Property News Roundup 23rd December 2024
We’re delighted to share the weekly news highlights below.
- Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group, are set to receive special incentives to stimulate local economic growth and business development.
December 13, 2024 | Construction Property | Link: https://tinyurl.com/2kt7mrm9
- Cambodia’s trade with RCEP countries amounts to $31.36 bln in 11 months
Cambodian Minister of Commerce Cham Nimul said on Friday that the country’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $31.36 billion during the January-November period.
December 14, 2024 | Construction Property | Link: https://tinyurl.com/y3pht7dt
- Rising Debt Concerns in Cambodia’s Real Estate Sector
In a recent roundtable discussion titled “The Debt Situation in Cambodia,” held by the Real Estate and Mortgage Regulatory Authority, significant financial concerns were raised regarding the escalating housing debt in the country.
December 16, 2024 | Construction Property | Link: https://tinyurl.com/4tt2d2de
- Cambodia’s economy will enjoy healthier growth in 2024 despite the downturn in real estate
A government official and experts have said that Cambodia’s economy still enjoyed rosier growth in 2024 despite a downturn in the real estate sector.
December 16, 2024 | Khmer Times | Link: https://tinyurl.com/4wa3rsfr
- ADB says investments in Cambodia for 2024 total $403 mln
The Asian Development Bank (ADB) said on Tuesday that it will invest $403 million in Cambodia in 2024.
December 18, 2024 | Khmer Times | Link: https://tinyurl.com/3xdpxtu8
- PM predicts big things for development of Arey Ksat
Prime Minister Hun Manet has expressed his belief that the city of Arey Ksat will become an industrial and service hub in the near future, with a population that will grow to meet that of the capital Phnom Penh.
December 17, 2024 | The Phnom Penh Post | Link: https://tinyurl.com/y7hr8a8w
- Techo International Airport re-schedule to launch operations in July 2025
The under-construction Techo International Airport (TIA), previously set to launch in the first semester of next year, has been rescheduled to commence officially in July next year.
December 19, 2024 | Khmer Times | Link: https://tinyurl.com/bp8pv8xa
- The Gov’t Temporarily Opens Morodok Techo Flyover’s First Floor Ahead of Khmer New Year 2025
To enhance urban mobility and alleviate traffic congestion in Phnom Penh, the Cambodian government has announced the temporary opening of the first floor of the highly anticipated Morodok Techo Flyover ahead of the Khmer New Year celebrations 2025.
December 18, 2024 | Construction Property | Link: https://tinyurl.com/58v9eynm
- Summit held to promote Cambodia’s Preah Sihanouk province to investors
An investment summit was convened here on Tuesday to promote the potential of Preah Sihanouk coastal province in southwestern Cambodia to investors.
December 18, 2024 | Khmer Times | Link: https://tinyurl.com/ymkh6t3y
- New Kampong Thom cashew factory to boost exports, jobs
The export of processed cashew nuts from Cambodia to international markets is set to rise significantly from early 2025, following the launch of a cashew nut processing factory in Kampong Thom province. Unique Noble Trading Co Ltd, a locally owned company, began construction of the facility.
December 17, 2024 | The Phnom Penh Post | Link: https://tinyurl.com/t2rpf6wn