News
Eviction worry delays Phnom Penh mega project
The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...
Study Begins for Underpass on Russian Boulevard
The Overseas Cambodian Investment Corporation (OCIC) is conducting a feasibility study to construct a 272-meter-long underpass that will run beneath the intersection of Phnom Penh’s Russian Boulevard and Monivong Boulevard, City Hall announced on its website Friday. “It’s a new plan and another solution to ...
Construction material imports on the increase
A return to work on larger construction projects in Cambodia is leading to an increase in the impartation of construction materials, experts said yesterday. Cambodia’s construction materials are generally imported from China, Vietnam and Thailand, and also as far afield as Europe, said Khuon Savuth, Statistics ...
Luxury Projects Set for Olympic Stadium Area
Government approval has been granted to the Overseas Cambodia Investment Corporation (OCIC) for the development of high-end condominiums, a hotel, shopping mall and more on the land surrounding the Olympic Stadium in Phnom Penh. OCIC is in the process of obtaining a 99 year lease ...