Logo of Phnom Penh Post newspaper Phnom Penh Post - Construction sector keeps on building

Construction sector keeps on building

Construction sector keeps on building

The total value of construction project investment in Cambodia rose more than 100 per cent during the first half of 2013 compared with the same period a year ago, according to Im Chhun Lim, the head of the Ministry of Land Management, Urban Planning and Construction.

Lim, whose comments came at the opening of a three-day construction exhibition in Phnom Penh yesterday, said the value of the building sector reached nearly $2 billion from January to June, up from $870 million year-on-year.

“It has been noted that construction investment has increased sharply in the recent years. This means that we have a peaceful and good investment climate for the investors."

Pung Kheav Se, chairman of the Cambodia Constructors Association (CCA), said the sector is seeing growth through injections of local and foreign capital, and the funds will help the industry modernise and apply uniform standards.

“In Phnom Penh, we can see all kinds of modern high-rise buildings with quality high-tech equipment on a par with developed countries,” he said.

On Friday, Hong Kong-based Hongkong Land broke ground on a $100 million 20-storey building in the heart of the city near Wat Phnom.


  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • Close to the edge: Hair raising pictures from Kulen Mountain

    A new hair raising attraction on Kulen Mountain has finally opened to the public, with people flocking to the protruding cliff edge overlooking green mountainous forests to take photographs. The giant overhanging rock is situated in an area known as Mahendraparvata – an ancient city of

  • US warned not to interfere despite successful meeting

    A senior Ministry of National Defence official said the Tuesday meeting between the US Deputy Assistant Secretary of Defence for South and Southeast Asia Joseph H Felter and General Neang Phat had helped strengthen relations between the two countries’ militaries. However, a senior Cambodian People’