The launching ceremony was presided over by H.E. Tep Thorn, Secretary of State at the Ministry of Land Management, Urban Planning and Construction, who praised the pioneering project.

He spoke highly of Metra Estate Legacy’s project directly in line with the Royal Government of Cambodia’s policy, through the Ministry of Land Management, to assist middle-income families in gaining access to affordable and quality homes.

“This project provides an important solution for the backbone of our economy – working families who deserve the dignity of homeownership, contribute to achieving the SDG target by providing affordable, quality, and well-located housing for the middle-income segment and improving living standards, H.E. Tep Thorn said in his opening remarks.

This milestone achievement – driven by word-of-mouth, walk-ins, and pre-launch Open House events for Cambodian employees of strategic partners – highlights a major gap in Cambodia’s housing market: the lack of quality, well-located homes at prices affordable to middle-income families, who account for 40 percent of total housing demand yet remain largely underserved.

Mr. Kenn Yeo, CEO of Metra BCCJP Co, Ltd., the developer of Metra Estate Legacy, said the strong take-up of Phase 1A before official launch confirms what industry data has long suggested there is substantial, unmet demand from Cambodia’s working families.

“This project proves that serving Cambodia’s middle-income segment can be both socially impactful and commercially viable,” noted Mr. Yeo. “The multiplier effects construction employment, supplier opportunities, financial sector engagement, and pathways for working Cambodian families to be aware that their combined family income makes homeownership attainable extend far beyond the first cohort of residents of this innovative housing development.”

Metra specifically targets households in the P50-P80 segment families earning average combined household incomes of US$900 to US$1,200 monthly from two or more working adults.

This demographic includes teachers, healthcare workers, government officials, small business owners, factory supervisors, and other professionals who form the backbone of Cambodia’s economy.

According to JICA research, Phnom Penh alone requires approximately 8,000 housing units annually for this segment, with virtually zero quality supply currently available at appropriate price points.

The Sustainable Development Goal 11 (SDG 11) on Sustainable Cities and Communities explicitly addresses the need for adequate, safe, and affordable housing.

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Co-financed by the ASEAN Infrastructure Fund, the Asia–Pacific Climate Finance Fund, the Green Climate Fund, and the United Kingdom through the ASEAN Catalytic Green Finance Facility, the programme aims to provide comprehensive support for the country’s clean energy transition by combining policy reforms with investment projects in new technologies.

According to an ADB’s press release on Oct. 7, the first subprogramme, approved in 2022, introduced pivotal policy measures that guided the energy sector toward a more efficient and renewable development pathway.

Building on this foundation, subprogramme 2 advances regulatory reforms to strengthen the energy efficiency framework and enhance policy clarity to attract private sector investment.

A key milestone under the subprogramme is the introduction of the country’s first set of regulations establishing Minimum Energy Performance Standards for electrical appliances, starting with air conditioners, which account for the largest share of energy consumption in the residential sector.

Subprogramme 2 will also establish an Energy Efficiency Revolving Fund aimed at facilitating access to finance for local small and medium-sized enterprises (SMEs) to invest in energy-efficient technologies.

The revolving fund will be set up through a financial intermediation structure to enable local banks to extend loans to SMEs for energy efficiency investments.

By mobilising domestic financial institutions and supporting SMEs, the revolving fund is expected to accelerate the nationwide scale-up of energy efficiency investments.

“ADB is honoured to support Cambodia in its ambitious and transformative journey in the energy sector. Through a comprehensive reform package, combining policy support with strategic investments, the Energy Transition Sector Development Programme will support turning the government’s ambitious vision into reality,” said ADB Acting Country Director for Cambodia Mr. Anthony Gill.

“This includes the goal of achieving 70 percent renewable energy in the power mix by 2030, along with a strong commitment to advancing energy efficiency, which is essential to ensure that Cambodia’s growth remains both sustainable and affordable,” he added.

