During the first four months of this year, China invested approximately US$1,427 million in Cambodia’s construction sector.
The
information was made known by Undersecretary of State for Land Management,
Urban Planning and Construction H.E. Tep Thon on May 31 at the grand
inauguration ceremony of China’s Project Saleable Offices of Condo Building
CASA MERIDIAN at Phnom Penh’s Koh Pich Convention and Exhibition Center. Last
year, the total Chinese investment value in Cambodia’s construction sector was
amounted to US$2,773 million, up from US$2,109 million in 2012 and US$1,734
million in 2011. The increase in Chinese investment in Cambodia reflected the
Chinese investors’ confidence in the Royal Government of Cambodia led by Prime
Minister Hun Sen and the political and economic stability as well as the
development in Cambodia.
According to Oknha Pung Kheav Se, Chairman of Cambodia Constructors Association, the 33-storey CASA MERIDIAN project, which will be constructed by Overseas Cambodian Investment Corporation (OCIC) for a period of 30 months at Phnom Penh’s Koh Pich, will consist of 400 rooms, and cost over US$75 million.
Source:
http://www.akp.gov.kh/?p=46017
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