Building Investment Rise in 3rd Quarter

• 31 December 2015
• Local News
• 1009 Views

Investment on building and property industries grows almost 14 percent in the 3rd quarter 2015, said a report by Ministry of Land Management, Urban Planning and Construction.

The report states over US$1.7 billion invested on the two sectors by the 3rd quarter this year compared to only US$1.5 billion at that time in 2014.

Among the investors, Korean rank first, followed by the Chinese, Japanese, British and Malaysian, Lao Tip Seyha, Deputy Director of the ministry’s Construction Department told Post Property. According to him, from the year 2000 to the first nine months of this year, 239 foreign investment projects worth about $3.3 million have been licensed. The rest goes to projects either run by local investors or shared between local and foreign investors.

However, the World Bank’s annual business survey report ranked Cambodia at 127 out of the 189 countries in term of attractive business place.