The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ).
The technical team will compile and analyse data on national land management policy, land use and planning in the Kingdom and specific policy on Sihanoukville. The group will work with relevant government ministries and institutions to come up with a land management and use policy for the province in accordance with the government’s vision of promoting relevant economic sectors.
The coastal province has become a third economic powerhouse for Cambodia, after Phnom Penh and Siem Reap.
Along with tourist attractions and the country’s largest port, Sihanoukville has seen rapid growth in the construction of mixed-use buildings.
Preah Sihanouk Provincial Hall spokesman Kheang Phearum said although the Coronavirus pandemic continues to present problems for the local economy it is important to develop the province in order to attract local and international investors and prepare for growth once Covid-19 is under control.
“Physical infrastructure in the province is an attractive factor for national and international investors in the near future. The infrastructure connected to the capital is also big enough to facilitate the [work of] existing investors,” he said.
Sihanoukville already has road and rail links with the capital and the Phnom Penh-Sihanoukville Expressway is nearly two-thirds finished. The province is building 34 new roads and expanding the port and airport.
From 2017 to December 2020 the province had a total construction permit of 1,514 buildings with a total area of nearly 1,500 hectares and total investment capital of more than $8 billion.
Sihanoukville Special Economic Zone, Sihanoukville SEZ1, Sihanokville SEZ 2 and Kampong Saom SEZ have combined investment capital of over $610 million according to data compiled by opendevelopmentcambodia.net.
Sihanoukville Special Economic Zone is the biggest SEZ in the Kingdom.