Cambodia’s construction sector in rapid expansion

Cambodia's Construction Sector In Rapid Expansion
Construction in Sihanoukville, Cambodia © Arno Maierbrugger

Cambodia’s construction sector attracted total investments of $3.39 billion in the first half of 2019, up 57.5 per cent over the same period last year, according to a report released by the country’s ministry of land management, urban planning and construction on July 17.

The report showed that the country had granted licenses to 2,047 construction projects during the January-June period this year, up 24.5 per cent from 1,643 projects over the same period last year.

Chhan Sophal, director general of the ministry’s general department of construction, said in the report that Cambodia currently has 1,357 high-rise buildings (up to 54 floors) and 259 locations of new townships and residential complexes.

Most of the high-rise buildings and new towns are located in the capital Phnom Penh, he said.

According to the report, some 983 construction and home design companies are operating in the kingdom, generating approximately 220,000 jobs.

Construction is one of the four main pillars of the country’s economy. The three other sectors are garment, tourism and agriculture.



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Construction in Sihanoukville, Cambodia © Arno Maierbrugger Cambodia’s construction sector attracted total investments of $3.39 billion in the first half of 2019, up 57.5 per cent over the same period last year, according to a report released by the country’s ministry of land management, urban planning and construction on July 17. The report showed that the country had granted licenses to 2,047 construction projects during the January-June period this year, up 24.5 per cent from 1,643 projects over the same period last year. Chhan Sophal, director general of the ministry’s general department of construction, said in the report that Cambodia...

Cambodia's Construction Sector In Rapid Expansion
Construction in Sihanoukville, Cambodia © Arno Maierbrugger

Cambodia’s construction sector attracted total investments of $3.39 billion in the first half of 2019, up 57.5 per cent over the same period last year, according to a report released by the country’s ministry of land management, urban planning and construction on July 17.

The report showed that the country had granted licenses to 2,047 construction projects during the January-June period this year, up 24.5 per cent from 1,643 projects over the same period last year.

Chhan Sophal, director general of the ministry’s general department of construction, said in the report that Cambodia currently has 1,357 high-rise buildings (up to 54 floors) and 259 locations of new townships and residential complexes.

Most of the high-rise buildings and new towns are located in the capital Phnom Penh, he said.

According to the report, some 983 construction and home design companies are operating in the kingdom, generating approximately 220,000 jobs.

Construction is one of the four main pillars of the country’s economy. The three other sectors are garment, tourism and agriculture.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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