Uncategorized
Chip Mong’s New Plant Focusing on Southern Phnom Penh Development
A newly-built Chip Mong Industries concrete factory in Cheung Ek is set to capitalize on the rapid development in the southern part of Phnom Penh. Speaking with Construction&Property Magazine on 11 October, 2018, a representative from Chip Mong Industries said that the new concrete factory was built as the company saw sales momentum and the development of a modern construction sector in the...
Read MoreMinistry of Environment to Organise Green Housing Competition
The Ministry of Environment is to organise a competition on designing sustainable housing. According to a post on the Ministry of Environment Facebook page on 3 October, 2018, H.E Say Samal said that “the ministry will consider organising a competition among boreys and to encourage to those who care about and love the environment”. The statement was made during a meeting with owners of boreys ...
Read MoreAuthorities call Preah Sihanouk construction site owners to public meeting on safety
The Ministry of Land Management Urban Planning and Construction (MLMUPC) in collaboration with the Preah Sihanouk Provincial Administration have held a public meeting on construction safety and quality with around 195 construction site owners attending, according to the Preah Sihanouk Provincial Administration. During the 4 December meeting, H.E Lao Tip Seiha, Secretary of State of the MLMUPC i...
Read MoreKampot Infrastructure Investment Fund Plans Feasibility Questioned
Sample photo by Wikipedia The feasibility of plans by the governor of Kampot to construct a high-speed rail link to Phnom Penh, have been questioned by an expert from the Ministry of Public Works and Transport (MPWT). On 4 October, 2018, MPWT spokesperson H.E Vasim Sorya told Construction&Property Magazine that “construction of high-speed railways costs on average between US$7-US$8 milli...
Read MoreIMF Cautions Cambodia on Credit in Real Estate Sector
Cambodia needs to be more cautious about credit in the real estate sector, according to the end-of-mission press releases issued by the International Monetary Fund (IMF) on 2 October, 2018 regarding the preliminary findings of the “2018 Article IV consultation”. The preliminary findings (not the views of the IMF’s Executive Board) of the 23-day mission 19 (September to 2 October, 2018), show th...
Read MoreLuxury Six Senses Krabey Island resort to welcome guests from December
Photo by Pixabay Hotels.com With Sihanoukville in need of more luxury accommodation, some exclusive new development projects are now coming online. One example is Six Senses Krabey Island, a member of Six Senses Hotels Resorts Spas, which is set to accept room reservations from December 1, 2018. Located in the heart of tropical island Krabey, a 30-minute ride from Sihanoukville International...
Read MoreBritish Companies Eye Cambodia for Construction Business
Many British companies are looking for opportunities to do business in the Cambodian construction sector, according to British diplomats. According to a Ministry of Commerce Facebook post on 2 October, 2018, UK Trade envoy H.E Edward Vaizey and British Ambassador to Cambodia H.E Tina Redshaw said that “currently there are many British construction companies looking for opportunities to enter in...
Read MoreThree Chinese Firm Team Up to Establish Online Commercial Center at Bavet City
Sample photo by Vents Magazine Three Chinese companies have signed a collaboration agreement on the establishment of an online commercial centre in Bavet, according to a report by FRESH NEWS on 30 September, 2018. According to the same source, the developer of the Svay Rieng border town project, Empire World Group, signed the agreement with Bauing Group and CFMA (City Facility Management) to...
Read MoreIsI Palm Roof Sheeting in High Demand
While imported construction material are entering the Cambodian market in significant volume, local construction material manufacturers are working hard to provide high quality products to their consumers. A good example of this trend is one of Cambodia leading construction materials manufacturers ISI Steel,which has successfully developed over the past two decades as demand for the supply of s...
Read MoreChinese Firm Announces Construction Plan for High-end Residential Building
A Chinese real estate firm has announced their development plan for a high-end residential building called the R & F Glory, according to a post on the Ministry of Information’s (MoI )facebook post on 28 September, 2018. R & F Properties has announced a US$700 million investment for a 174-metre high, 57-storey building on 8 hectares of land in the south of Phnom Penh. According to the...
Read More