In 24 years, the government issued nearly 70,000 construction permits worth USD78.96 billion

• 28 November 2024
• Local News
• 100 Views

In the past 24 years, Cambodia has made significant strides in its construction sector, issuing nearly 70,000 construction permits for projects valued at approximately USD 78.96 billion, according to a report from the Ministry of Land Management, Urban Planning, and Construction presented at a conference on November 26, 2024.

The report indicates that the Royal Government of Cambodia has granted permits for 67,696 construction projects across the country, covering a total area of 199,455,440 square meters and with an estimated total investment of around USD 78,969,766,129.

In 2024 alone, ministries and sub-national administrations issued permits for 2,622 new projects, encompassing a total construction area of 10,447,042 square meters and an estimated investment value of approximately USD 4,334,486,754. This represents a decrease from 2023, which saw 2,924 new projects covering 12,335,043 square meters and an estimated investment of USD 5,109,471,022, marking a decline of 15.17%.

Over the past 24 years, the state has also issued permits for 2,800 construction sites, 1,344 closures, and 228 renovations. Notably, the government has issued occupancy certificates for 109 projects, totalling 335 certificates.

The ongoing developments in the construction sector reflect continued investment and growth in Cambodia, showcasing the country’s expanding infrastructure capacity.

• Projects Development