Cambodia Construction Soars Following 2018 Major Slump

Following a major drop in the first four months of 2018, Cambodia’s construction sector strengthened in the first quarter of this year. Industry experts believe strong figures were driven largely by commercial projects.

According to the Phnom Penh Post, Cambodia’s investment capital in the construction industry increased by 67.37 percent compared to the same period in 2018, amounting to $2.742 billion in capital funds.

The Ministry of Land Management, Urban Planning and Construction revealed on Thursday that the hike was driven mostly by projects involving commercial buildings and shared accommodation schemes. Analysts noted that the sector is expected to grow further all throughout 2019.

In full: https://en.businesstimes.cn/articles/113700/20190614/cambodia-construction-soars-following-2018-major-slump.htm

© 2019, All rights reserved.