NBC: Construction Sector Strength Driven by Three Factors

• Proeksa Meas
• 6 August 2018
• Uncategorized
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According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector.

The first factor is market growth in construction raw materials which increased 27% in the first six months of 2018.

The second factor is the increase of credit for the construction sector increased by 30%. Indeed, credit for the construction sector remains in good standing due to the low rate of non-performing loans. (Read more)

Thirdly, there has been a significant increase in investment in construction projects, up by 14% across 1,742 projects with residential housing accounting for more than 80% of the total projects.

The construction and real estate sectors in Cambodia have contributed significantly to the strong economic growth which is forecast to grow at 7% for 2018.

• Business and Market
• Projects Development