More than 80 businesspeople and investors gathered at an economic and trade cooperation meeting between Wuxi city and the Sihanoukville Special Economic Zone to seek investment partners in priority sectors including industry, trade, tourism, real estate and transport.
The meeting took place on the morning of October 16 at Novotel Resort in Sihanoukville, chaired by Preah Sihanouk Governor Mang Sineth, Wuxi Party Secretary Du Xiao Gang of Jiangsu province, and ឈិន ជីនកាង, chairman of the Sihanoukville Special Economic Zone.
Addressing the more than 80 businesspeople and investors, the governor said: “We are ready to cooperate with all businesspeople in coordinating their work to create lawful investment opportunities quickly, transparently and efficiently.” He also hoped that good cooperation between Preah Sihanouk and Wuxi would help the special economic zone welcome its 300th investment company soon.
Mang Sineth also urged the zone’s chairman to cooperate with the provincial administration when new factories invested in the zone, so the administration could help follow up, coordinate and accelerate procedures.
The governor also highlighted the special investment promotion programme launched by Cambodia’s prime minister in 2024 exclusively for Preah Sihanouk province. He said its tax incentives included three-year exemptions from income tax, income tax prepayments and minimum tax, as well as other tax incentives. The state would bear import taxes and duties on construction equipment, production equipment and production inputs. Administrative support included waiving public service fees and simplifying construction permits and investment and business procedures, including applications for licences, certificates and other permits.
The Sihanoukville Special Economic Zone serves as a bridge and platform to deepen economic, social, industrial, trade, tourism, education and health cooperation between Preah Sihanouk and Wuxi in Jiangsu province, as well as cooperation between the two countries.
Article: ង៉ែត ពិសាន្ត
Photos: Keo Dara
