$267 Million in New Investments Approved to Boost Preah Sihanouk’s Growth

Strong Investment Boost for Preah Sihanouk

Preah Sihanouk province is witnessing renewed investor confidence, with 19 new projects valued at $267 million approved under the Royal Government’s “Special Investment Promotion Program in Sihanouk Province.” Since the program’s launch, nearly 400 projects have now benefitted from these incentive policies.

High-Level Meeting Approves New Projects

The latest approvals followed a meeting on November 24 at the Ministry of Economy and Finance, chaired by Hean Sahib, Head of the Working Group for Investment Promotion in Preah Sihanouk. Senior representatives from multiple ministries and the provincial administration attended the discussions.
Sahib praised the working group’s consistent dedication over the past two years, emphasising its responsible implementation and adherence to proper mechanisms.

Four Key Priorities of the Special Investment Program

The program continues to accelerate investment by focusing on four core tasks:

• Providing tax incentives and simplifying administrative procedures
• Promoting high-quality and sustainable investments
• Increasing the use of domestic labour while supporting skills transfer
• Encouraging the use of local raw materials in production

19 New Projects to Create Over 1,800 Jobs

The newly approved projects are expected to generate 1,845 jobs. They include seven stalled construction sites and twelve newly proposed developments. Investment sectors cover:
• Hotel and mixed-use building construction
• Automobile repair equipment manufacturing
• Furniture and handcrafted panel production
• Fruit-processing and grain-processing factories
• Clean water production facilities
• Electricity supply projects