Estatedia

ECONOMY

Cambodia to have over 200 infrastructure projects for the Logistic Development master plan

PHNOM PENH: The Royal Government of Cambodia has been modernizing its transportation infrastructure and developing a better logistics system to achieve its national development goals of becoming a high-middle-income country by 2030 and a high-income by 2050. On the evening of November 15th, CBRE hosted a workshop “Industry Revolution 2022” with participation from relevant public …

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Construction sector expects to grow 7.8% this year

PHNOM PENH: After addressing global and domestic economic issues, Cambodia’s construction sector is expected to grow by 7.8% in 2022 and 9.8% between 2023 and 2031. According to the report, Cambodia’s construction sector is the fourth pillar sustaining the country’s economic growth, accounting for approximately 11.5% of GDP. According to a Fitch Solution study, the …

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The “Industrial Revolution 2022” for Cambodia & region’s market

PHNOM PENH: The logistic and industrial sector’s role is critical for Cambodia and the region during the pre-and post-covid. Cambodia’s market is full of opportunities but tough and challenging. Today, November 15th, 2022 an event “Industrial Revolution 2022” organized by CBRE occur at Morgan Tower, 46th floor in Phnom Penh aims to provide an updated …

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RCEP to boost region’s trade to $40 billion and $263 billion in the global

PHNOM PENH: According to major international institutions, full implementation of the RCEP will increase trade by approximately $ 40 billion, increasing real income by 2.5 percent among RCEP members. Cambodian Prime Minister Samdech Techo Hun Sen confirmed the figures at the High-Level Forum on the 10th Anniversary of the RCEP agreement and the official announcement …

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Agriculture exports to China earned Cambodia nearly $2 billion

PHNOM PENH: According to the Chinese Embassy in Cambodia, from 2019 to the end of June 2022, Cambodia exported 2.4 million tons of agricultural products to China, earning $1,942 million. Mr. Wang Wentian, Ambassador of the People’s Republic of China to Cambodia, stated during the inauguration ceremony of the export of Cambodian fresh longan to …

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Singapore’s largest agency to triple sale operators in Cambodia

PHNOM PENH: PropNex (Cambodia) Co., Ltd is Singapore’s largest listed full-service real estate agency with headquarters in Phnom Penh, Cambodia currently has 400 freelance agents, and plans for the upcoming year to increase that number to 1000 salespersons. The company’s services provided are project marketing, residential and commercial brokerage, land and investment, property valuation, research …

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