PHNOM PENH, Sept. 27 (Xinhua) -- Cambodia's construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed Friday.
From January to August this year, the Ministry of Land Management, Urban Planning and Construction had issued constructing licenses to 1,100 projects throughout the country.
Those projects are mostly residential units, commercial buildings, apartments, hotels, shopping malls, agricultural processing plants and garment factories, said Lao Tip Seiha, deputy chief of the Ministry's construction department.
"Strong growth in the construction sector reflects investors' confidence in Cambodia's political stability and favorable business climate," he said.
Construction is one of the four pillars supporting the country' s economy. The top ten countries and regions investing in the sector are South Korea, China, Britain, Thailand, Russia, Japan, Malaysia, China's Taiwan, India and Vietnam.
Cambodian real estate and construction has bounced back in the last three years after it was hit hard by the global financial crisis in 2008.
Earlier this month, Hongkong Land, a Hong Kong-based property group, broken ground on a 100 million U.S. dollars mixed-use development project in Phnom Penh's financial hub.