Cambodia's construction sector attracts 4 bln USD investment in 4 months, up 43 pct

Source: Xinhua| 2017-05-23 16:10:12|Editor: xuxin
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PHNOM PENH, May 23 (Xinhua) -- Cambodia's construction sector attracted investment projects worth 4 billion U.S. dollars in the first four months of 2017, up 43 percent over the same period last year, according to government figures on Tuesday.

Released by the Ministry of Land Management, Urban Planning and Construction, the data showed 1,020 construction projects were approved during the January-April period, compared with 712 projects approved during the same period last year.

Those projects include condominiums, residential units, commercial buildings, shopping malls, hotels and factories.

The Southeast Asian country now has 901 high-rise buildings (from five floors upwards) and 147 locations of new towns and residential complexes, the data said, adding that most of them are situated in Phnom Penh, capital of Cambodia.

Construction is one of the four pillars supporting the economy. Key countries investing in Cambodia's real estate and construction are China and South Korea.

Currently, some 970 construction companies and 41 design firms are operating in Cambodia.