Subprogramme 2 will be followed by a third phase in 2027, which will further deepen reforms by expanding the energy efficiency regulatory framework and introducing technical standards for renewable energy, buildings, and industry to further attract private sector investment.

ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.

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The intention was revealed during a meeting between H.E. Dr. Hean Sahib, Advisor to the Prime Minister and Chairman of the Investment Promotion Working Group for the Northeast Provinces, and a senior delegation of the KP Cement Industry Co., Ltd. in Phnom Penh on Aug. 13.

H.E. Dr. Hean Sahib also informed the company’s delegation of a special investment promotion programme in the four northeast provinces, aiming to boost investment in priority sectors through special incentives, preferences, and procedural simplifications.

Officially launched in April, the special investment promotion programme 2025-2028 focuses on key sectors, including agriculture, agro-industry, and tourism in the four northeast provinces, which are Kratie, Stung Treng, Rattanakiri, and Mondulkiri.

The KP Cement Industry Co., Ltd. is a subsidiary of China’s Energy Engineering Group Co., Ltd., headquartered in Beijing, China, with 256 branches in 140 countries, which invests in the energy and infrastructure industries worldwide, with registered assets of approximately US$1 trillion in 2024 and 140,000 employees.

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The conference, a collaborative initiative by the Cambodian Chamber of Commerce in cooperation with the Vietnamese Ministry of Industry and Trade and the Vietnam-Cambodia Business Federation, brought together a substantial gathering of over 200 attendees, including Neak Oknha Kith Meng, President of the Cambodia Chamber of Commerce (CCC) and Chair of the ASEAN Business Advisory Council-Cambodia, who led a delegation from the Cambodian Chamber of Commerce, alongside senior leaders from the Cambodian Ministry of Commerce and numerous Cambodian and Vietnamese business professionals.

The core result of this high-level event was a tangible commitment to strengthen economic ties, promote bilateral trade and investment, and explore broader markets for Cambodian products. This forward-looking agenda was underscored by the setting of ambitious and encouraging goals. Neak Oknha Kith Meng articulated the shared aspiration for the two countries to achieve a total bilateral trade volume of $20 billion in the coming year, signaling a strong intent to build upon recent successes.

Discussions at the conference prominently featured Vietnam’s significant contribution as a major investor in Cambodia. Neak Oknha Kith Meng highlighted that Vietnam stands as one of the top five foreign investors in Cambodia, with over 200 projects worth nearly 3 billion VND spanning critical sectors such as agriculture, telecommunications, banking, finance, food processing, mining, aviation, and tourism.

This substantial investment underscores the deep economic engagement between the two nations. Furthermore, Neak Oknha Kith Meng actively encouraged Vietnamese companies to invest in Cambodia and build on the strong ties and real business initiatives that emerged from the discussions at the conference.

Oknha Leng Rithy, Chairman of the Vietnam–Cambodia Business Association (VCBA), expressed his profound hope for continued robust development. He emphasized that with the close attention and coordination of the governments of both countries, specifically the Vietnamese Ministry of Industry and Trade and the Cambodian Ministry of Commerce, Vietnamese enterprises operating in Cambodia will continue to flourish. This growth, he noted, will contribute positively to the socio-economic development of both countries and further strengthen the traditional friendly relations between Vietnam and Cambodia.

The conference also served as a platform for mutual appreciation and future collaboration. The President of the Vietnam-Cambodia Business Association paid tribute to Neak Oknha Kith Meng, urging him to continue to strengthen ties so that Vietnamese enterprises can invest in Cambodia and Cambodian enterprises can invest in Vietnam to benefit and exploit the strengths of the two countries for mutual development.

Crucially, the conference acknowledged the robust trajectory of bilateral trade. In 2024, the bilateral trade volume between Cambodia and Vietnam significantly increased, reaching more than 10 billion US dollars, a remarkable 53.34% increase compared to the previous year.

This impressive growth provides a solid foundation for achieving the ambitious target for the next few years for the trade volume between the two countries to reach $20 billion, a goal strongly reaffirmed during the conference.

