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Officials and researchers on June 29 threw their full support behind a master plan to transform the coastal Preah Sihanouk province into a Model Multi-Purpose Special Economic Zone (SEZ) after a new study found that the positives outweighed the negatives in terms of the impact of Sihanoukville’s urban development and socio-economic changes on national economic development.
The government has greenlit development of Koh Sramoch in Preah Sihanouk province after the investment company the island had been leased to revised its master plan for the site to focus on tourism development.
The Ministry of Economy and Finance has encouraged the Urban Planning Design Institute of Shenzhen (UPDIS) to accelerate its preparation of a master plan to develop Preah Sihanouk province into a Model Multi-Purpose Special Economic Zone (SEZ).
Japanese Prime Minister Fumio Kishida has announced his continued support for deep-sea port development in Preah Sihanouk province, saying that it contributes to the development of Cambodia, and pledged to maintain financial assistance for the project.
The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at $710 million in the first three months of 2022, marking a 50.74 per cent rise year-on-year from $471 million, the operator said in a statement on April 23.