๐Ÿ“บ Cambodia Construction and Property News(แž–แŸแžแŸแž˜แžถแž“แžŸแŸ†แžŽแž„แŸ‹แž“แžทแž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž…แžถแŸ†แžŸแž”แŸ’แžแžถแž แŸ) 07 September 2019
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๐Ÿ“บ Cambodia Construction and Property News(แž–แŸแžแŸแž˜แžถแž“แžŸแŸ†แžŽแž„แŸ‹แž“แžทแž„แžขแž…แž›แž“แž‘แŸ’แžšแž–แŸ’แž™แž”แŸ’แžšแž…แžถแŸ†แžŸแž”แŸ’แžแžถแž แŸ) 07 September 2019


Hello, welcome to Construction & Property weekly news. Every week, we bring hot news regarding
construction and property in Cambodia to you. With no further delay,
let’s go to the news contents of this week. Council of Ministers endorses draft of construction law Ministry of Tourism to designate Koh Seh as special tourist
destination Deal signed for ‘Dragon City’ development in ING City International firms eye waste-to-energy plant in Sihanoukville Comin Khmere installs the first floating solar panels in
Kampot province Council of Ministers endorses draft of construction law The draft Construction Law was approved by
the Council of the Minister on 30 August after the legislation had been compiled and discussed for input
since 2017. H.E Phay Siphan, spokesman at the Council of the Ministers,
said that the construction law comes in response to the booming
construction sector which needs to strengthen processes and operations, particularly among relevant stakeholders, and only a few words in article 3 was sent for correction. Figures from the Ministry of Land Management show that Cambodia’s construction sector attracted a total investment of
US$4.56 billion in the first seven months of 2019, with 2,572 construction projects granted. Composed of 22 chapters and 113 articles, the draft law will be submitted to the
National Assembly for checking and discussion before being put into the agenda for
the NA meeting to check and approve. The recently established 23 working groups from the
Ministry of Land Management Urban Planning and Construction have so far inspected more than 500 construction sites. Among those, 14 construction sites
across the province are to be demolished. Ministry of Tourism to designate Koh Seh as special tourist
destination The Ministry of Tourism is studying the
feasibility to develop Koh Seh in Kampot as a ‘special tourist destination’, following the recent decision by the government
to develop special tourist destinations. Ministry of Tourism spokesperson Mr Chuk Chumnor told that Koh Seh in Kampot has great potential with a beautiful beach
and nature which are suitable to develop it into a new tourist destination. According to Mr Chuk Chumnor,
the development project will cover around 500 hectares, but the actual size may change once the study
is completed and published later in 2019. The new tourism destination will adhere to the
principles of sustainability and the environment with many products such as luxury resorts and for public
tourists. Deal signed for ‘Dragon City’ development in ING City A deal between Cambodian and Hong Kong firms to
develop ‘Dragon City’ was signed on 27 August, which will turn 5.4 hectares of land
in ING City into a commercial complex. The deal was signed between Cambodian
developer ING Holdings Co., Ltd Ltd and Hong Kong-based Causeway Bay Group together with SINO BAY Construction Investment. The firms will join forces and develop ‘Dragon City’ project in Beong Cheung Ek and Tum Pun area in the heart of the 2,572-hectare ING City. The project is expected to commence in 2020. Oknha Ing Bun Hoaw, Chairman of ING Holdings, said that the company’s vision for Phnom Penh
blends shopping, working and leisure in a convenient and environmentally conscious way. Chen Zhi, Chairman of Causeway Bay Group said that the project would respond to Cambodia’s economy
is developing fast and the growth in population. International firms eye waste-to-energy plant in Sihanoukville International firms are looking to invest in
waste-to-energy plants in Sihanoukville province according to a 27 August meeting between
the companies and the provincial governor. Ric Natural Development is interested
in investing in a waste-to-energy plant while investment firms from Malaysia
interests to invest in a bio fuel and Singapore have expressed interest in investing
in tourism port in the province. H.E Kuoch Chamroeun welcomed the initiative while citing that the province generates
about 1,000 tons of garbage each day. He continued that the company needs to study
the project deeper in regard to the market, to reach the goal in investing in a waste-to-energy plant
efficiently. Comin Khmere installs the first floating solar panels in Kampot Comin Khmere, a subsidiary of Comin Asia Group and one
of the country’s leading engineering solutions provider has successfully executed Cambodia’s first floating solar
system and curved rooftop solar installation in Kampot province. Mr Phanith Hak, group marketing and communication
coordinator of Comin Khmere said that the company had finished installing 30,000 floating
and curved roof solar panels in April 2019. The newly installed solar panels are capable of producing
up to 13 million-kilowatt hours of energy per year, about 7% of the total energy needed. Solar power is to account for about 15% of
total Cambodia’s power consumption in 2020, consumers can reduce their carbon footprint, and save costs
as well. Dear audiences, Construction & Property weekly news has come to the end. Thank you for spending time with us. We will come back to you next week. I’m Bun Saosopheakneath,
and our staffs thank you again and goodbye.

3 Comments

  • Brandon Senbui

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  • property Cambodian kh

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