Its Ministry of Land and Management, Urban Planning and Construction said that investments across the country are expected to be around US$9.3 billion this year.
“The increase in the construction sector stems from the strong growth of the economy and political stability,” the Khmer Times reported him saying at the 8th Cambodia-International Construction Industry Expo 2019, yesterday. The World Bank’s latest report said Cambodia’s economy continues to show signs of robust growth, underpinned by solid export performance and strong domestic demand.
The World Bank said that Cambodia’s vibrant construction activity has continued despite foreign direct investment inflow slowing down. Cambodia Constructors Association chairman Pung Kheav Se agreed that the growth of the construction and real estate in Cambodia is still strong, and demand in this sector is high, especially from foreign investors.
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