Construction Sector Attracts Some US$5 Billion Investment Capital in First Eight Months
AKP Phnom Penh, November 11, 2020 —
For the first eight months of this year, there were in total 3,350 construction projects across Cambodia with an estimated investment capital of US$5,081 million, according to the Socio-Economic Trends released by the Ministry of Economy and Finances on Tuesday.
If compared to the figures in the first eight months of 2019, the number of approved construction projects rose by 455, but the investment capital dropped by about 15 percent, it pointed out.
The total 3,350 construction projects in the first eight months of this year covers over 11.4 million square metres, added the report.
Of the above-mentioned approved projects, 2.819 or 84 percent are housing projects, up 375 projects, underlined the same source.
Grounding on the indicators, real estate experts are positive about the industry which continues to attract more and more investments to Cambodia, especially Phnom Penh capital.
By Phal Sophanith