PHNOM PENH: Sihanoukville has unveiled a new Special Incentive Package, unlocking a significant $2 billion investment boost for the city. This initiative builds on the success of the “Sihanoukville Special Investment Promotion Program 2024” launched in January this year.

The program has already approved special benefits for 63 projects. This latest package focuses on 22 new projects valued at over $2 billion USD, revitalizing Sihanoukville's investment scene.

Led by HE Dr. Hean Sahip, Secretary of State of the Ministry of Economy and Finance at a recent meeting of the Investment Promotion Working Group streamlined approvals and offered investor support, with representatives from Environment, Health, and Real Estate ministries ensuring a smooth process.

Sihanoukville's fresh Special Incentive Package, unlocking a staggering $2 billion investment across 22 projects, targets both reviving stalled construction and fostering new growth with projects tackling stalled construction, entirely new ventures across diverse sectors like car tire production and hotels, and expansion for existing businesses.

Open to all nationalities, these mixed-use projects welcome investment ranging from $100,000 to $500 million USD, catering to small, medium, and large enterprises. The program offers incentives for four project categories: rebooting stalled construction, launching new ventures operational in 2024, expanding existing businesses, and supporting current projects.

Benefits to all nationalities, including individuals, legal entities, and businesses of all sizes (micro, small, medium, and large) at no cost.

The working group expressed appreciation for the cooperation of relevant ministries and institutions. They actively encourage domestic and foreign investors to take advantage of this new incentive package by contacting the Sihanoukville investment promotion team.