“Real estate and construction sectors continued to play a significant role in the Cambodia economic development 一 the sector has helped to sustain our economic growth.”
The real estate sector has significantly contributed to Cambodia’s economic growth, attracting the largest share of foreign direct investment to the nation during the last 30 years, according to reported by the National Bank of Cambodia – the country’s central bank.
This growth indicates that real estate remains the top industry in Cambodia which has the potential to attract high foreign direct investment ─ providing opportunities and accessibility for both local and international investors, and the people working in this field.
A joint report conducted by the central bank and the Council for Development of Cambodia showed that the inflow of foreign direct investment into Cambodia’s economy, accumulated to $41 billion from 1994 to 2021. China and South Korea shared the largest FDI volumes in Cambodia.
Among all the areas, the real estate received a huge amount of investment, including manufacturing investments, recorded at $13 billion, making up more than 30 per cent. At the same time, FDI inflows of around $9 billion went to the financial sector, whereby it accounted for 23% of the entire foreign direct investment.
The manufacturing industry is categorized as a real estate segment. When combined, real estate is the largest recipient of FDI during the period.
Real estate experts and government officials believed that real estate is vital for sustaining the development of Cambodia’s economy through taxation.
“Real estate and construction sectors continue to play a significant role in Cambodia’s economic development; and in addition to Cambodia, this essential sector is needed to sustain economic growth in countries like Hong Kong, Singapore, China, and the USA”. said Vong Visoth, Secretary of State of the Ministry of Economy and Finance during a public forum under the name of ‘Macroeconomy and Budget Law 2022’