Cambodia’s construction investment reached US$4 billion in H1 2020, a 13% increase

• 7 July 2020
• Local News
• 6248 Views

Despite the global crisis of Covid-19, Cambodia’s construction investment value in the first half of 2020 has reached nearly US$4 billion, indicating a 13% increase compared to the same period in 2019, according to the data of the Ministry of Land Management, Urban Planning and Construction dated 02 July 2020.

According to the same source, in H1 of 2020, the government has approved a total of 2, 522 construction projects (8.6 million square meters) or equal to US$ 3.8 billion investment value. Meanwhile, during the same period of 2019, there were only 2,047 projects (37 million square meters) with a total investment of US$3.4 billion.

Among all the approved projects, there are 2, 097 housing projects worth approximately US$1.8 billion, and 36 of which are Borey projects. These 36 Borey projects consist of 6,562 homes with a total investment value of US$ 650 million.

On 04 July, Prime Minister Hun Sen also stated that infrastructure construction in the country is still robust, despite the negative economic impact caused by COVID-19 pandemic.

• Economy and Finance
• Policy and Strategy