Cambodian province woos Chinese investors

Cambodia is looking to attract more Chinese investors to its Preah Sihanouk Province for high-quality development, as it transforms the coastal region into a multipurpose special economic zone by 2038.

"We want to attract investors from China and other (countries) to Preah Sihanouk … and make the province like Shenzhen that can drive industrialization and innovation," said Phan Phalla, secretary of state at Cambodia's Ministry of Economy and Finance, referring to the special economic zone in South China's Guangdong province.

The government aims to turn Preah Sihanouk — home to Cambodia's only deep-water port — into a real economic port that will fuel growth in neighboring provinces, Phan, also vice-chairman of the Preah Sihanouk Province Investment Promotion Working Group, told China Daily.