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ខ្មែរ Uncategorized
Showcase comprehensive SE Asia seaside resort breaks ground in Sihanoukville
- 2 August 2018
Photo by The Prince Tian Xi Wan Prince Real Estate Group (Cambodia) on 1 August broke ground on The Prince Tian Xi Wan project—the first comprehensive seaside resort of its kind in Cambodia and Southeast Asia. Located in Sangkat Bey, Sihanoukville, the Prince Tian Xi Wan has a total building area of over 300,000 square metres, covering a series of facilities including an international commer...
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The importance of the dispute resolution clause in the construction contracts
- 2 August 2018
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the construction industry with the development of many internat...
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Credit for Construction and Real Estate Sectors Remains Robust
- 2 August 2018
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans. According to the 2018 semi-annual report by NBC, non-performing loans in the construction and real estate sectors are still low. Indicators show that currently non-perf...
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
- 1 August 2018
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are rented from the Royal Express Boat Company. Each is capable of carrying up to 60 passeng...
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Construction of the five-star Prince Times Hotel completed
- 1 August 2018
Construction of the luxury five-star hotel Prince Times Hotel located in the heart of Sihanoukville Province has been completed and is scheduled to open next month. On 31 July, Prince Times Hotel Management Co.,Ltd, a subsidiary of the giant Chinese property developer Prince Real Estate Group (Cambodia) announced that the construction of its 193-key hotel is complete and the company plans to ma...
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Renovations on National Road 3 begin
- 31 July 2018
Renovations on National Road No.3 have begun, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). During a visit to follow up on the construction project along National Roads 41, 3 and 33, H.E Sun Chanthol said construction of the Chom Chao-BekKoos junction along National Road 3 has commenced. This junction will be expanded to dual carriageway with ...
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Minister of Commerce Presides Over Ground-breaking of New Road in Kampong Cham
- 24 July 2018
On Sunday 22 July,2018, H.E Pan Sorasak, Minister of Commerce presided over the ground breaking ceremony for the construction of a red gravel road in Kampong Cham Province. The new gravel road connects three villages to the province and is 3.5km long, 6m wide with one box culvert and five drainage pipes. Speaking during the ceremony, H.E Pan Sorasak said that “this new infrastructure is in l...
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Concessional Loan Agreement for Ring Road No.3 Signed
- 20 July 2018
Ring road 3 map The Ministry of Economy and Finance (MEF) has signed a concessional loan agreement with China funded bank Export-Import Bank of China (EXIM Bank of China) for the construction of the Ring Road No.3 project worth US$259 million, according to Fresh News. According to the same source, the Ring Road No. 3 is a four-lane road with the total length of 47.6 km connecting Cambodia's ...
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Construction of New Cargo Terminal in the Pipeline
- 19 July 2018
Phnom Penh International Airport / Photo: Vinci With the value of the international trade in goods on the rise along with demand for air cargo services, Cambodia Airports has revealed future plans to construct another cargo terminal in Phnom Penh International Airport in order to provide efficient cargo handling services. Mr.Khek Norinda, the communications and PR director for Cambodia Airpo...
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Construction to Start on New Siem Reap International Airport After Election
- 16 July 2018
Photo: Archetype / Siem Reap International Airport Construction on the new Siem Reap International Airport will take place after the 29 July election, according to state-run news agency Agence Kampuchea Presse. On 13 July, Siem Reap Governor H.E. Khim Bunsong met with representatives from Angkor International Airport Investment (Cambodia) Co., Ltd, the company contracted to build the new air...
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