The Vietnam-Cambodia Business Networking Conference 2025 thus concluded with a clear roadmap for enhanced economic cooperation and a strong sense of optimism for the future of bilateral trade and investment.

The post Vietnam-Cambodia Business Networking 2025: Outcomes and Future Growth first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Oknha Charles Van, Managing Director of Cambodia Airport Investment Co., Ltd. (CAIC), reported that the airport, located in Takhmao City, is over 96% complete and scheduled to open on September 9th. The official inauguration ceremony, under the patronage of His Excellency Samdech Thip Dee Hun Sen, Prime Minister of Cambodia, is slated for October 20, 2025.

Techo International Airport spans over 2,600 hectares and is classified as an F4-class airport, capable of accommodating large aircraft like the Airbus A380 and Boeing 747. Its first phase is designed to handle up to 13 million passengers annually.

Numerous officials, delegations from various institutions, and both national and international journalists have toured the airport. Visitors have consistently praised the new airport’s luxurious features and appeal, expressing surprise at Cambodia’s significant investment in such a high-class facility.

Located on an area of more than 2,600 hectares in Prek Sleng commune, Kandal Stung district and Takhmao city, Kandal province, and parts of Bati district, Takeo province, the F4-class Techo International Airport can accommodate large aircrafts such as the Airbus A380 and Boeing 747, and handle up to 13 million passengers per year in the first phase.

The second phase, to be completed in 2030, can accommodate approximately 30 million passengers per year; and the final phase, to be finished in 2050, can handle up to 50 million passengers per year.

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PHNOM PENH: As of May 23, 2025, a wave of innovation is sweeping through Cambodia’s real estate sector, spearheaded by the promising startup 24H.rentals. This emerging platform is a testament to the powerful synergy between advanced AI Technology and the inherent dynamism and optimistic outlook of the Cambodian Market.

The driving force behind this revolution, 24H Synergy (Cambodia) Co., Ltd., recently hosted a pivotal meeting in collaboration with the Yuttaka Law Office, gathering key stakeholders including business owners, real estate agents, and international partners from Burma and Thailand. The discussions centered on “Real Estate Technology and Legal Protection for the Real Estate Sector,” underscoring a commitment to modernizing the Kingdom’s property landscape.

Ms. Prak Soly, General Manager of 24H Synergy (Cambodia) Co., Ltd., introduced 24H.rentals as the embodiment of their forward-thinking vision. She highlighted the unique confluence of “real estate experts, legal experts and technology experts” at the event, all contributing to the understanding of how AI Technology is reshaping industries. “If we are not up to date with technology, we will face many problems, especially in the competitive market,” Ms. Soly stated, emphasizing the strategic imperative that led 24H Synergy (Cambodia) Co., Ltd. to collaborate with a Singaporean technology firm to develop 24H.rentals. This strategic move positions the startup to empower real estate professionals within the vibrant Cambodian Market with cutting-edge digital tools.

At its core, 24H.rentals functions as a pioneering real estate startup built on the backbone of AI Technology. It offers a comprehensive suite of solutions specifically designed to enhance the capabilities of real estate agents operating in the Cambodian Market. These AI-powered features include 24-hour customer response assistance, automated support for arranging property viewings when agents are unavailable, and the provision of a free AI Chatbot. Beyond these immediate benefits, the platform also integrates free rental and property management systems, significantly streamlining operational workflows and boosting efficiency.

A landmark achievement for the Cambodian real estate industry is the implementation of the nation’s first automatic commission management and distribution system for real estate agents by 24H Synergy (Cambodia) Co., Ltd. Ms. Soly provided strong assurance to agents, stating unequivocally, “All real estate agents will no longer worry about losing guests, losing commissions or lose other benefits.” She further elaborated on this system, describing it as “an ecosystem that records customers and distributes commissions to relevant individuals without losing benefits,” complemented by an automatic customer management system. This transparent and automated approach, delivered by the startup, is set to revolutionize how business is conducted, fostering greater trust and contributing to the overall optimism pervading the Cambodian Market.

