Cambodia had provided licences to some 2,000 construction projects with a total investment of US$1.2 billion in the first half of 2022, a senior official said on Wednesday, 24 August 2022.
He attributed the continued increase in the value of approved construction projects to investors’ confidence in the country’s peace, security and political stability. According to the MLMUPC, from 2000 to June 2022, Cambodia had granted licences to 57,590 construction projects across the country with a total investment of US$66.2 billion.
The kingdom currently has 2,472 high-rise buildings (between five and over 40 floors), and 482 locations of new towns and residential complexes, according to the MLMUPC.
For more on this story, go to New Straits Times.