Inter-Ministerial Committee Established to Accelerate Sihanoukville Multi-Purpose SEZ Plan

• 11 June 2021
• Local News
• 5262 Views

The Cambodian government has issued a sub-decree establishing a new inter-ministerial committee, with the designated tasks of creating policies and land management plans to develop Sihanoukville into a multi-purpose special economic zone as soon as possible.

According to Sub-Decree No. 82 issued on 09 June 2021, the committee has a total of 25 members, with the Minister of Land Management, Urban Planning and Construction as the chairman and the Minister of Public Works and Transport, and the Ministry of Industry as the two vice-chairmen.

This inter-ministerial working group has the duties to lead, coordinate, provide strategic and technical guidance, monitor, and report on the progress of creating policies and land management plans to transform Sihanoukville into a Multi-Purpose SEZ.

In addition, this committee will also have to seek and cooperate with national and international development partners in term of both technical and financial matters.

The establishment of the inter-ministerial commission is another step forward to the government’s major goal of transforming Sihanoukville into a large-scale industrial city similar to Shenzen in China.

The government has thus far developed and improved a lot of infrastructure including the 34-road and 11-road renovation projects, the port and airport expansions, and the wastewater treatment plant, among others.

With the government’s ambition as the reference, real estate experts have predicted that the current slowdown in investment activities in Sihanoukville now is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. (Read more)

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