Synopsis: The projects are expected to generate around 3,363 jobs and majorly contribute to the province’s transformation into a dynamic economic hub.
The Preah Sihanouk Province Investment Promotion Working Group Wednesday approved in principle a new wave of 35 investment and business projects with a total capital of approximately $327 million.
The projects are expected to generate around 3,363 jobs and contribute significantly to the province’s transformation into a dynamic economic hub.
A decision to the effect was taken by the Ministry of Economy and Finance, during the 17th meeting of the Investment Promotion Team under the chairmanship of Hean Sahib, Senior Advisor to the Prime Minister and Secretary of State at the Ministry. The meeting brought together senior officials and technical experts from relevant ministries and institutions.
According to a statement from the working group, the 35 approved projects include 22 stalled construction developments, 12 new investment ventures, and one expansion of an existing business. These projects span diverse sectors, including the development of special economic zones, industrial parks, animal feed production, home appliance manufacturing, hotel and hospitality investments, vacation residences, and commercial buildings.
This latest batch brings the total number of projects granted in-principle incentives in the first half of 2025 to 118, comprising 51 stalled projects, 54 new investments, 8 expansions, and 5 existing ventures.
Addressing the meeting, Hean Sahib emphasised the importance of the working group’s collaborative approach through the principle of “taking care of the old and finding new ones,” which has helped to tackle investment challenges and re-energise previously inactive developments.
He said that through proactive dialogue between the state and private sector, particularly within Preah Sihanouk province, the team has been able to facilitate requests, provide technical support, and address bureaucratic hurdles.
“This mechanism is not only about investment promotion but about contributing directly to the development vision of the Royal Government under a unified ‘Dynamics of Stakeholders System’ approach,” he said.
Hean Sahib further stressed that despite external economic headwinds, government institutions must double their efforts to coordinate effectively and prioritise the national interest.
He urged all actors to help transform “challenges into opportunities” by ensuring seamless service delivery, such as the timely issuance of licenses, permits, and certificates, so that investors can commence operations without unnecessary delays.
The investment push aligns with the government’s broader strategy under the “Special Program to Promote Investment in Preah Sihanouk Province 2024,” which is set to run through the end of 2025. The program aims to unlock the province’s potential as a regional economic powerhouse, while creating more employment opportunities and improving infrastructure.
According to the working group, Preah Sihanouk Province has emerged as a favourable investment destination, thanks to its improving public security, effective administration, and growing appeal to international investors and tourists.
Authorities said the province’s strategic coastal location and robust infrastructure make it ideal for multi-purpose development, including manufacturing, trade, tourism, and logistics.
The working group continues to encourage business operators and investors—both local and international—to engage with the Investment Promotion Team in Preah Sihanouk. By doing so, they can benefit from a package of special incentives including tax concessions, streamlined administrative processes, and fast-tracked approvals.
The meeting concluded with a renewed call for enhanced inter-agency cooperation and private sector participation to help drive Cambodia’s economic progress through targeted regional investments.
