1,175 Construction Projects Approved in Q3 2022

• 28 November 2022
• Local News
• 947 Views

In Q3 of 2022, the government approved a total of 1,175 construction projects, an increase of 147 projects or  14.3% compared to the same period last year, according to the economic and financial statistics bulletin for the third quarter of 2022.

Among all projects,  residential, villa, industrial, and public construction saw an increase in number except for commercial and tourism construction.

Meanwhile, the construction sector is expected to recover at 3% in 2022 as credit given to this sector has been increasing. (Read more)

In the third quarter, a total of 52 investment projects were also approved by the Council for the Development of Cambodia, an increase of five projects.

The increase was due to increased investment in solar panels, hospital construction, car assembly, island development projects and the expansion of other special economic zones.

• Investment and Funding