Sihanoukville touts investment potential to Thai delegation

PHNOM PENH: According to a report by AKP news, a delegation from the Thai Enterprise Development Division met with the Sihanoukville provincial administration on August 17 to discuss investment potential in the province.  The delegation was led by Mr. Audsitti Sroithong, Director of the Thai Enterprise Development Division.

The Deputy Governor of Sihanoukville, , welcomed the delegation and highlighted the province's investment potential. He noted that Sihanoukville has beautiful beaches, 32 tourist islands, and rich ocean resources.

He also mentioned that the province's deep-sea port is a gateway for about 70 percent of goods imported into and exported from Cambodia. The port is currently 9.5 meters deep, but it will be expanded to 14.5 meters by 2030 and then to 17.5 meters to accommodate larger transport vessels.

Mr. Dimanche also said that Sihanoukville is home to special economic zones and some 170 factories. The Royal Government of Cambodia is expanding the province's airport and connecting it by railway and highway to Phnom Penh and other provinces. Sihanoukville has been cooperating well with the provinces of Trat and Chanthaburi in Thailand.

Mr. Audsitti Sroithong appreciated the briefing and spoke highly of Sihanoukville's rapid development. He expressed optimism about Thailand's investments in the province shortly. He also proposed the establishment of an investment coordination mechanism between the province and the Thai Chamber of Commerce.

Recently, Cambodia's Minister of Commerce, H.E. Pan Sosak, met with a delegation from the Thai Chamber of Commerce led by Mr. Voratat Tantimongkolsuk and Mr. Audsitti Sroithong, Director of the Thai Enterprise Development Division. The meeting aimed to discuss trade and investment opportunities between Cambodia and Thailand.

The meeting between Sosak and the Thai Chamber of Commerce delegation was a positive step towards further strengthening the economic ties between Cambodia and Thailand. The two countries have a lot to offer each other in terms of trade and investment, and the relationship will continue to grow in the years to come.

Bilateral trade between Cambodia and Thailand in 2022 was worth more than $4.6 billion. For the first six months of 2023, the bilateral trade volume amounted to more than $1.9 billion.

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