Why Cambodia Phnom Penh Capital City growing so fast?
Cambodia looks pretty much different. If you travel to visit Cambodia again you’ll see a lot of growing. Well development make the economy stronger.
Cambodia Expressway
As the business economy is growing continuously, lands and properties also increase higher price in some developing areas such as Kompot, Kompong Speu, Sihanouk ville, Koh Kong, Siem Reap, Poi pet, Battambong, Svay Reang, Prey Veng etc.
Cambodia is currently building a new freeway from Phnom Penh to Sihanouk Ville port. This Freeway will make it easier for every company to transport their products from the port to Phnom Penh. It will save so much times and it won’t cause so much traffic, because this freeway is huge. Now is freeway is about 80 percent completed. According to the Ministry of Public works and Transport citing that the completion of the project is set for mid of 2023.
Let’s talk about some potential areas in Kompong Speu, where a high development is going on. National Road 51 showing potential for real estate. The development of the capital is currently expanding due to growing urban population, and expanding real estate market, and the influence of foreign direct investment. Areas on the outskirts of the city are witnessing more building projects and increasing land prices. Areas surrounding National Road 51 are no exception. The land price in many areas has nearly doubled over the last year. National Road 51 is undergoing a huge change. Stretching from Kandal province, Thnal Totoeng Market west of the capital to Kamong speu province, and Oudong market. National road 51 is being renovated with funds from the gov of China.
More than 50 factories are currently operating along the stretch. There are plenty of facilities and amenities in place, including markets, schools, banks, microfinance institutions and so on.
These factories are planning to build or currently building in Kompong speu province and nearby provinces:
• K (Cambodia) Co., Ltd, a distributor of ISUZU Vehicles in
Cambodia plans to establish an ISUZU car assembly factory in
Kompong Speu. The construction of the factory is expected to
begin by late 2022.
• Ford Motor Cambodia Assembly plant set for Pursat Province
soon, as the relevant gov bodies and the investment firms have already reached an agreement.
• The Factory named SMART SHIRT GARMENTS MANUFACTURING (CAMBODIA) CO., LTD was established since 2016. The factory located on National Road 41, Srong Village, Srong Commune, Kong Pesey District, K. Speu. Nation Road 41 is linked with Nation Road 51. These roads are considered as the third ring road of the capital expanding. • The Council for the Development of Cambodia (CDC) has announced its approval of a $5 million bag factory to be built in Kampong speu province. This factory will employ more than 1000 people, according to CDC.
Kampong Speu is closer to Sihanoukville Autonomous Port, which makes it easier to access the international market and possibly reduce charges… because it is located reasonably near the airport in Phnom Penh.
The local media reported that a consortium of Hong Kong Investors was eyeing up to 20 locations in K. Speu province to establish facilities to manufacture garment, bag and footwear goods.
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