PHNOM PENH: Preah Sihanouk Province is poised to become a major economic powerhouse, according to the Preah Sihanouk Multi-Purpose Special Economic Zone Master Plan (MPSEZ). The plan outlines and explain a vision for Preah Sihanouk as an International Gateway, a National Development Pole, and an ASEAN Metropolis.

STRENGHT: Strategic Location, Established Infrastructure

MPSEZ said, the Cambodian government has prioritized Preah Sihanouk’s development due to its strategic location. The province boasts Cambodia’s prime trading hub with unparalleled seaport and airport access, making it an ideal location for international trade. Additionally, Preah Sihanouk benefits from established Special Economic Zones and strong infrastructure, ensuring smooth operations for businesses.

OPPORTUNITIES: Investment Opportunities Abound

Preah Sihanouk offers a plethora of opportunities for investors. The emergence of the Regional Comprehensive Economic Partnership (RCEP) creates new trading dynamics, allowing businesses to optimize their industrial and supply chains.

According to the MPSEZ’s written on the official page, robust macroeconomic conditions pave the way for exploring new industrial opportunities, while exciting new government policies offer additional advantages. Cambodia’s thriving digital economy presents groundbreaking opportunities for forward-thinking businesses seeking a foothold in Asia’s digital future.

PAS: A Model of Success

The success of Sihanoukville Autonomous Port (PAS), Cambodia’s key international port, exemplifies the region’s potential. PAS recently reported a 24.4% revenue increase in the first four months of 2024 compared to 2023, highlighting the economic momentum of Preah Sihanouk.

Government Support for Real Estate Recovery

Recognizing a recent slowdown in real estate investment, the Cambodian government has taken proactive steps. In April 2024, a working group led by Dr. Hean Sahip, Secretary of State of the Ministry of Economy and Finance, approved six new investment projects in Sihanoukville.

These projects, encompassing diverse sectors like housing developments and hotels, represent a combined US$73 million investment and are expected to kickstart economic activity. This government support signals a commitment to revitalizing the real estate sector and strengthening Preah Sihanouk’s economic future.

Government Commitment to Development

The Cambodian government is actively shaping Preah Sihanouk’s future. A recent meeting led by Deputy Prime Minister Dr. Aun Pornmoniroth focused on finalizing the draft report for the “Master Plan to Develop Preah Sihanouk Province into a Model Multi-Purpose Special Economic Zone” and the accompanying “Action Plan Report.” This commitment to comprehensive development ensures a bright future for the region.

Invest in Preah Sihanouk and unlock your business potential in Cambodia’s thriving economic hub!