This embrace of AI Technology by 24H.rentals marks a “new revolution in the real estate rental sector,” promising immense value for agents and a significantly improved experience for customers seeking rental properties across Cambodia. Users can anticipate an experience characterized by “easy, rich properties, all prices, all locations, good customer service, high confidence, accurate and clear real estate information.” To further catalyze adoption within the Cambodian Market, every new registration on the 24H.rentals Platform receives a $10 incentive, directly applicable towards rental services.

Ms. Prak Soly extended a compelling invitation to all real estate agents to join the rapidly expanding 24H.rentals community. She highlighted the platform’s extensive database of “thousands of properties for rent” and the promise of robust technical support, proactive customer feedback mechanisms, and direct assistance with property viewings, all designed to substantially boost agents’ income. This initiative, she noted, also aligns perfectly with broader national efforts to “promote national economic growth,” demonstrating the startup’s integral role in the wider prosperity of the Cambodian Market.

The event’s positive reception extended internationally, with Mr. Win Moe Kyaw, a distinguished real estate expert from Burma, expressing profound interest and satisfaction with 24H Synergy (Cambodia) Co., Ltd. He lauded the company as an “ecological company that provides support for real estate investments, legal assistance, and financial and tax consulting.” His enthusiastic call for investors in Burma to explore the “full of opportunities and potential” that the Kingdom of Cambodia presents further solidified the optimistic outlook for the Cambodian Market, now confidently propelled by the innovative AI Technology championed by startups like 24H.rentals.

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Prime Minister Hun Manet expressed immense pride in this transformation during the inauguration of the new Conch KT Cement (Phnom Penh) Co., Ltd. factory in Kampong Speu province. He recalled that prior to 2007, Cambodia was entirely dependent on cement imports from countries like Thailand, Vietnam, Indonesia, and the Philippines.

Today, Cambodia boasts six operational cement plants that fully meet domestic demand. The country has also taken its first steps into international markets, with over 30,000 tonnes of cement exported to Thailand in 2024.

Prime Minister Hun Manet urged the Ministry of Mines and Energy and the Cambodian Cement Manufacturers Association to actively intensify efforts to explore additional international markets for Cambodian cement. He also advised the ministry to carefully assess proposals for limiting new cement licenses. This strategic approach aims to maintain a competitive market environment and prevent potential business setbacks within the industry.

Cambodia’s six current cement plants — Kampot Cement, Cambodia Cement Chakrey Ting, Chip Mong Insee Cement, Battambang Conch Cement, Thai Bun Rong Cement, and Conch KT Cement — represent a substantial investment of approximately US$1.11 billion. Together, they boast an impressive annual production capacity of around 11 million tonnes.

According to H.E. Keo Rottanak, Minister of Mines and Energy, three additional cement plants are currently under construction in Kampot, Battambang, and Kratie provinces. Once completed, these new facilities are projected to add another 5 million tonnes to the country’s annual capacity.

The newly inaugurated Conch KT Cement (Phnom Penh) Co., Ltd. factory in Oral district, Kampong Speu province, is a significant addition to this growth. With an investment of US$250 million, the plant has an annual production capacity of approximately 2.2 million tonnes of cement. It is expected to create 450 direct jobs and around 1,000 indirect jobs.

This new facility marks the second major cement investment by the Conch Group in Cambodia. Their first venture, Battambang Conch Cement Co., Ltd., a joint venture inaugurated in 2018, has an annual production capacity of 2 million tonnes.

Prime Minister Hun Manet emphasized that this new factory would significantly boost Cambodia’s cement production, ensuring the country continues to meet its domestic needs. To further support the construction sector and lower the cost of local cement, the Premier also announced a five-year extension of tax exemptions for cement factories.

Cambodia’s journey from cement importer to emerging exporter is a testament to its robust economic development and strategic industrial planning.

The post Cambodia Transforms Cement Industry Now Meeting Local Demand and Exporting first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The first quarter of 2025 data indicates that the supply stood at over 1.1 million square meters at the close of 2024 and is projected to grow to 1.38 million square meters by year-end. This quarter alone saw an approximate 6 percent increase in available office space.

The CBRE report also highlighted the prevalence of supplementary office buildings, followed by C-Grade and B-Grade options, while A-Grade properties remain the least common. Notably, rental costs have shown little fluctuation in recent years.

Grade A offices are holding steady at around $25 per square meter, consistent with 2024 figures. Grade B spaces range from $20 to $22 per square meter, and Grade C offices are priced between $10 and $15 per square meter.

Interestingly, the demand for office space in Phnom Penh is primarily concentrated in the Grade B and C categories. Their affordability makes them attractive to new businesses, whereas Grade A offices typically cater to larger corporations, international companies, and representatives of significant global organizations.

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The announcement was made by Prime Minister Samdech Moha Borvor Thipadei Hun Manet while presiding over a ceremony marking the 80th anniversary of the National Police of Cambodia (May 16, 1945 – May 16, 2025), held this morning at the Police Academy of Cambodia in Kean Svay district, Kandal province.

The Premier’s remarks came in response to recent social media speculation suggesting the airport would be sold to a private company following the transfer of its operations to the new Techo International Airport in July this year.

“The land of Phnom Penh International Airport has always belonged to the state and continues to do so,” he stated. “SCA (Cambodia Airports) held only the rights to operate the airport, while ownership remains with the government.”

Samdech Thipadei also stressed that any development on the airport land must adhere to three key principles: preserving its historical value, serving the public interest, and ensuring it remains government property.

According to the State Secretariat of Civil Aviation (SSCA), Phnom Penh International Airport, currently operated by Cambodia Airports, will officially cease operations at midnight on July 9, 2025. All flights and services will transition to the new Techo International Airport.

Located approximately 20 kilometers south of Phnom Penh and spanning parts of Kandal and Takeo provinces, Techo International Airport covers an area of 2,600 hectares. Its first phase is designed to handle over 15 million passengers annually.

The Cambodian government holds a 10 percent stake in the new airport through the SSCA, while the remaining 90 percent is owned by the local conglomerate Overseas Cambodian Investment Corporation (OCIC).

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The impressive 17-story hotel, boasting nearly 200 rooms equipped with modern amenities, a swimming pool, a conference hall, and a ballroom, is strategically located in the heart of Sihanoukville city. Its arrival is anticipated to be a significant boost for the region as it gears up to welcome international tourists for the upcoming Green Season.

Speaking at the inauguration, H.E. Minister HUOT Hak expressed his sincere appreciation to the Germany-based TUI BLUE Hotels & Resorts for their strategic investment in Cambodia’s thriving tourism sector. He highlighted the nation’s tourism potential, coupled with its complete peace, political stability, and well-maintained public order, emphasizing the significant incentives and support provided by the Royal Government.

Mr. Artur Gerber, CEO of TUI BLUE HOTELS & RESORTS, conveyed his deep gratitude for the distinguished guests who attended the grand opening. He affirmed that the TUI BLUE SIHANOUKVILLE is just the first of many planned investment projects for the company in Cambodia.

Mr. Gerber cited Cambodia’s “diamond-like tourism potential” and vibrant culture as key factors in their decision, alongside the strong cooperation from stakeholders and the favorable policies of the Royal Government. He also noted that this opening was a direct result of productive discussions held with H.E. the Minister during Cambodia’s participation in the Berlin International Travel Fair in early March 2025.

TUI BLUE HOTELS & RESORTS is a prominent German tourism service provider with a vast portfolio of over 400 popular hotels and resorts worldwide, encompassing more than 10 renowned brands. Their entry into the Cambodian market signifies a strong vote of confidence in the country’s tourism future and promises to elevate the quality of accommodation available to international visitors.

The opening of TUI BLUE SIHANOUKVILLE is expected to create employment opportunities and contribute significantly to the local economy as Sihanoukville positions itself as a premier destination for the Green Season.

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