Property News Roundup October 24th, 2022

24 October 2022 | Posted in News

We’re delighted to share the weekly news highlights below.

  1. Techo International Airport construction 40% complete as of October

The construction of Techo International Airport (TIA) has been 40% completed as of October, with the completion schedule set for 2024.

October 17, 2022 | Construction Property | Link: https://bit.ly/3CxZq4S

  1. Alleged stolen 280,000 barrels of crude oil returns to KH; sold at $25M

Over 280,000 barrels of crude oil, the first commercial production in Cambodia’s history, have returned home after being allegedly stolen and shipped out of the country without the government’s acknowledgment last year.

October 17, 2022 | Construction Property | Link: https://bit.ly/3s1E5vI

  1. 115ha land on Ta Prom Island to be transformed to mix-used development

The Council of Ministers has given a permit to Ta Prohm Investment Co., Ltd. to develop 116 hectares of land on Ta Prohm Island in Sangkat Prek Eang of Khan Chbar Ampov into the new development zone.

October 18, 2022 | Construction Property | Link: https://bit.ly/3TufRWU

  1. Construction of new road connecting NR4 to Bokor Mountain 55% complete

The construction of the new road connecting Bokor National Park to National Road 4 is 55.55% complete, or equal to the completion of 15km, according to the inspection by Oknha Sok Kong recently.

October 19, 2022 | Construction Property | Link: https://bit.ly/3Ts1EcU

  1. One-week nationwide domestic trips near 1M after expressway opens

Holidaymakers made nearly one million domestic trips across Cambodia during the second week of the month, which analysts say is markedly above average and part of an uptrend driven by the October 1 soft-launch of the Phnom Penh-Sihanoukville Expressway and Water Festival events held in a number of provinces.

October 19, 2022 | Phnom Penh Post | Link: https://bit.ly/3TckhBX

  1. KH to increase integrated energy by 35% by 2050

Cambodia has vowed to increase its clean energy mix by 25% by 2030 and 35% by 2050 while also adopting a long-term carbon-neutral strategy.

October 19, 2022 | Construction Property | Link: https://bit.ly/3yRYtTX

  1. Kampot to build new 2,000m beachfront public park in Tuek Chhou district

Kampot Provincial Governor HE Mao Thanin unveiled a project to build a new beachfront public park, stretching over 2,000 meters long at Kampong Bay canal in Teuk Chhou district.

October 20, 2022 ​| Construction Property​​ | Link: https://bit.ly/3Sf5LrU

  1. New Siem Reap airport 44% done, still set to open in Oct 2023

Siem Reap-Angkor International Airport is still on track to open in October 2023, with work on Phase I reaching 44 per cent as of end-September, according to a senior civil aviation official.

October 20, 2022 | Phnom Penh Post | Link: https://bit.ly/3SjNycu

  1. Six Senses resort reopening

Preah Sihanouk province’s Six Senses Krabey Island resort is slated to reopen its doors to tourists on December 2 after ceasing operations during the Covid-19 slump in the tourism industry.

October 21, 2022 | Phnom Penh Post | Link: https://bit.ly/3go5aXu

  1. Personalized plates sales net $82M

From 2016 up until September of this year, the Ministry of Public Works and Transport registered more than 220,000 special and personalized license plates, contributing more than $82 million to the state coffers.

October 21, 2022 | Phnom Penh Post | Link: https://bit.ly/3zb0GtP