Preah Sihanouk province is moving ahead with an ambitious investment and tourism strategy that could reshape its economic future. During a recent meeting, the Provincial Investment Promotion Working Group reviewed 15 investment and business proposals valued at more than $39 million while mapping out a long term plan to transform Koh Rong into a world class tourism destination. The initiative aims to attract new investors, create jobs, and strengthen Cambodia’s position as a competitive regional tourism hub.
The projects, which were discussed under the leadership of Hean Sahib, Advisor to Prime Minister Hun Manet and Chairman of the working group, are expected to generate around 1,000 employment opportunities. By combining industrial growth with sustainable tourism development, the government hopes to accelerate economic recovery and unlock new opportunities for local communities and businesses.
Diverse Projects Set to Boost the Local Economy
The investment proposals cover a broad range of industries that could help diversify the province’s economy. Planned developments include a ventilation equipment manufacturing and assembly plant, a parquet flooring factory, mixed use developments, a night market, and several tourism resort projects.
These investments are expected to create stronger business activity across multiple sectors while improving the province’s appeal to both local and international investors. The combination of manufacturing and tourism related projects reflects a strategy designed to build a more balanced and resilient economy.
Speaking during the meeting at the Ministry of Economy and Finance, Sahib emphasized that attracting investment requires more than financial incentives. He noted that administrative procedures must become more efficient and that government agencies need to work closely together to support businesses and solve challenges quickly.
Government Focuses on Investor Friendly Policies
Officials highlighted the importance of creating a business environment that is simple, transparent, and supportive. Streamlined approval procedures, improved investor services, and stronger coordination between public institutions are expected to make Preah Sihanouk a more attractive destination for both domestic and foreign investors.
The government also plans to continue strengthening workforce skills, encouraging the use of locally sourced materials, and building stronger industrial connections with higher value industries. These measures are intended to ensure that investment delivers long term economic value rather than short term gains.
Koh Rong Positioned as a Global Tourism Destination
A major focus of the meeting was the future of Koh Rong, an island already known for its natural beauty and growing international reputation. Officials discussed new investment incentives and development strategies aimed at turning the island into one of the region’s leading tourism destinations.
The long term vision centers on eco tourism, luxury hospitality, and wellness tourism. By protecting its natural environment while promoting high quality visitor experiences, Koh Rong could attract travelers seeking premium and sustainable tourism options.
According to the working group, Koh Rong City covers more than 11,300 hectares and features approximately 61 kilometres of coastline, including 43 kilometres of sandy beaches. The island was recently recognized among the world’s top 10 beaches in 2026, adding to its international appeal.
Large infrastructure projects are also supporting the island’s growth. Upgraded road networks, a planned 4C category airport, and an undersea power transmission system are expected to improve accessibility and create a stronger foundation for future tourism and business investment.
Growing Opportunities for Tourism Investment
Sahib noted that Cambodia’s island destinations continue to attract increasing numbers of international visitors, especially from Europe. This growing demand presents significant opportunities for new tourism related businesses and investment projects.
He stressed that careful planning and targeted government policies will play an important role in accelerating Koh Rong’s transformation into a high value tourism hub. At the same time, the province is continuing efforts to address long standing issues related to stalled construction projects and encourage renewed investment confidence.
The working group also encouraged investors to take advantage of the special incentives available under the government’s Preah Sihanouk investment promotion programme. These incentives include facilitation services and simplified approval procedures that are designed to make doing business in the province easier and more efficient.
Readers can find additional information through the original report published by Khmer Times.
Conclusion
The review of more than $39 million in new projects signals a strong commitment to the future of Preah Sihanouk province. By combining industrial investment with a bold tourism strategy for Koh Rong, Cambodia is creating new opportunities for economic growth, job creation, and sustainable development. If these plans move forward successfully, Koh Rong could become one of Southeast Asia’s standout island destinations while helping drive the province’s long term prosperity.