Applications for building licences up

Phnom Penh Post. FRIDAY, 02 JULY 2010 15:00 SOEUN SAY

THE number of construction companies seeking building licences increased 14.5 percent in the first five months of 2010, according to government statistics obtained Thursday. Seventy construction companies received them, up from 61 for the same time last year. The Ministry of Land Management “has had a lot of companies asking for construction licences because [investors] believe the construction sector will recover soon,” director of the construction department Lao Tip Seiha said.