Sihanoukville, Preah Sihanouk Province, Cambodia

Economy | Sihanoukville Special Economic Zone | Trade | Economic prospects | Sihanoukville Port Special Economic Zone

🇰🇭 Sihanoukville, also known as Kampong Som is a coastal city in Cambodia and the capital of Preah Sihanouk Province, at the tip of an elevated peninsula in the country's south-west on the Gulf of Thailand. The city is flanked by an almost uninterrupted string of beaches along its entire coastline and coastal marshlands bordering the Ream National Park in the east. The city has one navigable river, the mangrove lined Ou Trojak Jet running from Otres Pagoda to the sea at Otres. A number of thinly inhabited islands – under Sihanoukville's administration – are near the city, where in recent years moderate development has helped to attract a sizeable portion of Asia's individual travelers, students, and backpackers.

The city, which was named in honour of former king Norodom Sihanouk, had a population of around 89,800 people and approximately 66,700 in its urban centre in 2008. Sihanoukville city encompasses the greater part of six communes (Sangkats) of Sihanoukville Province. A relatively young city, it has evolved in parallel with the construction of the Sihanoukville Autonomous Port, which commenced in June 1955, as the country's gateway to direct and unrestricted international sea trade. The only deep water port in Cambodia includes an oil terminal and a transport logistics facility. As a consequence, the city grew to become a leading national centre of trade, commerce, transport, and process manufacturing. Sihanoukville's many beaches and nearby islands make it Cambodia's premier seaside resort with steadily rising numbers of national visitors and international tourists since the late 20th century.

As a result of its economic diversity, the region's natural environment, and the recreational potential, an increasing number of seasonal and permanent foreign residents make Sihanoukville one of the most culturally varied and dynamic population centres in Cambodia. As of 2014 tourism remains insignificant in comparison with neighbouring Thailand. Sihanoukville's future will largely be defined by the authorities' ability to successfully manage natural resources on the one hand and the necessities of urban and insular development, increasing visitor numbers, expanding infrastructure, the industrial sector and population growth, on the other.

Despite being the country's premier sea side destination, after decades of war and upheaval the town and its infrastructure remain very much disjointed and architecturally unimpressive. Infrastructure problems persist, in particular related to water and power supply, while international standard health facilities remain limited.

Sihanoukville also faces challenges related to crime, security, and safety with the city frequently being the focus of scandals linked to serious organised crime, petty crime, and corruption.

In recent years, Sihanoukville has seen unprecedented levels of Chinese investment into the city with numerous casinos having opened up throughout the city. Demographically, the city's ethnic make up has changed with nearly 80,000 mainland Chinese workers, developers and investors accounting for 90% of the city's expat population as of 2019. Mandarin signage is increasingly replacing Khmer and English signage in the city and crime in the form of drunken violence and organised crime are increasing. Sihanoukville is one of the major cities on China's One Belt One Road Initiative.

Economy Sihanoukville was established as an international marine gateway and as a result the local economy is largely defined by its deep water port and the nearby oil terminal. Attached is a regularly modernized cargo storage and logistics facility which serves numerous shipping companies, freight forwarders, suppliers, and maintenance contractors. All of these are based in the port's vicinity. The Phnom Penh–Sihanoukville transport corridor is the premier national trade route, accounting for about 75 percent of Cambodia's trade traffic. Other sizable economic sectors of the city are fisheries, aqua-culture, and frozen shrimp processing, the garment industry, food production, and processing, the constantly growing tourism industry with a noticeably developed service branch and the associated real estate market.

Sihanoukville Special Economic Zone The Sihanoukville Special Economic Zone (SSEZ) is an overseas economic and trade cooperation zone which was designed to promote favourable market conditions such as: policy advantages, a safe political environment, favourable trade status, completed infrastructure supporting, low labour costs, and excellent services. In addition to its areas around the port, a sizeable industrial centre, exclusively composed of Chinese companies has been developed since 2010.

Trade Trading accounts for a high percentage of the city's economy. The city imports goods from Thailand, Hong Kong, Singapore, and China while it exports goods to the United States, Canada, Germany, and the United Kingdom. The city often re-exported many of the goods it imported such as electronics, cigarettes, vehicles and gold. Today, the city's main export is garments, but it also produces and exports timber, logs, and rubber in small quantities.

Cambodia is one of the few least developed countries (LDCs) to export over US$2 billion. Since Cambodia became the first LDC to join the World Trade Organization (WTO) in 2004, trade has steadily increased, and the U.S. has been Cambodia's largest trading partner. Comparing to US$2.3 billion of export to the U.S and US$153 million of export to Cambodia in 2010, from January to October 2011, Cambodia's exports to the U.S. were US$2.29 billion and U.S. exports to Cambodia were US$152.6 million.

