1,829 Construction Projects Worth US$2.3 Billion Approved in First Five Months

• Sommana Yan
• 6 July 2021
• Uncategorized
• 2887 Views

During the first five months of 2021, a total of 1,829 construction projects have been approved, a decrease of 278 projects compared to the same period last. These projects have a total amount of estimated investment value of US$2,349 million, which also dropped by 32%.

This is according to the recently published Social-Economic Trend report from the Ministry of Economy and Finance.

Among all the projects, residential types shared the largest proportion of 88%, or equivalent to 1,607 projects, which also represented a shrinking by 139 projects compared to last year.

Besides construction project data, the report also stated that the Council for the Development of Cambodia (CDC) also approved a total of 45 investment projects outside special economic zones during the January to May period, which also fell by 47 projects.

These approved projects by CDC have a total investment value of US$825 million, a 59% drop compared to the same period last year.

The projects expect to generate at least 30,000 new jobs for local people.

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