πŸ“Ί Cambodia Construction and Property News #Week65 (αž–αŸαžαŸαž˜αžΆαž“αžŸαŸ†αžŽαž„αŸ‹αž“αž·αž„αž’αž…αž›αž“αž‘αŸ’αžšαž–αŸ’αž™αž”αŸ’αžšαž…αžΆαŸ†αžŸαž”αŸ’αžαžΆαž αŸ)


South of Phnom Penh will soon become green city and high-end commercial center Labor Ministry and SCG launch 2nd National Contractor Competition to upskill local builders Germany finances US$74 million for developing kingdom’s rural infrastructure 35 major Chinese companies are interested in investing in Kampong Speu A 69-storey condominium starts construction in Phnom Penh South of Phnom Penh will soon become green city and high-end commercial center The Phnom Penh city hall master plan has designated the area south of the capital to be developed into a green city and the most
important high-end commercial centre in 15 years. Moreover, Phnom Penh Municipality and the city of Paris conducted a study for a master plan on urban
development in the southern part of Phnom Penh. Meat Measpheakdey, the spokesman at Phnom Penh Municipality, told that the technical team from Paris mainly aimed to map the locations of major infrastructure such as roads, sewage systems, the interconnection of roads, mapping green
space areas, and preparing for future infrastructure. As the southern part will be the most modern of the city in the future, the land in that area is very expensive, especially along Hun Sen Boulevard. SCG, Labor Ministry Launch 2nd National Contractor
Competition to Upskill Local Builders SCG, an ASEAN leading conglomerate, today kicked off the second SCG National Contractor Competition in collaboration
with Cambodia’s ministry of labor and vocational training to strengthen builders’ skills, while construction sector in Cambodia is rapidly growing. Some 40 contractors joined the national competition by competing skills skills in cement plastering, and roofing, and making
use of SmartBoard and SmartWood. Mr. Wirot Phanitphotchamarn, SCG general manager for sales and marketing, said the competition is to improve Cambodian contractors’ craftsmanship and quality of construction industry in Cambodia. At the opening ceremony, Mr. Lao Him, undersecretary of state of the ministry of labor and vocational training, said the development of the technical and vocational education and training sector required
support and participation from the private sector He also added that this competition contributes to
the achievement of the national policy goals for poverty reduction through skills training, job creation,
improved productivity and improved income. Germany finances US$74 million for developing kingdom’s rural infrastructure Germany has provided approximately US$74 million for the development of rural power supply projects and rural roads in Cambodia. H.E Aun Pornmoniroth, Minister of Economy and Finance signed the two agreements with German Ambassador Christian Berger. German financing will help meet national development plans focused on four priority sectors; people, road, power and water, the Minister added. According to a report by the Council for the Development of Cambodia, 87% of rural households still do not have access to electricity. Also, Electricité du Cambodge (EDC) aims to provide 100% of
electricity to all villages across the country by 2020. Thirty-five major Chinese companies are interested in investing in Kampong Speu Kampong Speu provincial administration said on November 27 that 35 large companies from China were interested in investing in its province. The Provincial Governor, Vei Samnang met with the representatives of companies who came to explore the investment opportunities in the province, and told them about the potential of the province. The governor also asked Chinese investors to see
some potential field in the province such as: agriculture, industry, and commercial sector, the source added. But the provincial administration did not say exactly
what sectors the 35 major companies want to invest. A 69-storey condominium starts construction in Phnom Penh Chinese construction company, Morgan Ford, has invested US$ 600 million to build a 69-storey skyscraper named Morgan En Maison
in Chroychangvar district. Ding Yongjun, managing director of Morgan Ford revealed that this condominium building with 220 meters high, has five U-shaped units on a total of 2.4 hectares. All the buildings have a total floor area of more than 400,000 square meters, and the building is expected to be completed in 2022. H.E Hor Namhong, Deputy Prime Minister, said that the construction of skyscrapers in Phnom Penh is a contribution
to the development of the construction To add, Morgan En Maison will become one of the tallest buildings in Cambodia.

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