China’s Urban Planning Institute Helps Cambodia Develop SHV into a Multi-Purpose SEZ

• 19 October 2021
• Local News
• 2381 Views

The Ministry of Economy and Finance (MEF) and the Urban Planning and Design Institute of Shenzhen (UPDIS) have signed a master plan consultancy contract agreement, whereby the institute will provide services in preparing a master plan to transform Sihanoukville into a multi-purpose special economic zone.

The agreement was signed on 18 October virtually between MEF Secretary of State HE Phan Phalla, and UPDIS Director Mr Sima Xiao, under the chairmanship of MEF Minister HE Aun Pornmoniroth.

According to the MEF, the goal of the development of Sihanoukville into a multi-purpose model special economic zone is to promote development potential and sustainable development.

The master plan aims to develop and transform Sihanoukville into a major economic zone in Southeast Asia and an advanced industrial zone that serves the regional and global production chains, through the usage of technology and smart equipment.

Regarding this matter, in June 2021, Cambodian Prime Minister Samdech Hun Sen also issued a sub-decree establishing a new inter-ministerial committee to speed up work on this project, in which the top three ministers were listed as co-chairmen. (Read more and more)

• Economy and Finance
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