The Royal Government to develop "Sihanoukville" into three major economic poles

date_range 10-Jul-2024
visibility 14

"Master Plan for the Development of Sihanoukville into a Multi-Purpose Special Economic Zone" is a compass for developing Sihanoukville into an important economic pole aimed at boosting economic growth. Sustainable and sustainable social development and environmental protection. This is an important new development of the Royal Government of the 7th legislature of the National Assembly in accordance with the "Pentagon Strategy Phase 1" under the leadership of Samdech Thipsdei Hun Manet , Prime Minister of the Kingdom of Cambodia.

According to the press release on the third meeting of the Inter-Ministerial Coordinating Committee for Master Planning to develop Sihanoukville into a Multi-Purpose Special Economic Zone (SEZ) on the morning of July 9, 2024, said that this "master plan" has a long-term vision to develop Sihanoukville to:

1. Cambodia's international gateway to become a multimodal transport and logistics hub, a business center and an international financial center.

2. Paul develops the nation by becoming a global destination for coastal and archipelago tourism, the National Center for Industrial Development and the National Center for Technological Innovation.

3. A major city in ASEAN with a reputation as a sustainable, multicultural and intelligent green model city.

To achieve this vision, the "Master Plan for the Development of Sihanoukville into a Multi-Purpose Special Economic Zone" will be implemented in two phases:

Phase 1 "2025-2028": Focus on the integration of Sihanoukville into the regional trading system, expansion of logistics and tourism, as well as the improvement of the old city, and develop new areas, including attracting high value-added investment.

And Phase 2 "2029-2038": Sihanoukville will strengthen its role as a national gateway and a regional hub in the areas of finance, trade, industrial development, transportation and technology as well as developing itself into a multi-functional city suitable for entrepreneurship, green cities and smart cities, as well as a high-income province with prosperity.