Cambodia Set to Invest Nearly USD 1 Billion in Sihanoukville’s Development as a Regional Logistics Hub

• 27 March 2025
• Local News
• 1813 Views

In a significant step towards enhancing its economic infrastructure, the Cambodian government has unveiled plans to invest nearly USD 1 billion in developing Sihanoukville into a major regional logistics hub by 2029.

This ambitious investment will unfold in three key phases. The first phase, focusing on the expansion of Sihanoukville Port, is already underway, funded by a loan of approximately USD 200 million from Japan. The remaining investment is projected to be around USD 600 million, allocated to facilitate the subsequent phases of the project.

Prime Minister Hun Manet emphasised that this substantial investment is designed to elevate Sihanoukville to its status as an international port and establish it as the most pivotal logistics hub in the region. Additionally, he pointed out the significant growth potential of Sihanoukville, which is at the heart of the “Government’s Special Program to Promote Investment in Sihanoukville Province 2024.” This initiative aims to continue providing special benefits to investors until 2025.

In alignment with this vision, Preah Sihanouk province has reaffirmed its commitment to the “Special Program to Promote Investment” through a continued offer of incentives until 2025. As a result, a special task force has processed 302 investment incentive applications, with 269 projects receiving “Letters of In-Principle Approval” so far. To further spur development, the Royal Government has also recently approved a coastal province development project. Preah Sihanouk province serves as the central base for these efforts, as highlighted by the King.

This comprehensive strategy underscores the Cambodian government’s dedication to fostering economic growth and improving regional connectivity through targeted investment in infrastructure, setting the stage for Sihanoukville’s transformation into a key logistics hub in Southeast Asia.

• Projects Development
• Policy and Strategy
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