An 'ideal scenario' for Muhibbah's Cambodia concession - CGSI

KUALA LUMPUR: Negotiations between Muhibbah Engineering (M) Bhd and Cambodian authorities over a possible concession for the new airport in Phnom Penh are progressing well, with the possibility of an ideal scenario coming to fruition, said CGS International (CGSI) Research.

In the optimistic outcome outlined by CGSI, Muhibbah would receive compensation for the loss of its operations at the Siem Reap airport and be engaged to operate the new airport at Kandal, south of Phnom Penh, which is scheduled to commence operations in 1H25.