PHNOM PENH: The Royal Government of Cambodia has agreed in principle to grant special incentives to 24 investment and business projects in Preah Sihanouk province, with a combined investment value of more than US$208 million.
The decision was made during a working group meeting held on Jan. 13 at the Ministry of Economy and Finance, under the chairmanship of H.E. Dr. Hean Sahib, the ministry’s Secretary of State and Chairman of the Preah Sihanouk Province Investment Promotion Working Group.
The approved projects comprised eight stalled building-related projects, 15 new investments and one expansion project. These projects would generate around 3,120 jobs once operational.
The working group and relevant ministries will continue to work closely with investors to address outstanding requests, streamline procedures and ensure the timely delivery of practical incentives.
H.E. Dr. Hean Sahib stated that the Royal Government has agreed to extend the special investment promotion programme in Preah Sihanouk province for a further two years, until the end of 2027.
The extension includes four additional measures aimed at accelerating investment and business activity, with the longer-term objective of transforming the province into a model, multi-purpose special economic zone and a key national growth pole.