Construction raking in cash

4 June 2014
The Phnom Penh Post
Construction policy and regulation / Economic policy and administration / Economy and commerce / Foreign investors / Government / Industries / Investment / Ministries and other national bodies / Ministry of Land Management, Urban Planning and Construction / Real estate
ADB / Asian Development Bank (ADB) / Beng Hong Socheat / Ministry of Land Management and Urban Planning

Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of April. The result represents a 300 per cent increase on the $350 million recorded during the same period last year, according to the ministry. Beng Hong Socheat, spokesman of the ministry, said Cambodia’s economic performance and “manageable” political situation were the main reasons for the impressive figures. ...

 May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash