Property News Roundup June 09th, 2022
We’re delighted to share the weekly news highlights below.
- Thai Big C acquires ownership of Kiwi Mart in KH
Thai giant grocery retailer Big C has acquired ownership of Kiwi Mart in Cambodia through its Cambodian subsidy to boost its retail business in neighboring countries. This is according to the Bangkok Post on May 27, 2022.
May 30th, 2022 | Construction Property | Link: https://bit.ly/3PNbKUK
- SSEZ plans to build 2nd phase industrial park to accommodate 300+ factories
Sihanoukville Special Economic Zone is pushing for the construction of the second phase of the industrial park, which can accommodate up to 300 factories.
May 30th, 2022 | Construction Property | Link: https://bit.ly/3POOXb6
- State decides to cut nearly 20,000 ha of land in Tonle Sap Lake for people to enjoy
The Royal Government has decided to adjust the area of Tonle Sap Lake area of nearly 20,000 hectares for cutting and distributing to more than 10,000 families to cultivate rice.
May 30th, 2022 | Construction Property | Link: https://bit.ly/3LXSwIV
- 20% rise in container throughput at PAS
Sihanoukville Autonomous Port (PAS) has recorded a 20 percent rise in container throughput in the first five months of this year compared to the same period last year, indicating that Cambodia’s economy is recovering fast from the pandemic crisis.
May 31st, 2022 | Khmer Times | Link: https://bit.ly/3lSiT8y
- Capital’s third ring road nearly 74% finished
Industry players foresee a major upswing in the transport and logistics sector on the back of Phnom Penh’s under-construction third ring road, now 73.70 per cent completed and scheduled to be finished in the third quarter of 2023.
June 1st, 2022 | Phnom Penh Post | Link: https://bit.ly/38CDY3Q
- New port terminal project phase I to start construction at the end of this year
The first phase of the new container terminal project will begin construction by the end of 2022 to accommodate ships with a capacity of more than 4,000 containers.
June 1st, 2022 | Construction Property | Link: https://bit.ly/38T2L3S
- Gov’t approves nature tourism resort investment project on Koh Sramoch
The Investment Commission of the Council for the Development of Cambodia has approved an investment project on Koh Sramoch in Sihanoukville as a natural resort.
June 1st, 2022 | Construction Property | Link: https://bit.ly/3wiDHLf
- Jan-May CDC approvals $2.66B
The Council for the Development of Cambodia (CDC) on May 31 announced that it had greenlit final registration certificates to four textile-related projects worth a total of about $17 million that are set to create 4,990 jobs.
June 2nd, 2022 | Phnom Penh Post | Link: https://bit.ly/3GIKL8O
- SHV’s third large-scale water treatment plant 50% complete
So far, the third wastewater treatment plant in Sangkat 4, Sihanoukville has been completed 50%. This is according to Preah Sihanouk Provincial Administration on June 2, 2022.
June 3rd, 2022 | Construction Property | Link: https://bit.ly/3aqFRRy
- KH, Germany sign $32M rural energy loan deal
The Cambodian and German governments have signed a €30 million ($32 million) cooperation financing agreement for the Energy Efficiency in Rural Power Supply II Project, which aims to increase access to electricity in rural parts of Siem Reap province.
June 3rd, 2022 | Phnom Penh Post | Link: https://bit.ly/3GGqQam