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Extraordinary Transformation! Achievements of the Sihanoukville Special Economy Zone in Cambodia under the 'Belt and Road' Initiative Celebrated in Beijing

Published in: 2023-10-17

"On October 17, amid the highly anticipated Third Belt and Road International Cooperation Forum in Beijing, the achievements of the Sihanoukville Special Economy Zone in Cambodia under the 'Belt and Road' initiative over the past ten years were presented at a ceremony held at the Jing Lun Hotel in Beijing. Over 30 authoritative mainstream media outlets, including People's Daily, Xinhua News Agency, and People's Net, attended the event."


"Chairman of the Hongdou Group, Zhou Haijiang, attended the event and delivered a speech. He stated that in the ten years since the proposal of the 'Belt and Road' initiative, the Hongdou Group has made extraordinary contributions to national development and has achieved remarkable performance by focusing on industrial high-end and technological innovation while maintaining stable and healthy development domestically."


"The Sihanoukville Special Economy Zone is jointly developed and constructed by the Hongdou Group and Cambodian enterprises in the Preah Sihanouk province's Kampong Seila district. It has been repeatedly mentioned in the China-Cambodia 'Joint Statement' and 'Joint Communique.' Since its foundation in February 2008, the development and construction have been accelerating continuously. Especially after the proposal of the 'Belt and Road' initiative, seizing opportunities and riding the wave, it has become Cambodia's fastest-growing, most influential, and socially admired economic zone. Currently, the Sihanoukville Special Economic Zone, covering about 0.615‰ of Cambodia's national land area, is home to approximately 1.8‰ of the population, contributing about 7.13% to Cambodia's total import and export volume. It is acclaimed as the 'locomotive' of economic development in Preah Sihanouk province and a 'golden rice bowl' for local residents. In the first nine months of this year, the total import and export volume of the entire zone reached a new high, achieving $2.507 billion, a year-on-year growth of 31.7%, injecting strong momentum into Cambodia's industrial economic development."


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