Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
Cambodian Delegation Visits Hong Kong to Bolster Investor Relationship for Preah Sihanouk Province

Special Working Group Committed to Strengthening Chinese Investment in Preah Sihanouk Province

HONG KONG SAR - Media OutReach Newswire - 1 November 2024 - The Preah Sihanouk Province Investment Promotion Working Group is set to launch a two-city 'Invest in Preah Sihanouk Province Roadshow' in Xiamen and Hong Kong on October 30 and November 1, 2024. This initiative aims to foster investment in Cambodia's emerging economic hub, Preah Sihanouk Province, by showcasing the region's strategic advantages, robust infrastructure, and supportive government initiatives.

Delegates and Speakers at the Invest Preah Sihanouk Province Hong Kong Roadshow. From left to right: H.E. IM Sokthy, Chief Secretariat of Preah Sihanouk Province Investment Promotion Working Group; H.E. NUT Unvoanra, Deputy Secretary General of the Cambodian Investment Board; Mr. Rithy SEAR, Chairman of WorldBridge Group; H.E. Dr. PHAN Phalla, Vice Chairman of Preah Sihanouk Province Investment Promotion Working Group; H.E. LONG Dimanche, Deputy Provincial Governor of Preah Sihanouk Province; H.E. CHEA Kok Hong, Secretariat Director of MPSEZ for Preah Sihanouk Province Masterplan; Mr. Kenny Yeung, Deputy CEO, Bank of China (Hong Kong), Phnom Penh Branch; and Mr. Li Qijun, Chief Planner, Urban Planning & Design Institute of Shenzhen.
Delegates and Speakers at the Invest Preah Sihanouk Province Hong Kong Roadshow. From left to right: H.E. IM Sokthy, Chief Secretariat of Preah Sihanouk Province Investment Promotion Working Group; H.E. NUT Unvoanra, Deputy Secretary General of the Cambodian Investment Board; Mr. Rithy SEAR, Chairman of WorldBridge Group; H.E. Dr. PHAN Phalla, Vice Chairman of Preah Sihanouk Province Investment Promotion Working Group; H.E. LONG Dimanche, Deputy Provincial Governor of Preah Sihanouk Province; H.E. CHEA Kok Hong, Secretariat Director of MPSEZ for Preah Sihanouk Province Masterplan; Mr. Kenny Yeung, Deputy CEO, Bank of China (Hong Kong), Phnom Penh Branch; and Mr. Li Qijun, Chief Planner, Urban Planning & Design Institute of Shenzhen.

Designated as a Multi-Purpose Special Economic Zone (MPSEZ), Preah Sihanouk Province is poised for significant investment growth. It offers strategic advantages for Hong Kong investors, including a deep-water port and access to emerging markets within Cambodia's expanding economy. The MPSEZ, paired with a growing tourism sector, creates diverse opportunities across various industries, making it an attractive long-term investment destination. The Master Plan aims to transform Preah Sihanouk Province into a regional logistics hub, further establishing the province as an international gateway for trade, finance, and tourism. By emphasising sustainable development and innovation, Preah Sihanouk Province presents compelling opportunities for high-value investments.

As a showcase of strong commitment from the government and the Prime Minister, Dr. HEAN Sahib, Advisor to Prime Minister of Cambodia; Secretary of State, Ministry of Economy and Finance; Chairman of Preah Sihanouk Province Investment Promotion Working Group, was appointed as Chairman of Preah Sihanouk Province Investment Promotion Working Group. Dr. HEAN Sahib stated that 'This roadshow is not just an event; it is a collaborative forum designed to facilitate meaningful conversations and partnerships. We are eager to share the unique advantages of investing in Preah Sihanouk, from our strategic location to our rich cultural heritage, and we invite you to engage in discussions that can lead to innovative solutions for both challenges and opportunities.'

Guests actively listen to the presentation during the investment roadshow, demonstrating strong interest in the potential of Preah Sihanouk Province as a prime investment destination.
Guests actively listen to the presentation during the investment roadshow, demonstrating strong interest in the potential of Preah Sihanouk Province as a prime investment destination.

H.E. Dr. PHAN Phalla, Secretary of State at the Ministry of Economy and Finance and Vice Chairman of the Preah Sihanouk Province Investment Promotion Working Group, stated, 'Our distinguished guests from Hong Kong are poised to gain a comprehensive insight into the vast potential and incentives offered by Preah Sihanouk Province. We envision a trajectory of mutual growth, underpinned by our unwavering belief in the expansion of Cambodia's economy extending to Preah Sihanouk Province. Your interest and investment will play a pivotal role in solidifying the province's position as a hub for tourism, logistics, manufacturing, construction and finance. The government is steadfast in its commitment to elevating this region into a premier destination for industry, tourism, and investment through the 'Special Program to Promote Investment in Preah Sihanouk Province 2024.' This strategic initiative not only addresses existing challenges but also nurtures a conducive business environment, bolstered by our streamlined 'One-Stop-Window' for investment facilitation. Furthermore, we are thrilled to unveil the establishment of the new MPSEZ, aimed at diversifying our economy and enhancing our reputation as an international gateway. We eagerly anticipate the opportunity to engage with our esteemed counterparts in Hong Kong, as we explore a multitude of collaboration prospects in Preah Sihanouk Province.'

