Booming Construction Sectors Attracts More Than Us$5 Billion in FDI

Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs.

In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 million square metres.

Speaking with reporters at the media briefing on 17 October, 2018, H.E Lao Tipseiha, Secretary of State of MLMUPC said that construction and real estate sectors in Cambodia remain robust, especially construction.

Meanwhile, real estate analyst and CEO of Key Real Estate Mr Sorn Seap recently said that the construction and real estate sectors will continue to have great potential for a long time. In addition, the sector will continue to attract investors from across the globe, especially from Asia.

Reflecting on the strong foreign investment into the sector, over the past 18 years, China, Korea, Japan, Thailand, Taiwan, Singapore and the UK have invested the largest amounts of money into the construction sector in the country.

Within this period, according to the figures from MLMUPC, China has invested more than US$ 2.4 billion, Korea US$1.6billion, Japan US$255 million, Thailand US$181 million, Taiwan US$176 million, Singapore US$161million, and the UK US$149 million.

- Video Advertisement -

Related Post

Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends

In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under $4 billion, a stark contrast to the nearly 4,841 projects worth approximately $12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on […]

Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers

Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]

PwC Slapped with Record US$62.2 Million Fine and Six-Month Ban Over Evergrande Audit Failures

PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record US$62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are part […]

While China controls most of the real estate market, Japan continues to dominate ASEAN’s major economies

Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia remains more focused on tertiary industries like finance, construction, and real estate, and is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China’s FDI in these sectors may complement, rather […]

Vietnam Ranks as Southeast Asia’s Least Transparent Real Estate Market

Vietnam’s real estate market has been ranked as the least transparent in Southeast Asia, placing 49th out of 89 countries and territories in JLL’s 2024 Global Real Estate Transparency Index. The report places Vietnam behind regional peers Singapore (13th), Thailand (32nd), Malaysia (33rd), Indonesia (40th), and the Philippines (45th) in terms of transparency, highlighting key […]