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

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.

- Video Advertisement -

Related Post

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Cambodia Welcomes Over 7.8 Million Tourists During Three-Day Water Festival

Cambodia’s Royal Water Festival in 2024 attracted an impressive 7,844,388 tourists over three days, with Phnom Penh leading as the top destination, receiving 6,292,187 visitors. This remarkable turnout underscores the festival’s significance as a cornerstone of Cambodia’s cultural heritage, according to a report shared by Samdech PM Hun Manet on 18 November 2024. Of the […]

Cambodia Records USD505 Mil in Iron and Steel Imports, Construction Sector Gradual Recovery

Cambodia imported iron and steel products worth USD505 million in the first ten months of 2024, a significant 65% increase compared to USD305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD52.5 million, marking a 105% rise from […]

Phnom Penh Autonomous Port Achieves Record Container Traffic and Revenue Growth in 2024

The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]

French Luxury Brand Metal Jewelry Opens New Factory in Cambodia, Boosting Local Industry and Jobs

Metal Jewelry Cambodia, a renowned French jewelry brand, officially opened its production and assembly factory for metal and plastic jewelry on 9 November 2024. The inauguration, led by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, marks a major milestone following the company’s investment permit approval in June 2023. HE Chea Vuthy emphasized […]

Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth

Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialised real estate […]