Property News Roundup July 17th, 2023
We’re delighted to share the weekly news highlights below.
- Int’l airports welcome 2.48M passengers in H1
The international airports in Phnom Penh, Siem Reap, and Sihanoukville welcomed a combined 2.48 million passengers in the first half of this year, a staggering 270 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said.
July 10, 2023 | Khmer Times | Link: https://bit.ly/3XM2apG
- New SR International Airport nears completion, set to open in October 2023
As the construction of the new Siem Reap International Airport nears completion, reaching an impressive 98%, aviation officials have announced that the airport is on track to open its doors to the public in October 2023.
July 10, 2023 | Construction Property | Link: https://bit.ly/43mFtt8
- Two island projects worth $37.7M okayed in H1
Cambodia “received” two new island tourism investment projects with total registered capital of $37.7 million in the first half (H1) of 2023, as the government targets 4.4 million international visitors and 16 million domestic trips by locals for the entire year, according to Ministry of Tourism permanent secretary of state Tith Chantha.
July 11, 2023 | Phnom Penh Post | Link: https://bit.ly/3O5xNHs
- The Techo International Airport is 50%+ completed while the connecting road is 46% completed
As of June 2023, the airport construction has surpassed the halfway mark, standing at an impressive 50 percent completion. Concurrently, the connecting road, spanning 13.5 kilometers and measuring 60 meters in width, has reached 46 percent completion, according to the latest report from the State Secretariat of Civil Aviation.
July 11, 2023 | Construction Property | Link: https://bit.ly/3Y0rU1H
- Construction of Monivong Flyover Pillars 25% Complete
The Monivong flyover construction project has reached a significant milestone, with approximately 25% of the work completed as of July 11.
July 12, 2023 | Construction Property | Link: https://bit.ly/3D7FxT5
- CDC okays 113 projects worth $1.1B in first half
The Council for the Development of Cambodia (CDC) has announced that it approved 113 new investment and expansion projects with combined registered capital of about $1.1 billion in the first half of the year, of which 65.38 per cent came from Chinese investors.
July 12, 2023 | Phnom Penh Post | Link: https://bit.ly/44AGi3b
- The Gov’t allocates 13 ha+ in Boeung Ta Mok for private development
Cambodia’s government has recently granted an allocation of over 13 hectares of prime land in Boeung Ta Mok (Boeung Kob Srov) to Mr. Lahn Pheara.
July 13, 2023 | Construction Property | Link: https://bit.ly/3rv8vte
- Ford plant assembles 3K units, tipped to start producing parts
The Ford assembly plant in Pursat province’s easternmost district of Krakor has produced a total of approximately 3,000 Ranger pickup trucks and Everest SUVs (sport utility vehicles) in about a year of operation, exclusively for the Cambodian market.
July 13, 2023 | Phnom Penh Post | Link: https://bit.ly/3Q2iwbw
- Iron, steel imports edge up 3.5% in H1
Cambodia spent $192.280 million on imports of “iron and steel” in the first half (H1) of 2023, rising by 3.51 per cent from $185.764 million in 2022H1 as well as by 10.47 per cent from $174.1 million in 2022H2, despite a nine per cent on-year drop last month, according to provisional Customs (GDCE) data compiled in “International Merchandise Trade Statistics” bulletins.
July 14, 2023 | Phnom Penh Post | Link: https://bit.ly/3DaTrDO
- Two world-class hotels to open in Sihanoukville 2023
Two world-class hotels are scheduled to open in Sihanoukville in the fourth quarter of 2023, said Long Dimanche, deputy governor of Sihanoukville.
July 14, 2023 | Khmer Times | Link: https://bit.ly/43vHnaN