Phnom Penh: The 26th meeting of the Investment Promotion Working Group in Preah Sihanouk Province has agreed on 10 additional investment and business projects with a total investment capital of more than 72 million US dollars and is expected to help create new job opportunities for approximately 800 people. The meeting was held on the afternoon of July 22, 2026 at the Ministry of Economy and Finance, under the chairmanship of Dr. Hean Sahib, Advisor to the Prime Minister and Chairman of the Working Group, with the participation of representatives of ministries, institutions, provincial administrations, and many relevant experts.
Project to create a small and medium-sized enterprise cluster, metal processing factory, plywood processing factory, resort project, hotel and residential building project.
In addition, the same report stated that from 2024 to the second quarter of 2026, the working group has already decided to provide incentives and simplify procedures for a total of 491 projects with an estimated investment capital of approximately 8.4 billion US dollars and can create more than 60,000 job opportunities. Among them, there are 216 projects related to stalled buildings, 235 new projects not related to stalled buildings, 25 expansion projects and 15 existing projects.
In that, Dr. Hean Sahib mentioned that the current investment climate in Preah Sihanouk Province is showing positive signs. Through face-to-face interviews, investors expressed confidence that the government’s recent measures have indeed helped restore confidence, allowing investment activities in the real estate, tourism and industrial sectors to continue to be active.
Notably, the industrial sector in the province has tended to use more local raw materials, such as planted wood, wood chips, cassava flour, rubber and salt, etc. This is a new opportunity that requires additional encouragement and support from all relevant institutions under the “one-player system” approach to solve problems for investors “as a package” with proactivity and transparency.
Finally, the team continued to call on and encourage all businessmen and investors to apply for incentives. and other procedural simplifications free of charge through the working group office in Sihanoukville or the headquarters in Phnom Penh, located on the 21st floor of the Business Development Center building in Chroy Changvar District.
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