Industries
Construction
Ministry to blacklist road companies failing to uphold technical standards
The Transport Minister yesterday warned road repair companies that they will be blacklisted from bidding on future public projects if they fail to uphold technical standards in their work. Transport Minister Sun Chanthol yesterday met with contractors and technical inspection companies to discuss the improvement of ...
Pech Sotheary
https://www.khmertimeskh.com/50631407/ministry-to-blacklist-road-companies-failing-to-uphold-technical-standards/
Sihanoukville buildings encroaching on pavement demolished
Sihanoukville authorities demolished two buildings on Wednesday that encroached on the pavement, dismantled seven canvas structures and dug up five stone terraces after their owners failed to comply with repeated instructions to remove the obstructing structures themselves. ...
Voun Dara
https://www.phnompenhpost.com/national/sihanoukville-buildings-encroaching-pavement-demolished
Influx of Chinese business travelers, investors to Cambodia drives construction boom
Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...
Martin Choi
https://www.scmp.com/property/international/article/3020644/influx-chinese-business-travellers-investors-cambodia-drives
Sihanoukville residents to remove homes
The Sihanoukville municipal administration on Saturday issued a notice ordering buildings on state land along Street 821A, in Commune 4, to be removed by August 2. Municipal governor Y Sokleng on Sunday said the administration planned to widen Street 821A – currently eight metres wide ...
Voun Dara
https://www.phnompenhpost.com/national/sihanoukville-residents-remove-homes
Steel-framed buildings to be demolished in Preah Sihanouk
The Preah Sihanouk Provincial Hall ordered the demolition on Monday of two Chinese-owned steel-framed buildings on Otres Beach I in Stung Hav district’s Otres commune that were found to have encroached on the public beach. ...
Voun Dara
https://www.phnompenhpost.com/national/steel-framed-buildings-be-demolished-preah-sihanouk
Illegal building sites to have power cut
The government is to act against illegal construction sites nationwide by cutting off their electricity and water and halting the supply of materials. The measures come as the latest move against unlicensed projects after 28 people were killed and 26 injured following the collapse on ...
Long Kimmarita
https://www.phnompenhpost.com/national/illegal-building-sites-have-power-cut
Ministry orders inspection of building sites in Preah Sihanouk
The Minister of Land Management, Urban Planning and Construction ordered a committee on Tuesday to spend a week inspecting the legality and technical standards of all construction projects in Preah Sihanouk province. This follows the collapse of a seven-storey building in Sihanoukville on Saturday that ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-orders-inspection-building-sites-preah-sihanouk
Chinese firm to develop Transport Ministry land
The government has agreed to allow a Chinese company to develop more than 11 hectares of state land in Por Senchey district on condition that it constructs four new buildings and five warehouses for the Transport Ministry on nearly four hectares of land in Russey ...
Ros Chanveasna
https://www.khmertimeskh.com/50568905/chinese-firm-to-develop-transport-ministry-land/
Improving construction sector safety
Labour Ministry officials met with members of Japan’s parliament and the International Labour Organisation to discuss a project aimed at improving safety standards in the construction sector on Thursday. ...
Mom Kunthear
https://www.khmertimeskh.com/50538061/improving-construction-sector-safety-2/
Concerns over construction safety
The government earlier this week announced the creation of a national committee tasked with improving safety standards on construction sites and ensuring the welfare of labourers. In an attempt to curb construction site accidents, the Labour Ministry on Monday said that the new national committee ...
Sen David
https://www.khmertimeskh.com/50512989/concerns-over-construction-safety/
Asian demand for cement destroys stunning cliffs in Cambodia – pulverised for their limestone
Across the continent, a construction boom is driving record demand for a core constituent of cement – limestone – resulting in the utter destruction of unique and fragile ecosystems. ...
Government earns $366m from construction sector
The government collected more than $366 million in revenues from the construction sector from 2013 to 2017, mostly from land registration and cadastre, construction, land leases, and property title transfer services, according to a recent government report. ...
Sum Manet
https://www.khmertimeskh.com/50501230/government-earns-366m-from-construction-sector/
Angkor residents given construction permission
In four months this year, the Apsara Authority has allowed people living in the Angkor area to build and repair 354 houses or do light construction in order to help facilitate their living conditions. ...
Pech Sotheary
https://www.khmertimeskh.com/50487386/angkor-residents-given-construction-permission/
Economy to grow by 7 percent in 2018: IMF
According to the latest forecast from the International Monetary Fund (IMF), Cambodia economy will grow by 7 percent this year on the back of higher public spending and steady growth in construction and tourism. The IMF’s forecast is slightly higher than the figure released by the ...
May Kunmakara
http://www.khmertimeskh.com/50114978/economy-to-grow-by-7-percent-in-2018-imf/
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. ...
Sum Manet
http://www.khmertimeskh.com/50113907/china-cambodia-venture-to-raise-new-building/
Sihanoukville to welcome new Marriott hotel
Local real-estate firm Grand Lion Group reached a deal with US-based Marriott group to manage and operate a new five-star hotel in the coastal city of Sihanoukville. ...
May Kunmakara
http://www.khmertimeskh.com/50113798/sihanoukville-to-welcome-new-marriott-hotel/
Commentary: Cambodia can no longer depend on old drivers of growth
After it graduated from least developed country status in July 2016, Cambodia’s economy has remained healthy with a GDP growth rate of 6.9 per cent in 2017. This was driven by the recovering tourism sector, the ongoing construction boom and the gradual emergence of non-textile ...
Heng Pheakdey
https://www.channelnewsasia.com/news/asiapacific/commentary-cambodia-can-no-longer-depend-on-old-drivers-of-9918992
Massive skyscraper floated again
Prime Minister Hun Sen said yesterday that a 600-metre building would be constructed in Cambodia, though he did not mention specifics and similar projects proposed in the past have stalled before construction. ...
Robin Spiess and Hor Kimsay
http://www.phnompenhpost.com/business/massive-skyscraper-floated-again
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. ...
Business Wire
https://www.businesswire.com/news/home/20180130005036/en/Hunton-Williams-Advises-Commercial-Close-1.8-Billion
Chinese demand drives construction boom in Cambodia
The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...
Prak Chan Thul
https://www.reuters.com/article/cambodia-construction/chinese-demand-drives-construction-boom-in-cambodia-idUSL3N1PB2YA
Vietnamese-funded market on border begins construction
Construction began yesterday on a $2 million Vietnamese-funded market located in Tbong Khmum province’s Memot district, about 1 kilometre from the nearest border crossing between Cambodia and Vietnam. ...
Hor Kimsay
http://www.phnompenhpost.com/business/vietnamese-funded-market-border-begins-construction
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. ...
Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html
Groups prepare for architecture and design exhibition in 2018
Cambodia will have its third architecture and design exhibition in May next year in response to the growing demand for expertly designed structures and beautiful buildings. The exhibition, organised by Thai ICV subsidiary ICVeX and the Cambodian Society of Architects, will revolve around the theme ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/groups-prepare-architecture-and-design-exhibition-2018
Kingdom on track for good 2018, says AMRO
Cambodia’s economic growth is expected to remain stable this year and the next, but structural reforms and a rebalancing of the budget is critical in the medium term to sustain economic growth, the Asean+3 Macroeconomic Research Office (AMRO) said yesterday in a report. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-track-good-2018-says-amro