Property News Roundup 9th September 2024
We’re delighted to share the weekly news highlights below.
- The Phnom Penh-Bavet Expressway, a key contender in the Road and Highway Project in 2024 Going Digital Awards
The Phnom Penh-Bavet Expressway Project, a key infrastructure initiative stretching 138 kilometers through Cambodia, has been shortlisted for the prestigious Going Digital Awards at the 2024 Year in Infrastructure Event, underscoring its innovative use of digital technology and engineering prowess.
August 31, 2024 | Construction Property | Link: https://tinyurl.com/bddpkfpy
- The Gov’t Establishes Kampong Som Municipality by Reallocating Five Communes from Prey Nob District
The Cambodian government has announced the formation of Kampong Som Municipality in Sihanoukville Province by reassigning five communes from Prey Nob District, including Ream, Bit Trang, O’Oknha Heng, Boeung Ta Prohm, and O’Chrov.
August 31, 2024 | Construction Property | Link: https://tinyurl.com/5s3cc2r3
- Cambodia sees 8% drop in construction investment in H1
Cambodia’s construction sector attracted $2.53 billion of investment in the first half of this year, down 8% over the same period last year, a government report said.
September 01, 2024 | Khmer Times | Link: https://tinyurl.com/v83re9dd
- China Continues to Top Table of Foreign Investment in Cambodia
China continues to be the leading direct investor in Cambodia, while European countries and the United States remain at the lower end of the list, with a socio-economic expert cautioning that this could create an imbalance in the nation’s trade and political relations with the two major powers.
September 01, 2024 | KiriPost | Link: https://tinyurl.com/5d9u4b2c
- Techo International Airport construction reaches 80%, inauguration set for mid-2025
At the end of July, the construction of Techo International Airport has reached over 80% completion, with a total investment of approximately $1.2 billion. The project is on schedule to be completed by the end of the year.
September 03, 2024 | Khmer Times | Link: https://tinyurl.com/3d6f7px2
- 27 projects worth $306 million get incentives in Preah Sihanouk
With this, the number of projects eligible under the special investment promotion program soared to 110. Another 27 projects worth $306 million in investments received approval for incentives recently under the ‘Special Investment Promotion Program for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet.
September 04, 2024 | Khmer Times | Link: https://tinyurl.com/jzankney
- $2M Mekong-Lancang Fund to Support Eight Key Projects in Cambodia
Cambodia and China are gearing up to ink a $2 million deal under the Mekong-Lancang Cooperation (MLC) Special Fund 2024 to fund eight projects that span tourism and mine action, to rural development and capacity building.
September 04, 2024 | KiriPost | Link: https://tinyurl.com/a6sy8b3y
- US envoy optimistic about further American investment in Cambodia
The Chargé d’Affaires of the US Embassy in the Kingdom of Cambodia Bridgette L Walker, expressed her optimism about Cambodia’s efforts to attract investors and wished the Council for the Development of Cambodia (CDC) success in its future mission in the United States.
September 04, 2024 | Khmer Times | Link: https://tinyurl.com/j2ktp5m2
- Siem Reap Airport investment company plans to invest in power generation zone
Angkor International Airport Investment (Cambodia) Co., Ltd. (AIAI), an investment development company in Siem Reap Angkor International Airport, has unveiled its plan to invest in a special energy zone.
September 05, 2024 | Construction Property | Link: https://tinyurl.com/53weshct
- The government spends US$200 million to complete the construction of a 1,300-km border road
The head of the Royal Government of Cambodia has approved a budget of US$ 200 million for the construction of a 1,300-kilometer road along the border with neighboring countries -Thailand, Laos and Vietnam, which will take 10 years to build.
September 05, 2024 | Construction Property | Link: https://tinyurl.com/499w5fbc