Cambodia forms first constructors association as construction recovers

Cambodia forms first constructors association as construction recovers

Cambodia officially established the first-ever Constructors Association on Thursday in a bid to develop the construction and real estate sector, which is one of the four pillars supporting the country's economy, said officials.

"The association will be a venue for both domestic and foreign constructors companies to exchange experience, information and expertise on construction," Minister of Land Management, Urban Planning and Construction Im Chhun Lim said at the launch of the association.

It would also enable constructors in Cambodia to communicate and share experience with constructors associations of the ASEAN countries and the ASEAN Constructors Federation, he said.

The minister added that the association establishment was also to respond to the fast development in the country's construction and real estate sector.

The newly-elected president of Cambodia's Constructors Association Pung Kheav Se said the association would help set an international standard for sustainable development of the construction sector.

"As we all know, the sector is one of the pillars supporting the growth," he said. "So, it's necessary to ensure that the sector will see steady growth and the construction standard is internationally recognized."

Pung Kheav Se is currently the president of a local well-known Overseas Cambodia Investment Corporation (OCIC), which is the developer of Phnom Penh's Diamond Island satellite city. He is also the board chairman of the country's third largest Canadia Bank.

According to the figures of the Ministry of Land Management, Urban Planning and Construction, the construction sector contributed 5.5 percent or about 620 million U.S. dollars to the GDP in 2010 and the sector generates some 150,000 jobs.

Editor: Chen Zhi

English.news.cn   2011-10-06 21:15:21 FeedbackPrintRSS
PHNOM PENH, Oct. 6 (Xinhua)