A January 19 inter-ministerial meeting discussed potential incentives and other measures that could be used to address the issue of the hundreds of unfinished buildings and investment projects dotting Preah Sihanouk province.
The partially-completed projects have been seen as a sign of instability and an eyesore for future investors, amid plans to turn the coastal province into a “Model Multi-Purpose Special Economic Zone” as well as a regional financial and trade hub.
The meeting was held at the Ministry of Economy and Finance, and presided over by ministry secretary of state Hean Sahip, who is also chairman of a working group responsible for addressing issues concerning investment projects in Preah Sihanouk.
Participants chewed over the overall situation, including the legal aspects and progress made, as well as possible avenues to resolve the issue and its associated challenges.
They advocated for updates to the details of unfinished projects; the study and fine-tuning of measures to address the issue, as well as future detailed discussions thereof; and an action plan.
No specifics were immediately available on the measures discussed at the meeting.