
- 27 July 2019
The Ministry of Labour and Vocational Training (MLVT) is looking to focus on creating access to decent and productive employment opportunities for Cambodian youth within the construction and real estate sector through a new joint labour programme with the United Nations. The Labour ministry and the United Nations agreed to extend the ‘UNited for Youth Employment in Cambodia’ on 25 July for the ...
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Public ministry studies location for Kratie-Kampong Thom bridge
- 26 July 2019
The Ministry of Public Works and Transport (MPWT) conducted a study tour on 23 July to determine the location for the bridge construction project linking Kratie and Kampong Thom provinces, which the ministry believes will significantly contribute to the transportation sector in Cambodia. Speaking in an interview on the sidelines during the National Road No.7 inspection in Steung Treng province,...
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US$4 Billion NAGA3 Set for Construction in September
- 25 July 2019
Hong Kong-listed NagaCorp Ltd has announced that construction on its third project on the White Building land of Phnom Penh will start in September 2019 while claiming that the project will attract more urban investment into the city. Speaking in an interview with Bloomberg TV on 23 July, Mr Timothy McNally, chairman of NagaCorp Ltd said that construction of the Naga 3 integrated entertainment ...
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Sand from Cambodia contributing to Singapore land growth
- 25 July 2019
A UN report has detailed how rising global demand for sand and gravel is having a negative impact on developing economies with Singapore in particular singled out for its aggregate appetite. With global demand tripling in the last 20 years and now at 50 billion tonnes per year and predicted to rise by 5.5% a year, the UN report details the environmental degradation caused by the sustained extra...
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Environment ministry gives green light to Cambodia Cement Chakrey Ting Factory in Kampot
- 24 July 2019
The Ministry of Environment (MoE) gave the green light on the Environmental and Social Impact Assessment (ESIA) on 23 July for the Cambodia Cement Chakrey Ting Factory in Kampot. Cambodia Cement Chakrey Ting Factory was initiated in 2014 with a US$100 million investment in Phnom Teach Village, Kandal Commune, Teuk Chhou District, Kampot Province covering an area of 32 hectares. The plant has th...
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The future of infrastructure developments and the construction industry in Cambodia
- 23 July 2019
In the past decade, Cambodia has launched ambitious infrastructure developments toward building much needed airports, bridges, dams, roads and seaports. However, Cambodia still ranks 112 out of 137 nations in terms of infrastructure ranking, lagging behind most of its Southeast Asian neighbours according to the World Economic Forum’s latest Global Competitiveness Report. It revealed that inadequat...
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