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  Cambodia’s Construction Sector Records 22% Increase to US$6.8 billion in Approved Investments in 2017
   
  Cambodia posted a 22% year-on-year growth to US$6.8 billion in the combined value of approved investments in the construction industry in 2017. It was reported by the Ministry of Land Management, Urban Planning and Construction that the combined total of projects approved throughout the country amounted to 3,418 projects in 2017. A breakdown of it showed residential projects taking up the bulk of it with 82%, and commercial projects made up 8%.
   
 
   
  The average price of land in Phnom Penh’s four central districts surged 5.9% compared to the previous year, while the principal districts rose by 6.6%. By the end of 2017, the occupancy rate of multi-let office space hit the highest figure since 2009 with a rate of 82.7%.

The country’s Building & Construction sector shows no sign of slowing down as the real estate sector continues to attract major investors with China noted to be the leading investor towards the end of 2017. Others investors who have also begun pumping in more money include South Korea, Japan, Thailand, Singapore, Taiwan, Malaysia and European countries.

To further facilitate the growth and encourage more projects and investments down the pipeline, CAMBUILD 2018 - Cambodia’s Biggest International Building, Construction and M&E Exhibition will serve as a catalyst to unveil the latest building, construction and M&E technology and processes that will help to improve the sector’s efficiency and quality.

Scheduled to take place from 12th to 14th September 2018 at DIECC in Phnom Penh, this international business-to-business expo will be the venue for the gathering of developers, architects, building designers, contractors, consultants, engineers, interior architects, building material suppliers and importers. Come join over 300 exhibitors and meet thousands of key decision makers and buyers at CAMBUILD 2018.

CAMBUILD 2018 is the opportune platform to expand your company’s brand. For more details on taking part in the expo, contact Ms Rina at rina@ambtarsus.com or Ms Vichera at vichera@ambtarsus.com.
   
 
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