PP Governor: Construction Sector Continues to Grow With Over US$2.2bn Investment Recorded in 2021

• Kongleaphy Keam
• 11 March 2022
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Phnom Penh Governor HE Khuong Sreng has confirmed that the construction sector in the capital in early 2022 has continued to grow despite pressure from the COVID-19 crisis in 2020 and 2021.

During the ground-breaking ceremony of a new 44ha borey project in Prek Pnov district, HE Khuong Sreng said, as of 2022, there are a total of 310 boreys and 1,603 high-rise buildings (225 are buildings with 20 floors up).

He added that, in 2021 alone, Phnom Penh received 1,050 new construction projects from the private sector with a construction area of over 4.63 million sqm and an estimated investment capital of more than US$2.26 billion.

“Given positive trends, Cambodia’s economic growth is expected to recover rapidly in the coming years, which is a huge potential for investment in real estate, especially commercial buildings, hotels, boreys, and modern condominiums,” said HE Khuong Sreng.

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