By Jane B. Hatcher
PHNOM PENH, April 8 — A 3-day Cambodia-Real Estate Exhibition 2013
kicked off here on Monday as the country’s construction sector is
rapidly growing in the last couple of years.
The event, held at the Diamond Island Exhibition Center, brought
together 68 exhibitors who are real estate developers, real estate
investor banks, construction material manufacturers and suppliers, home
product suppliers, real estate agencies, and architecture and
Speaking at the opening of the exhibition, Mao Thora, Secretary of
State of the Ministry of Commerce, said the event reflected the progress
of real estate sector in Cambodia.
“It would provide opportunities to real estate and construction
investors to seek partners and potential customers for their products,”
he said, adding that it would also be a venue for real estate and
construction business executives to exchange experience and creativity
in order to further develop the sector.
The country’s real estate and construction has seen a remarkable rise
in the last two years after it was hard-hit by the global financial
crisis in 2008.
The reports from the Ministry of Land Management, Urban Planning and
Construction showed that the investments in the country’s real estate
development had declined from 3.1 billion U. S. dollars in 2008 to 1.98
billion U.S. dollars in 2009 and further drop to 840 million U.S.
dollars in 2010.
However, the sector bounced back in 2011 to 1.2 billion U.S. dollars and further grew to 2.1 billion U.S. dollars in 2012.