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Expert Says Four Locations Seeing Strong Construction Growth in 2019
With the Ministry of Land Management Urban Planning and Construction (MLMUPC) projecting that construction is expected to increase sharply in 2019 compared to 2018, an industry expert has identified four areas in Cambodia seeing strong growth. With more than US$2.7 billion construction investment approved in the first five months of 2019, real estate expert and founder of Key Real Estate Mr Sor...
Read MoreWaterfront Resort Design Unveiled for Jakarta
Australian developer Crown Group has revealed plans to build a US$693 million mixed-use waterfront resort in Jakarta, with marina, beach club and apartments. Designed by Sydney architect Koichi Takada, the towering 9,000 sq m development is planned for Ancol Bay in northern Jakarta. Featuring 3,000 apartments, the resort would set a new benchmark in residential property in Indonesia. Archite...
Read MoreEnvironmental impact assessments required for major construction
The Ministry of Environment has affirmed that all major construction projects are required to conduct environmental impact assessments (EIA) before requesting a construction permit license from the Ministry of Land Management, Urban Planning and Construction. According to the Ministry of Environment, before issuing construction permit licenses, some construction projects need to have the result...
Read MoreConstruction Starts on Us$10 Million Water Treatment Plant in Kampot
Photo by Ministry Industry and Handicraft Ground was broken on 3 July on water treatment plant in Kampot province which will contribute to the clean water supply in Kampot and Kep provinces. The plant is a US$10 million investment by ANCO Water Supply, a subsidiary of ANCO BROTHERS Co Ltd, the conglomerate tasked with building and operating the facility. Expected to commence operations in...
Read MoreAluminium China & Lightweight Asia 2019 Continue to Look at the Advancements in the Aluminium Application Field
Aluminium China and Lightweight Asia 2019, which will be held by Reed Exhibitions from July 10th to 12th, will showcase a new chapter in the aluminium industry by exploring the green manufacturing trends involved in the developments and products in the automotive, construction, transport, aerospace and consumer durables industries. Aluminium Leading the Boom in Consumer Electronics with White G...
Read MoreLand Minister Warns Non-compliant Construction Sector Businesses of Closure
H.E Chea Sophara, Deputy Prime Minister and Minister of Ministry of Land Management Urban Planning and Construction (MLMUPC), told all construction companies in Cambodia to comply with technical standards, otherwise the ministry will shut down those businesses with no exemptions. The statement was made at a meeting on the design project and construction of a building with design, construction, ...
Read MoreSingapore to Launch World’s First Air Taxis
Singapore has announced plans to be the world’s first city to launch air taxis by the end of 2019. The unique metropolitan transport project called ‘Voloport’ is a collaboration between UK-based aerospace firm Skyports, German aircraft maker Volocopter, German designer Brandlab, Los Angeles-based Graft Architects and UK consulting engineer Arup. A voloport prototype with landing pads for the...
Read MoreSteel Imports From China Increase in Value but Vietnam Retains Weight Market Share
As Cambodia’s steel industry mostly relies on foreign imports, China and Vietnam are capitalising on this market with each country importing more than US200 million worth of steel from the total imports of US$900 million within the last three years. According to the latest figured from the department of domestic trade of the Ministry of Commerce, between 2016 to the first six month of 2018, Cam...
Read MoreGiant Ferris Wheel Set to Roll in Siem Reap
Local firm Angkor Eye Company Limited began construction on a giant 80-metre Ferris wheel on 30 June 2019 in Siem Reap province, according to the Siem Reap Provincial Information Department. According to the source, this giant Ferris wheel, located in Box Ville, Krous Village, Svay Dangkum Commune, Siem Reap District, is a US$7.2 million investment by Angkor Eye Company Limited. Standing 85 ...
Read MoreConstruction of Prince Real Estate Begin Convention Center Ahead of the Asean Summit
Photo by Prince Real Estate Mega Chinese firm Prince Real Estate Group who invested heavily in the real estate sector in Cambodia has begun construction of its convention center in Sihanoukville on 28 June 2019 ahead of the ASEAN Summit which will take place within in the next few years. Prince Real Estate Group has begun a groundbreaking ceremony for the Cambodia International Convention Ce...
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