Cambodian Gov’t Revitalises 165 Stalled Projects in Sihanoukville in Record 10 Months

Cambodian Gov’t Revitalises 165 Stalled Projects in Sihanoukville in Record 10 Months

The Cambodian government has tackled 165 previously stalled projects within just ten months, spurred by the Sihanoukville Investment Promotion Team’s special incentive program, initiated by Prime Minister Hun Manet on 31 January 2024 and active through October 2024.

According to an announcement on 24 October 2024 from the official task force’s Facebook page, the revitalized projects span various sectors covering micro, small, medium, and large initiatives from local and foreign companies and include 23 significant undertakings with investments surpassing USD 100 million.

The scope of the 165 projects is diverse: 85 stalled construction projects, 61 new ventures, 15 expansions, and four established projects now reactivated.

Noteworthy approvals in October alone cover 25 projects with a combined investment of USD 917 million. Among these 25 projects, 12 are associated with frozen buildings, 12 are new projects, and 1 is an expansion project, which includes a home decoration equipment factory, a bag production plant, and a multifunctional paper manufacturing site that also provides accommodation, hotel, restaurant, and resort facilities.

Additionally, Polish investment has supported the development of tourist resorts on Koh Rong, signaling a strategic push to draw European tourists and diversify Cambodia’s visitor base.

The array of new and reactivated projects also covers solar energy initiatives, component production facilities, business centers, and agro-industrial park developments.

- Video Advertisement -

Related Post

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

  • 31 January 2025

Two foreign companies, Nippon Koei Business Partners Co., Ltd. and Inoue Calcium Corporation, are set to make significant investments in Cambodia’s growing cashew processing sector. They aim to enhance the quality of cashew nuts for export, particularly to Japan. On January 30, 2025, two important meetings took place that could impact the future of Cambodia’s […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

  • 27 January 2025

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

  • 26 January 2025

In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]

Sihanoukville Autonomous Port Sees Striking Growth in 2024 Revenues

Sihanoukville Autonomous Port Sees Striking Growth in 2024 Revenues

  • 23 January 2025

In a year of remarkable achievements, the Sihanoukville Autonomous Port has emerged as a standout performer in Cambodia’s logistics sector, with projected earnings exceeding USD 110 million in 2024. According to a recent report from the Ministry of Public Works and Transport, this impressive financial leap marks a growth of over 24% compared to last […]

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

  • 22 January 2025

Cambodia is set to establish private trade centers in London and New Delhi to promote Cambodian products in international markets and draw foreign investors. This initiative was discussed during a meeting on January 20, 2025, between Lok Chumteav Chamnimol, the Minister of Commerce, Tycoon Lim Bunsour, CEO of AZ Group, and Mr. Jas Sohl, Director […]

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

  • 20 January 2025

Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]