A delegation from the Singapore Business Federation will arrive in Sihanoukville on August 2023, 8 to conduct in-depth research on the investment potential and market opportunities in the area.
During the visit, Em Pheap, deputy governor of Sihanoukville, said that the area has rich natural resources, coastal areas, road infrastructure, tourism activities, environmental management, and important trade projects within the province and Cambodia. As a new economic artery in southwest Cambodia, Sihanoukville has a national-level deep-sea international port and a complete infrastructure network including waterways, railways, roads, aviation and highways, making it an important tourism and trade center in the region. Sihanoukville is rich in natural resources, including beaches, islands, forests and mountains, which provide tourists with a variety of leisure and adventure activities. In addition, the area is also home to many historical sites and world cultural attractions, such as Angkor Wat and Poblenou Temple, which attract a large number of domestic and foreign tourists to visit. In addition to tourism activities, Sihanoukville's industry and trade have also achieved remarkable development. There are several large-scale industrial projects in the area, such as the Sihanoukville Integrated Industrial Zone and the China Capacity Cooperation Demonstration Park, which have created many jobs for the local area. In addition, Sihanoukville is also one of the important ports for trade between Cambodia and my country, playing a key role in the development of Cambodia's economy. The developers of Sihanoukville are fully aware of its geographical location and resource endowment and are committed to developing the region into an economic development engine for Cambodia. In the future, Sihanoukville will continue to increase investment and reform efforts to promote the upgrading of industrial structure to meet the growing needs of the Cambodian people and the challenges of the international market.
In recent years, Sihanoukville has achieved rapid growth in economic infrastructure and its population has also shown an increasing trend. Significant progress has also been made in key areas such as industry, trade, tourism, agriculture, finance, education, construction and real estate.
Andre Paradoli, deputy governor of Sihanoukville, said that in order to develop Sihanoukville into a multifunctional special economic zone, in-depth research and division are needed, including different areas such as residential areas, commercial areas, industrial areas, administrative areas, tourist areas and religious and cultural areas. The goal of this plan is to attract foreign investment and tourists and make Sihanoukville a city with global competitiveness and multicultural characteristics. To achieve this goal, the province will formulate a series of policies and measures, including infrastructure construction, attracting foreign investment, developing tourism, improving the quality of port services and expanding the scale of the port. In addition, it will actively promote exchanges and cooperation between Sihanoukville and other cities, promote the development of the regional economy and enhance the international status of Sihanoukville. Deputy Governor Paradoli also emphasized that Sihanoukville will strive to create a vibrant and diverse city to provide residents and tourists with the best leisure and life experience. We believe that through hard work and continuous exploration, Sihanoukville will be able to become one of the most important economic and tourism centers in Cambodia, bringing more benefits and opportunities to the country and the people.
Mr. Em Pheap mentioned an interesting investment opportunity, namely, investing in smart city projects in Sihanoukville. As Sihanoukville continues to develop, it is gradually becoming a smart city. To promote the realization of this goal, the city is actively looking for partners to carry out market-related smart parking development projects. Smart city projects require a variety of services to support the development of the city, including digital technology professionals, urban planning and implementation of priority projects, such as smart waste management, education, healthcare and smart water systems. These projects will provide urban residents with a more convenient, efficient and intelligent living experience, while also promoting the development of the urban economy and attracting more investment. Smart city projects will use advanced technical means and intelligent management methods to realize the intelligence of urban transportation, environment and management. For example, smart parking projects will use smart sensors and predictive algorithms to realize automated parking management, improve parking utilization and reduce resource waste. Smart waste management projects will use IoT technology and data analysis to realize the automation of waste resource utilization and recycling, reduce landfill and disposal costs, and reduce environmental pollution. Smart city projects are a very promising investment area that provides investors with unlimited development opportunities. If you are interested in smart city projects, you can work with local governments, businesses and financial institutions to jointly promote the development of smart cities.
During their visit to Sihanoukville, Singapore Business Federation Chairman Gary Lim and Aquarii BD Cambodia Executive Director Michael Tan expressed their high appreciation for the location’s rapidly developing leadership. They believe that Sihanoukville has great potential to attract tourists and investors, so they have a strong interest in this land full of development prospects. This visit made them pay more attention to the potential and development prospects of Sihanoukville Port, and hope to have a deeper understanding and explore development opportunities in the region.
