Estatedia

INVESTMENT

Japan to loan another $380 million for a new port project

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PHNOM PENH: The Japanese government has provided a US$383.22 million concessional loan to implement the new container port development project at Sihanoukville Port Phase 1. A concessional loan agreement amount of 41.288 billion yen (approximately 383.22 million US dollars) was signed by Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation of …

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19 islands development and a submarine cable network project coming to Sihaknoukville

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PHNOM PENH: The Royal Government has approved the investment of 23 companies in 19 of Sihanoukville’s 32 islands to develop as a tourist area, with hotels and other resorts to attract either domestic or international visitors. Sihanoukville has 32 islands, according to Mr. Kong Vithanak, Deputy Governor of Preah Sihanouk Province. Sihanoukville sangkat  has five …

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The 3rd Ring Road reached 76.87% to complete by next September

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PHNOM PENH: The third ring road (National Road No. 4 – National Road No. 2) has reached 76.87 percent of its total length and is scheduled to complete in early September 2023. According to the Project Implementation Unit’s (PIU) Third Ring Road progress report, 72.46 percent of the road work is completed, 69.90 percent of …

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19 islands development and a submarine cable network project coming to Sihaknoukville

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PHNOM PENH: Cambodia has now received a large number of Vietnamese investors, according to Samdech Techo Hun Sen, the head of the Royal Government of Cambodia.​ Vietnam is a major market for Cambodian agricultural exports, with the two countries’ trade volume exceeding $10 billion. On August 2, 2022, Cambodian Prime Minister Samdech Techo Hun Sen …

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Foreigners make up 70% of the country’s condo developers

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According to Mr. Chrek Soknim, president of the Cambodian Valuers and Estate Agents Association (CVEA), approximately 70% of condominium developers in Cambodia today are foreign investors, particularly Chinese investors. He added that the development of condo projects in Cambodia is based on two main markets: the market for real estate developers, or so-called condo builders, and the market for …

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Singapore Investment reached $1.5 billion in H1

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PHNOM PENH: Singaporean firms had invested in 127 projects in Cambodia as of June 2022, totaling approximately US $ 1.53 billion in real estate, tourism, manufacturing, infrastructure, and other sectors. This is according to a report issued by Cambodia’s Council for Development on July 26, 2022. Singapore’s Ambassador to Cambodia Teo Lay Cheng stated via …

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