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.


  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • NOCC to contest petanque, tennis axe

    The National Olympic Committee of Cambodia will lobby hard over the next few weeks for the inclusion of the Kingdom’s most productive medal-earning sport, petanque, along with vovinam and tennis after the disciplines were left out of the initial list of 30 preferred sports for