Major companies and projects
Master plan for Ream City given nod
Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest-growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. ...
Huawei pledges to support digital development in Cambodia
Chinese-owned giant telecom and technology company Huawei has pledged to support Cambodia’s digital development and bring new technology, according to its Cambodia’s country director. ...
Road impacts addressed
Addressing the economic and environmental impacts from two major road projects, the Ministry of Public Works and Transport on Tuesday said issues related to the renovations of National Road 2 are 98.5 per cent resolved while for National Road 22, it is 100 per cent ...
New Phnom Penh Airport cost estimated at $1.5 billion
Cambodia Airports and the Overseas Investment Corp (OCIC) have shown progress in discussions on the development of a new Phnom Penh International Airport which is expected to be finished next year. ...
Gov’t approves $9B worth of building projects in 2019
The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and ...
Chip Mong commences Park Land 50M project
Chip Mong Land, one of the Kingdom’s leading construction developers, has launched the “Park Land 50M” residential project. The project broke ground on Thursday in Dangkor district’s Prey Sar commune along the capital’s second ring road, which – hence the name – is 50m wide. ...
China, Cambodia venture to raise new building
Local group OTK Royal One signed a partnership agreement this week with Chinese firm Huasi Group to build a 62-storey commercial building in Phnom Penh. ...
Hunton & williams advises on commercial close for $1.8 billion Cambodian expressway project
Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia. ...
Cambodia finds new target for real estate: Chinese investors
Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market. ...
Developer puts condo project The Bay on hold as supply glut looms
The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...
Cam McGrath and Hor Kimsay
Koh Rong development plan tied up in red tape
The Royal Group’s $30-million luxury resort on Koh Rong island will not be completed on schedule as the company has faced numerous port development issues and, according to company management, a snarl of red tape. ...
Cheng Sokhorng and Kali Kotoski
Hyundai Engineering wins $120mn order to build a mall in Cambodia
South Korea’s Hyundai Engineering won a $120 million deal from a Japanese retail giant Aeon Co. to build a shopping mall in the Kingdom of Cambodia, a deal that is expected to help the Korean engineering company that has been focusing on plant construction diversify ...
Economic zone reaches milestone
The Sihanoukville Special Economic Zone (SSEZ) jointly operated by a China-based conglomerate and the Cambodia International Investment Development Group Co. Ltd reached a milestone yesterday with the 100th factory set up to operate in the economic and trade cooperation zone. ...
Highest hotel in Sunshine City
The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...
China developer eyes satellite city
The property behemoth in Phnom Penh has attracted a top China-based developer, Country Garden Holdings Co. Ltd, which seems keen to invest in the building of a modern satellite city that can accommodate two million people in the Kingdom. Yang Guoqiang, Chairman of Country Garden ...
Government approves 133-story skyscraper
The government has given final approval for a planned $3 billion, 133-story twin-tower skyscraper that developers claim will be completed by 2018, a spokesman for the Ministry of Land Management said on Monday. ...
Kang Sothear and Ben Paviour
More regulations for foreign construction projects: ministry
Foreign construction companies were warned not to violate Cambodia’s building laws during a meeting yesterday to review a number of projects that had been approved by the government. ...
Construction insurance trails boom
Despite strong growth in investment in the construction sector, investors, builders and developers still largely neglect insurance on projects, industry and government officials say. ...
Up to 40% of Ta Khmao development sold
Up to 40 percent of the $100 million River Premium Development Company, a joint venture between local partners and Malaysian investors, has been completed and sold, said Houn Heng Eriya, the sales manager of the project in the city center of Ta Khmao. ...
City hall planning to privatize 280-hectare development site
City Hall plans to privatize a 280-hectare plot of public land set aside for a $3 billion development by the Overseas Cambodia Investment Corporation (OCIC) in Phnom Penh’s Chroy Changva district, officials said Thursday. ...