Real estate challenges likely in ‘24 | Phnom Penh Post
Oct 17, 2023 · Prime retail podium rentals were priced at $19.2, down 1.4%, while prime high street rentals averaged $25.5, marking a 13.3% increase. The average occupancy rate in Q3 stood at approximately two-thirds of the total market space, representing a nearly 3% decline from Q2 2023. Cambodian real estate: Late 2023 and early 2024 outlook.
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HGB Motors enters car assembly arena with $7M Poipet investment
Sep 22, 2021 · HGB Motors Assembly Co Ltd is investing about $7 million in a car assembly plant in Poipet town, Banteay Meanchey province. The Council for the Development of Cambodia (CDC) on September 21 issued a final registration certificate for the facility, which is expected to create 165 jobs and is located in Poipet PP Special Economic Zone of the northwestern town on the Thai border.
SSEZ boosts Kingdom’s growth | Phnom Penh Post
The zone witnessed a significant expansion in trade in 2023, achieving over $3.3 billion, an increase of more than 33% year-on-year. The 11.13sq km SSEZ – the Kingdom’s largest industrial park in terms of size and occupancy – recently reported that the combined export-import value of all factories and enterprises in the zone amounted to ...
National Road 48 project set to break ground | Phnom Penh Post
Aug 24, 2021 · The National Road 48 reconstruction and improvement project, which connects the coastal provinces of Preah Sihanouk and Koh Kong, will break ground at the beginning of November with a budget of more than $78 million under concessional financing from South Korea. According to Minister of Public Works and Transport Sun Chanthol, the construction ...
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Over 16,000 mobilised for security, safety at Water Festival. A mixed force of more than 16,000 personnel will be deployed to ensure security, order and safety during the Water Festival
70% green energy by 2030: Gov’t | Phnom Penh Post
Dec 14, 2023 · Hong Menea. Cambodia aims to increase its renewable energy share to at least 70% by 2030, contributing to environmental goals and economic growth, with a particular focus on energy efficiency. Minister of Mines and Energy Keo Rattanak emphasised at a recent press conference that eco-friendly sources like solar, wind, hydro and biomass will ...
Cambodia pivots to solar, wind energy | Phnom Penh Post
Oct 29, 2023 · The nation’s electricity access surged from a rate of 34% in 2010 to 98% by 2022. “Cambodia’s reliance on electricity imports remains high, with 25% of its power in 2019 coming from neighbouring countries such as Laos, Vietnam and Thailand. Meanwhile, electricity demand peaked in 2022, with an approximate 16% annual growth rate,” ACE noted.
Phnom Penh’s 2035 master plan in minimal use
Termed “Phnom Penh Land Use for 2035”, the master plan – originally a 330-page document funded by the French Embassy, titled Livre Blanc, and belatedly approved after eight years – was conveniently summarised into a 35-page document in Khmer that was released to the public at the end of 2015. “We had to write it in Khmer as a sub ...
Gas One aims to pipe into demand for LPG | Phnom Penh Post
A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday. The firm, which launches today, is a subsidiary of Japanese energy firm Saisan Co Ltd, which operates ...