Furthermore, the deepening relationship between the Hong Kong government and Cambodia underscores the potential for collaboration. Recent initiatives include the exchange of 13 Memoranda of Understanding (MoUs) and engagements in the Belt and Road Initiative, culminating in several business agreements. A significant tax agreement signed in late 2019 further emphasises the commitment to avoid double taxation and prevent fiscal evasion related to income taxes. As Hong Kong investors seek new avenues for growth, the upcoming roadshow offers a unique opportunity to explore the promising prospects in Preah Sihanouk Province with his pact highlighting both Hong Kong and Cambodia's dedication to nurturing a transparent and mutually advantageous economic partnership.

The roadshow aims to facilitate networking between Hong Kong business leaders and key agencies from Cambodia, including the Ministry of Economy and Finance (MEF) and the Council for the Development of Cambodia (CDC), as well as representatives from the private sector. Leading the delegation is His Excellency Dr. PHAN Phalla, Secretary of State at the Ministry of Economy and Finance and Vice Chairman of the Preah Sihanouk Province Investment Promotion Working Group, whose vision and leadership are instrumental in advancing Cambodia's economic landscape. He is accompanied by esteemed officials, including H.E. IM Sokthy, Chief Secretariat of the Preah Sihanouk Province Investment Promotion Working Group; H.E. NUT Unvoanra, Deputy Secretary General of the Cambodian Investment Board; H.E. CHEA Kok Hong, Secretariat Director for the Multi-Purpose Special Economic Zone Masterplan; H.E. LONG Dimanche, Deputy Governor of Preah Sihanouk Province; Mr. Rithy SEAR, Chairman of Worldbridge Group; and Mr. Kenny YEUNG, Deputy CEO of Bank of China (Hong Kong) Phnom Penh Branch.


The issuer is solely responsible for the content of this announcement.

About Preah Sihanouk Province

Preah Sihanouk Province is in southwest Cambodia, a deep-water port city that is rapidly growing and diversifying. It is a province with high potential for attracting investment, with a favourable location for tourism development, main infrastructure, such as deep-sea ports, airports, and expressways to serve for the investment, and some existing big special economic zones.


About Ministry of Economy and Finance

The Ministry of Economy and Finance (MEF) is responsible for administering financial and economic policy in Cambodia. Established by the Royal Government, the MEF guides and oversees economic and financial affairs to foster development and enhance the lives of citizens, adhering to principles of market economy and social equity.


About Preah Sihanouk Province Investment Promotion Working Group

Preah Sihanouk Investment Promotion Working Group is an inter-ministerial mechanism acting as a 'One-Stop-Window', responsible for leading, coordinating and implementing this special program, including measures to resolve unfinished investment projects in Preah Sihanouk province.


Preah Sihanouk Province Investment Promotion Working Group

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Saturday, November 2, 2024  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Own Your Valentine's Look With Catrice: Flawless Brows & A Blush That Speaks Love [56933-Views]
SHEGLAM X Hello Kitty Returns for Valentine's Day with an Even Sweeter and Dreamier 2.0 Co... [55715-Views]
Host with Heart: REDTAG's Ramadan Home Collection Elevates Every Gathering [37134-Views]
Under the Patronage of Prince Khalid Al-Faisal, Governor of Makkah Region Experts from the... [35830-Views]
Rybakina edges out jabeur in three-set classic at mubadala abu dhabi open [17556-Views]
Hafeet Rail Awards Three Strategic Contracts and Secures a Landmark Agreement to Advance O... [16076-Views]
Hotpack launches CEO Excellence Awards to recognise outstanding employee performance [15190-Views]
ADNOC distribution reports record EBITDA for FY2024 and accelerates operational growth [13255-Views]
Panasonic and Beamcast join forces to accelerate broadcast innovation in Qatar [12136-Views]
Zayed Sustainability Prize Opens Global Call for Transformative Solutions [9414-Views]
Emirates and Air Peace sign interline agreement, expanding travel choices to 13 cities in ... [9381-Views]
João Almeida battles towards podium as Volta Valenciana heats up [9155-Views]
Manchester City Abu Dhabi Cup returns as more than 2,500 young players from around the wor... [9028-Views]
Ajmal Perfumes Introduces The Untold Stories: A Landmark Collection of Five Exquisite Frag... [8659-Views]
Abu Dhabi Fund for Development strengthens global partnerships and sustainability at World... [8540-Views]
IHG Hotels at Dubai Festival City Unveils Exclusive Culinary Delights, Staycation Packages... [6863-Views]
AD Ports Group Reports Another Year of Record Results in 2024 with 69% YoY Growth in EBITD... [6724-Views]
Etihad Rail Announces Winners of Global Rail Innovation Award [6560-Views]
Gargash Mercedes-Benz Service Center in Deira Embarks on a New Era of Excellence, Innovati... [6392-Views]
Under the patronage of Khaled bin Mohamed bin Zayed, Department of Government Enablement l... [6347-Views]
UAE and Portugal explore ways to enhance cooperation in civil aviation, tourism, clean ene... [6261-Views]
Pogačar and UAE Team Emirates-XRG Set Sights on Victory at Home Race [6064-Views]
João Almeida finishes runner-up at Volta Valenciana [5920-Views]
Human Fraternity Ambassadors Gather to Discuss Peaceful Coexistence at the Zayed Award for... [5699-Views]
Bader Al Ghaith: The Emirati Entrepreneur Driving NO-VA's Success [5449-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories