During a courtesy call on Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet in Tianjin, China this afternoon, on the sidelines of the Shanghai Cooperation Organisation (SCO) Plus Summit 2025, H.E. Jin Liqun, Chair of the Board of Directors and President of the AIIB, said the Bank is pleased to continue supporting Cambodia through key projects.

For his part, Samdech Thipadei Hun Manet welcomed the AIIB’s interest in exploring further cooperation opportunities in Cambodia, while reaffirming that hard infrastructure remains a national priority. He underscored the Royal Government’s ongoing efforts in this sector, citing the construction of the new international airport and the Funan Techo Canal project, both designed to drive industrial and logistics development.

“The main priority of the Royal Government, from previous mandates until now, has been to build quality human capital. In this regard, the Royal Government has launched policies to reform the education system from primary to high school, expand vocational training programmes, and strengthen health infrastructure at all levels, especially grassroots service delivery,” he said.

He further stressed that developing human capital with clear professional skills is a long-term investment essential to meeting the demands of current and future industrial growth.

The Prime Minister encouraged AIIB to continue working closely with the relevant ministries and institutions to expand practical cooperation in Cambodia.

Earlier today, Samdech Thipadei Hun Manet also met with H.E. Wang Huning, Chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC). On the occasion, both sides expressed satisfaction with the steady progress of cooperation between Cambodia and China across all fields.

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The US$60 million project officially broke ground on Feb. 19, 2024, under the presidency of Prime Minister Samdech Moha Borvor Thipadei Hun Manet, and former Chinese Ambassador to Cambodia H.E. Wang Wentian.

The bridge, measuring 845.7 metres in length and 27 metres in width, will connect Khan Meanchey and Khan Chbar Ampov. It also includes 804.3 metres of connecting roads. The project, undertaken by Shanghai Construction (Cambodia) Co., Ltd., is scheduled for completion in 42 months and is funded through a concessional loan from China.

Upon completion, the bridge is expected to significantly ease traffic congestion, particularly on the Preah Monivong Bridges.

The Chak Angre Krom–Prek Pra Bridge will be the eighth bridge spanning rivers in Phnom Penh. The seven existing ones are: Cambodia-Japan Chroy Changvar Friendship Bridge, Cambodia-China Chroy Changvar Friendship Bridge, Preah Monivong Bridge (1), Preah Monivong Bridge (2), Prek Pnov Bridge, Russey Keo cable-stayed Bridge, and Koh Pich-Koh Norea cable-stayed Bridge.

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DPM Samal made these remarks at the opening of the Cambodia-International Construction Industry Exhibition 2024, which showcased a wide range of construction materials, equipment, and machinery from both domestic and international suppliers. The exhibition was attended by numerous industry stakeholders, including developers, contractors, and suppliers.

The Deputy Prime Minister emphasized the importance of aligning the construction industry with the evolving needs of Cambodia’s growing population and economy. Information.gov.kh reports that he encouraged the adoption of modern construction techniques, the use of high-quality materials, and the implementation of stringent safety standards.

Lok Neak Oknha Dr. Pung Kheav Se, President of the Cambodia Constructors Association, expressed his support for the Deputy Prime Minister’s call for modernization. He highlighted the exhibition’s role in facilitating connections between domestic and international businesses, promoting technology transfer, and fostering innovation in the construction sector.

Phnom Penh Governor Khuong Sreng revealed that the capital city has experienced significant growth in recent years, with 448 borey and apartment complexes and 1,848 high-rise buildings currently under construction. The city has also approved 516 new construction projects in the first ten months of 2024, reflecting the strong momentum of the real estate market.

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The first principle focuses on proactive planning, anticipating the city’s needs before they arise. This aligns with the Phnom Penh Master Plan on Land Use 2035, ensuring all development adheres to this long-term vision.

Secondly, the Prime Minister emphasized the importance of adapting construction projects to Cambodia’s evolving economic and social landscape. This ensures the city remains functional and meets the changing needs of its residents.

PM Hun Manet also urged the Phnom Penh administration to embrace modern technologies. He highlighted the use of security cameras, solar lights, and automatic irrigation systems in public parks as examples. These advancements contribute to a more attractive, luxurious, and “smart” city, aligning with ASEAN’s vision.

Environmental concerns were addressed as well. The Prime Minister stressed the importance of increasing green spaces to combat rising temperatures and greenhouse gases.

He also emphasized the need for better drainage and flood prevention infrastructure to safeguard Phnom Penh from flooding and increase its resilience to climate change.

Finally, acknowledging the growing number of vehicles in the city, PM Hun Manet encouraged private companies to invest in modern car parking solutions to address this pressing issue.

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Held at Koh Pich Convention and Exhibition Centre in Phnom Penh, the three-day expo brought together 133 companies from countries across the world, said Oknha Pung Kheav Se, Chairman of Cambodia Constructors Association, the expo’s organizer.

“There are a total of 239 booths displaying more than 1,000 types of construction industry-related products and some 50 types of construction-related services,” he said at the opening ceremony of the expo.

The expo is aimed to seek markets for construction materials, equipment, and machinery, establish partnerships, review past activities, set goals, network, and share experiences, especially give more choices to customers, he said.

H.E. Phara Mongkol, Secretary of State at the Ministry of Land Management, Urban Planning and Construction said the event was a venue for companies to showcase their products and to seek business partners.

“The expo shows the current situation of the Cambodian construction sector and the richness of construction materials and services, both domestic and import, for use in construction and this contributes to boosting the construction sector in Cambodia,” he underlined.

A report from the Ministry of Land Management, Urban Planning, and Construction shows that permits for 2,036 construction projects have been issued in the first seven months of this year, covering some eight million square meters.

The registered construction projects were estimated to have a value of US$2.97 billion, the source said.

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On Tuesday morning, October 10, 2023, at TECHO SEN Institute of Public Works and Transport, H.E. Lau Vann, Secretary of State, and Mr. Wang Peng, First Secretary of the Embassy of the People’s Republic of China in the Kingdom of Cambodia, held a meeting with officers of the Ministry of Public Works and Transport who are planning to attend the training courses.

Eight assigned officers are scheduled to attend the two training sessions from October 11 to 31, 2023.

Four participants will participate in the first training course on “Environmental Conservation and Green Economy” organized by the Faculty of Biotechnology Vocational Training from October 11 to 31, 2023 in Wuhan, Hubei Province.

Separately, 4 other participants will participate in the second training course on “Construction and railways planning for Southeast and South Asia countries” organized by the Training Center of the Ministry of Commerce of China from 18 to 31 October 2023 in Chengdu, Sichuan Province.

China has been a key partner in Cambodia’s development of infrastructure projects for decades, including hydropower projects, railways, and highways.

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During the meeting, Mr. Sorn Seap expressed his enthusiasm for the potential partnership between the Cambodian Valuers and Estate Agents Association and the Cambodia Constructors Association. He stressed that both associations have a significant role to play in the development of the real estate industry in Cambodia and that they should work together to ensure that the sector continues to prosper.

Mr. Seap also highlighted some of the critical challenges facing the industry, such as the need for greater investment in infrastructure and the need to attract more foreign investment. He suggested that by working together, the associations could enhance their collective bargaining power and become more effective advocates for the industry.

Oknha Charles Vann, the Acting President of the Cambodia Constructors Association, echoed Mr. Seap’s sentiments and expressed his eagerness to explore potential areas of collaboration between the two associations. He recognized that the expertise of the Cambodian Valuers and Estate Agents Association would be invaluable in helping his organization to navigate the complex dynamics of the real estate market.

After a productive discussion, the two sides agreed to explore ways in which they could collaborate on projects such as promoting sustainable real estate development, providing affordable housing, and developing new technologies to improve the industry’s efficiency. They also agreed to consult each other on relevant policy matters and to coordinate their activities where possible.

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The Governor’s statement was delivered at the Preah Sihanouk Provincial Administration’s press conference on “5 Years Success” on February 15, 2023, at the Office of the Council of Ministers.

According to the governor, Sihanoukville is a province with strong growth in high-rise buildings, with a total of 1,006 high-rise buildings so far. There were 359 suspended buildings and 89 in the process of being rebuilt after Covid-19 relief.

The Royal Government directed the Ministry of Economy and Finance to consider ways to solve the trouble of stagnant construction, and a working group has been formed to develop a policy to settle this stalemate, which is already underway.

Sihanoukville has 589 high-rise projects from 2018 to 2022, including 263 projects with 5 to 9 floors, 229 projects with 10 to 19 floors, 63 projects with 20 to 29 floors, 28 projects with 30 to 39 floors, and higher than 40 floors for 6 projects.

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According to the report, the total number of projects approved for construction during the period was 3,407, with a total project value of $2,190 million, representing a decrease of 191 projects or 57.2% from the previous year, when there were 3,018 projects.’

According to the Ministry of Economy and Finance, the Cambodian economy is expected to continue its upward trend in 2022, supported by improved global demand, despite the impact of Russia’s and Ukraine’s outbreak of war.

However, Cambodia saw significant growth in the first 11 months of 2022, with foreign trade totaling more than 48 billion US dollars, a 12% increase over the same period in 2021.

Cambodia’s largest trading partner remains China, with a total trade volume of more than $10 billion, a 6% increase. The United States ranks second after China in total trade volume, with Cambodia up 21 percent, followed by Vietnam, Thailand, and Singapore.

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In the third quarter of 2022, banks and microfinance institutions loaned more than $4.6 billion to the construction sector. Bank loans accounted for more than $ 4.2 billion, while microfinance institutions accounted for more than $ 400 million.

According to the report, “credit institutions provided by commercial banks amounted to 17,543.86 billion riels (about 4,200 million US dollars) in the third quarter of 2022, an increase of 19.1% compared to the same period last year.” Similarly, there will be 14,733.44 billion riels in 2021. (about more than 3,500 million dollars).

Microfinance institution loans to the construction sector totaled 1,706.23 billion riels (about $400 million), representing a 35.1% increase over the same period in 2021, which totaled 1262.72 billion riels (about $300 million).

Construction project approvals totaled 1,175 in the third quarter of 2022, an increase of 147 projects, or 14.3 percent, over the same period in 2021. Among them are an increase in residential construction projects, villas, industrial construction, public construction (private sector budget), and other constructions other than commercial and tourism construction.

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