Government Revives Stalled Projects in Sihanoukville

• 24 January 2025
• Local News
• 1069 Views

The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totalling an investment capital of USD 564 million. This initiative is part of the ongoing effort to revitalise the coastal region and encourage the resumption of major developments.

During the 13th meeting on the “Special Program to Promote Investment in Sihanoukville Province 2024,” held on 23 January 2025, HE Hean Sahib, Advisor to the Prime Minister and Chairman of the Investment Promotion Working Group, emphasised the importance of these projects for the province’s economic recovery. The projects encompass a mix of developments, including 15 stalled building projects, 12 new initiatives, three expansions, and 12 non-stalled constructions.

These developments are expected to generate approximately 7,308 jobs for residents. Notable projects within this initiative include the Limited Customs Building Project, Koh Rong Sanloem Vacation Home Project, Eco-Agritourism Resort Project, Industrial Park Project, Hotel Project, and Multi-Functional Building Project.

Furthermore, the Cambodian government has committed to extending the “Special Program to Promote Investment in Preah Sihanouk Province 2024” through the end of 2025. This program aims to sustain current measures that promote the growth and development of Preah Sihanouk Province, aligning with the objectives set forth by the Government.

Additionally, as of December 2024, following the official announcement by Samdech Thip Dei Hun Manet on 31 January 2024, the working group has decided to provide special incentives for a total of 213 projects. This includes 101 projects of stalled buildings, 89 new ventures, 19 expansions, and four existing initiatives, further reflecting the government’s commitment to enhancing investment and development in the region. (Read more)

Stay tuned for more updates on these projects and their impact on the community and economy!

• Policy and Strategy