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Cambodia Courts Chinese Investment for Sihanoukville Development
Cambodia seeks to attract Chinese investment to develop Preah Sihanouk province into a major economic hub by 2038, offering significant incentives and infrastructure upgrades.
English
China
ChinaInternational TradeInfrastructureEconomic DevelopmentForeign InvestmentSoutheast Asia
Ministry Of Economy And Finance (Cambodia)Preah Sihanouk Province Investment Promotion Working GroupCambodian Investment Board
Phan PhallaChea Kok HongNut Unvoanra
- What are the key development plans for Sihanoukville?
- The government plans to develop Sihanoukville into a major global trade and logistics center, international multimodal transport hub, financial center, and a pilot smart city in Southeast Asia.
- What is Cambodia's goal for Preah Sihanouk province by 2038?
- Cambodia is aiming to transform Preah Sihanouk province into a multipurpose special economic zone by 2038, attracting Chinese and other investors to drive industrialization and innovation.
- What is the role of China in Cambodia's investment landscape?
- China is Cambodia's largest source of foreign direct investment, and strong bilateral relations foster confidence in trade and investment, making Cambodia an attractive destination for Chinese investment.
- What incentives are offered to attract investors to Preah Sihanouk?
- Incentives offered to investors include profit tax exemptions and surpass those in Cambodia's investment law, such as a six-year exemption for garment industry investments made in Preah Sihanouk by the end of 2025.
- What is the significance of the Sihanoukville Special Economic Zone?
- The Sihanoukville Special Economic Zone, a flagship Belt and Road Initiative project, houses around 190 companies, creating about 30,000 jobs. It serves as a model for industrial zone development.