📺 Cambodia Construction and Property News #Week67 (ព័ត៍មានសំណង់និងអចលនទ្រព្យប្រចាំសប្តាហ៍)

📺 Cambodia Construction and Property News #Week67 (ព័ត៍មានសំណង់និងអចលនទ្រព្យប្រចាំសប្តាហ៍)


Phnom Penh-Sihanouk expressway more than 7% completed PM supports smart LED lampposts by Japanese firm for Sihanoukville 10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’ Poipet PPSEZ Opens Officially Chinese enterprises in the construction saw a surge at the CCA 2019 expo Phnom Penh-Sihanouk expressway more than 7% completed The US$2 billion Construction of express way linking the capital Phnom Penh to
Sihanoukville province is now 7.3% completed, according to the Ministry of Public Works and Transport. The project of 190 kilometres is being built by Cambodian PPSHV Expressway Co., Ltd with Minconsult Sdn. Bhd as the consultancy firm, which taking place about 48 months. This is the Cambodia’s first express way, which will expand across five provinces. According to H.E Sun Chanthol, Senior Minister and Minister
of the Ministry of Public Works and Transport, the project is expected to be completed in September 2022, in time before Cambodia hosts the 2023 SEA Game. PM supports smart LED lampposts by Japanese firm for Sihanoukville Prime Minister Samdech Techo Hun Sen has expressed his support for a Japanese firm to install smart LED lampposts in Sihanoukville province after the installation in Phnom Penh and Siem Reap. On 11 December, Samdech Techo Hun Sen and Yoshihisa Kainuma, director of Minebea where the firm reported on its investment progress in Cambodia. The firm reported that it has invested about US$400 million in Cambodia which includes the production of 6,892 smart LED lampposts that it manufactured and installed in Phnom Penh and Siem Reap. In response, Samdech, on the Prime Minister Facebook post wrote, “Cambodia has three poles namely Phnom Penh, Siem Reap, and Sihanoukville, meaning, we need to use smart LED lampposts in Sihanoukville too. He also added that it is to reduce electricity usage, help the environment, and encourage firms that manufacture
the lampposts in Cambodia. 10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’ The Ministry of Tourism is currently drafting a 10-year master plan
that will transform the coastal province of Kep into a ‘relaxation and high-end tourist destination’. On 11 December, Kep provincial administration organized a meeting to discuss the strategy for the tourism master plan for Kep to become a‘relaxation and high-end tourist destination’ in 2020-2030. Tourism Ministry spokesperson Mr Chuk Chumnor previously previously told that Kep will be designated for quiet tourism, a place for relaxation, for healthy tourism and not for mass tourism. Poipet PPSEZ Opens Officially The Poipet PP Special Economic Zone, a wholly-owned subsidiary
of the Phnom Penh​ Special Economic Zone, was officially opened for operation on 9 December in Poipet city, Banteay Meanchey province. The opening ceremony was officiated by H.E. Sok Chandasophea, Secretary General of the Council for the Development of Cambodia (CDC) and Japanese ambassador to Cambodia H.E. Masahiro Mikami. H.E. Sok Chandasophea said that the operation of this special economic zone zone is part of the government vision to deploy factories​ along the border line and that the investment by the Japanese firm in the zone
contributes to developing the industrial sector and in particular generates jobs for Cambodian people. It also transforms Poipet city to an industrial zone
and a city with development in all fields. H.E. Masahiro Mikami said that the SEZ will attract more Japanese investments. Currently, Poipet city has are 3 special economic zones
with 17 factories which offer 500 jobs. Chinese enterprises in the construction saw a surge at the CCA 2019 expo Cambodia’s largest annual construction industry exhibition in 2019, which organized by the Cambodian Constructors Association, had showcased more than 1,000 products from 350 booths
of around 207 local and international companies, with Chinese enterprises growing significantly. Prominent businessman and Chairmen of CCA Neak Oknha Pung Keav He said during the event that Chinese enterprise has seen a sharp
increase compared to the previous year and the participation in the exhibition shows a positive
sign for the construction industry. He added that more Chinese firms mean more products and technology available in the market plus prices are quite competitive,
making construction cost lesser but with better quality. Additionally, Xu Ningning, Executive President of China-ASEAN Business Council, said Cambodia is having a high demand for building materials, building materials machinery and construction machinery. He also revealed that Chinese enterprises invested US$2.87 billion in the construction industry of Cambodia, ranking
the first among foreign investments.

Leave a Reply

Your email address will not be published. Required fields are marked *