Prey Veng Province’s Investment in Real Estate and Services Nears US$ 200M Over 5 Years

• Sommana Yan
• 23 March 2023
• Local News
• 2404 Views

Prey Veng Province has invested almost 200 million dollars in real estate and other services from 2018 to 2022, according to HE Chea Somethy, Governor of Prey Veng Province, in a statement on March 22, 2023.

The governor emphasized that the province had attracted national and international investors in the past five years, significantly increasing private investments in real estate and services.

The total investment of nearly US$ 196 million includes 17 companies investing in an area of 140 hectares in construction and real estate, with a total investment of US$ 141 million, according to HE provincial governor.

He added that the investment in factories includes three factories with 3,541 workers, with an investment of US$ 4.92 million, while 42 small and medium enterprises with 3,878 workers invested US$ 9.92 million. There was also an increase of 144 handicraft bases with 432 workers and a US$ 1.45 million investment, and the water sector increased to 11 bases with 134 workers and a US$ 7.54 million investment.

Moreover, 87 new petrol and gas stations with an investment of approximately US$ 7 million are currently under construction, along with 88 cattle and poultry farms with an investment of US$ 625,000. In addition, the province invested US$ 23.29 million in the health sector.

HE Chea Somethy further stated, “Prey Veng province will continue to encourage national and international investors to invest in this province, especially in the real estate sector and services, to strengthen the province’s economic development further and increase the job market.”

The province’s steady growth in real estate and services investment, especially in construction and factories, demonstrates a promising future for Prey Veng province.

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