Gov’t Initiates Multi-Purpose Economic Corridors in Four Coastal Provinces

• 4 April 2024
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The Cambodian government is taking significant steps to establish multi-purpose economic corridors in four coastal provinces, namely Kampot, Koh Kong, Sihanoukville, and Kep. This initiative aims to enhance economic growth and development in the region, as announced by the official Facebook page of Preah Sihanouk Provincial Administration on 3 April 2024.

A crucial meeting of the inter-ministerial technical working group was convened on 1 April to discuss the transformation of Sihanoukville into a multi-purpose model economic zone (PAC). During the session, the group reviewed and provided macro-level technical insights on the Sihanoukville Development Master Plan, aligning it with the potential of the four coastal provinces to serve as a multi-purpose economic corridor and interface.

Key discussions during the meeting focused on augmenting the report’s content with relevant data and development strategies to ensure alignment with national policies and sub-national development agendas. The inter-ministerial working group pledged to incorporate these insights into the report before presenting it to the Royal Government for approval.

The first phase of the master plan for Sihanoukville’s development into a multi-purpose special economic zone has concluded successfully. Currently, the second phase is underway, addressing 12 pivotal aspects to ensure clarity and comprehensiveness in the plan’s execution. (Read more)

• Economy and Finance