Phnom Penh
Thursday, 03 June 2010
Two years after the onset of the global economic crisis, Cambodia’s construction sector has struggled to recover, despite promising indicators in the country’s other economic earners.
Both garments and tourism have recovered some since the downturn, but officials say a lack of confidence from both local and foreign investors has stymied construction recovery.
“We are watching the situation very closely, and we have seen that the construction sector is still in a downturn,” Im Chamrong, directory general of the Ministry of Land Management’s construction department, told VOA Khmer. “There is still a reduction in local and foreign investment.”
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