Economic prospects The city's development strategy focuses on tourism, port expansion, and industrial growth. Tourism development is expected to be an economic driver leading to the development of a national commercial centre and is already producing rapid growth in the surrounding area. It is anticipated that the port, as a hub for the expansion of maritime transport, will attract additional industry. An industrial zone has been established that includes petrochemical production and food processing based on local fisheries and other elements. With new investments in these areas and associated development strategies, planners anticipate increased urbanisation of Sihanoukville, alongside growing economic opportunities that will lead to migration from rural areas.

Foreign investment in Cambodia has increased significantly since 2004 led by Asian investors from countries such as Malaysia, China, Korea, Thailand, and Vietnam. Approved investment proposals by the Council for the Development of Cambodia totalled around US$500 million in 2011. Chinese investments has since modified the city's character, partly destroying its Cambodian aesthetics and culture. The Diplomat reported that "unchecked development by Chinese investors has come at a cost, freezing out locals and changing the city’s character". Evictions of native Cambodians due to economic investments by the Chinese has led to ethnic conflicts, with the government supporting the Chinese investors.

Sihanoukville Port Special Economic Zone The Sihanoukville Autonomous Port has an independent administration. In combination with the related logistics and transport sector it is the city's economic backbone.

At present, the total operational land area of the Sihanoukville Autonomous Port is around 124.76 ha. The Old Jetty was constructed in 1956 and became operational in 1960. The jetty is 290 metres (950 feet) long by 28 metres (92 feet) wide and can accommodate four vessels with medium gross register tonnage (GRT) at both sides. The exterior berth is −8.50 to −13 metres (−27.9 to −42.7 feet) depth, while the interior berth is −7.50 to −8.50 metres (−24.6 to −27.9 feet) depth.

In order to cope with the increasing rates of cargo throughput, the Government of Cambodia had constructed a 350 m (1,148 ft) long new quay with −10.5 m (−34 ft) maximum draft in 1966. At present, this new quay can accommodate three vessels with −7 m (−23 ft) draft medium GRT. The construction of the container terminal, 400 m (1,312 ft) long by −10.5 m (−34 ft) depth and a 6.5 ha (16 acres) container yard was completed in March 2007.

Phnom Penh Time 
Phnom Penh Time
Image: Adobe Stock Nhut #269187178

Sihanoukville was ranked #855 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Sihanoukville has a population of over 73,036 people. Sihanoukville also forms the centre of the wider Preah Sihanouk Province which has a population of over 310,072 people.

To set up a UBI Lab for Sihanoukville see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Twin Towns, Sister Cities Sihanoukville has links with:

🇪🇪 Maardu, Estonia 🇺🇸 Miami, USA 🇨🇳 Nanning, China 🇺🇸 Seattle, USA 🇺🇸 Tampa, USA 🇨🇳 Wuxi, China
Text Atribution: Wikipedia Text under CC-BY-SA license | Nomad

Antipodal to Sihanoukville is: -76.178,-10.896

Locations Near: Sihanoukville 103.822,10.8955

🇻🇳 Phú Quốc 103.95,10.233 d: 75  

🇰🇭 Siem Reab 104.857,11.397 d: 125.9  

🇰🇭 Phnom Penh 104.917,11.567 d: 140.8  

🇻🇳 Châu Đốc 105.12,10.707 d: 143.3  

🇻🇳 Rạch Giá 105.088,10.007 d: 170.1  

🇻🇳 Long Xuyên 105.435,10.382 d: 185.3  

🇻🇳 Cao Lãnh 105.63,10.467 d: 203.2  

🇹🇭 Trat 102.5,12.233 d: 207  

🇻🇳 Sa Đéc 105.766,10.296 d: 222.7  

🇻🇳 Cần Thơ 105.788,10.036 d: 235.2  

Antipodal to: Sihanoukville -76.178,-10.896

🇵🇪 Oxapampa -75.405,-10.574 d: 19923.4  

🇵🇪 Huánuco -76.233,-9.917 d: 19906.1  

🇵🇪 Ancón -77.15,-11.733 d: 19874  

🇵🇪 Villa El Salvador -77,-12.05 d: 19858.6  

🇵🇪 Lima -77.033,-12.05 d: 19856.4  

🇵🇪 San Isidro -77.033,-12.083 d: 19853.4  

🇵🇪 Callao -77.15,-12.067 d: 19847.2  

🇵🇪 Huancayo -75.211,-12.075 d: 19846.9  

🇵🇪 Tingo Maria -75.983,-9.283 d: 19834.6  

🇵🇪 Huaraz -77.533,-9.533 d: 19803.1  

Bing Map

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