Sihanoukville to be transformed into Cambodia’s industrial hub

From gambling to multi-purpose industry: The Cambodian government has developed a roadmap to turn the coastal town of Sihanoukville into an industrial hub by turning it into a special economic zone over the next decade.

“We want to create a second Shenzhen”, Cambodia’s ministry of economy and finance and secretary of state, Vongsey Vissoth, said, referring to the busy town in southern China neighbouring Hong Kong whose industry is built on high-tech, finance and  logistics and which was the country’s first special economic zone, a status given to it in 1980.

“It cannot just be about the casinos [in Sihanoukville]. It has to be an industrial city with services, technology and tourism,” the minister said, noting that the government wanted to transform Sihanoukville into a “multi-purpose city” with the ability to produce value-added products for Cambodia to export, starting with a first phase as part of the implementation of Cambodia’s Industrial Development Policy 2015-2025.

Airport, sea port and railway connection

Located along the Cambodia’s southern coast, Preah Sihanouk province boasts an international airport, the country’s only deep-sea port and a railway line which connects it to Phnom Penh.

Its construction sector has attracted billions of dollars in investment over the last few years – most of which came from China. The casino industry had been booming until last year, with large swathes of Chinese tourists and investors coming in to gamble.

However, gambling activity has slowed down, following a government directive to ban all forms of online gambling in August. This led thousands of Chinese nationals to quit the province, leaving behind its now-quiet provincial capital littered with unused buildings.

In May, the government in Phnom Penh commissioned the Urban Planning and Design Institute of Shenzhen to map out the master plan for Sihanoukville. The institute is well renowned for helping craft the Shenzhen master plan which helped transform the formerly sleepy Chinese fishing village into a sprawling international metropolis.



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From gambling to multi-purpose industry: The Cambodian government has developed a roadmap to turn the coastal town of Sihanoukville into an industrial hub by turning it into a special economic zone over the next decade. “We want to create a second Shenzhen”, Cambodia’s ministry of economy and finance and secretary of state, Vongsey Vissoth, said, referring to the busy town in southern China neighbouring Hong Kong whose industry is built on high-tech, finance and  logistics and which was the country’s first special economic zone, a status given to it in 1980. “It cannot just be about the casinos [in Sihanoukville]....

From gambling to multi-purpose industry: The Cambodian government has developed a roadmap to turn the coastal town of Sihanoukville into an industrial hub by turning it into a special economic zone over the next decade.

“We want to create a second Shenzhen”, Cambodia’s ministry of economy and finance and secretary of state, Vongsey Vissoth, said, referring to the busy town in southern China neighbouring Hong Kong whose industry is built on high-tech, finance and  logistics and which was the country’s first special economic zone, a status given to it in 1980.

“It cannot just be about the casinos [in Sihanoukville]. It has to be an industrial city with services, technology and tourism,” the minister said, noting that the government wanted to transform Sihanoukville into a “multi-purpose city” with the ability to produce value-added products for Cambodia to export, starting with a first phase as part of the implementation of Cambodia’s Industrial Development Policy 2015-2025.

Airport, sea port and railway connection

Located along the Cambodia’s southern coast, Preah Sihanouk province boasts an international airport, the country’s only deep-sea port and a railway line which connects it to Phnom Penh.

Its construction sector has attracted billions of dollars in investment over the last few years – most of which came from China. The casino industry had been booming until last year, with large swathes of Chinese tourists and investors coming in to gamble.

However, gambling activity has slowed down, following a government directive to ban all forms of online gambling in August. This led thousands of Chinese nationals to quit the province, leaving behind its now-quiet provincial capital littered with unused buildings.

In May, the government in Phnom Penh commissioned the Urban Planning and Design Institute of Shenzhen to map out the master plan for Sihanoukville. The institute is well renowned for helping craft the Shenzhen master plan which helped transform the formerly sleepy Chinese fishing village into a sprawling international metropolis.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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