Japan’s Sekisui House to Invest in Homebuilding in Cambodia

A Japanese delegation led by Mr. Yamada Yoritaka, Representative of Sekisui House Limited, visited Cambodia and met with DPM Keat Chhon on 03 October to prepare for investment in Cambodia in house construction and furniture production and, at the same time, to inspect raw materials in Cambodia whether they are suitable for producing furniture and other construction materials. The Sekisui House Ltd., 3rd in world ranking, has in total more than US$2 billion investment capital, and employs some 150,000 workers, said Mr. Yamada, adding that his company is willing to  invest in house construction and furniture production in Cambodia. In reply, H.E. Keat Chhon warmly welcomed the company’s field visit and expressed support to its intention to invest in Cambodia. The construction sector in Cambodia is booming, said the Cambodian deputy prime minister, indicating that in the first eight months of this year, 1,213 projects with the total investment amount of over US$1.5 billion have been approved, up about 73.9 percent if compared to the same period last year. (Rasmei Kam, 06 October 2012)