Chinese nationals own more than 90 per cent of businesses in Sihanoukville, ranging from hotels, casinos, restaurants to massage parlours, according to a report from Preah Sihanouk provincial authorities.

Speaking during a meeting on sustainable work and strengthening security and public order in Preah Sihanouk province on Monday, provincial police chief Chuon Narin said the province has received a lot of investment from foreigners, especially the Chinese.

The province is rapidly growing in all areas such as hotels, guesthouses, casinos, restaurants, and other businesses, he said.

According to Narin, there are currently 156 hotels and guesthouses in Preah Sihanouk province, of which 150 are Chinese-owned. There are 62 casinos, of which 48 are invested in by the Chinese.

He said there are 41 karaoke clubs and 46 massage parlours owned by the Chinese as well. Of the total 436 restaurants in the province, 95 per cent are managed by Chinese nationals.

Pacific Asia Travel Association president Thourn Sinan told The Post on Monday that no market should be more than half invested in by investors from a single country.

“I believe it is good if investments are multinational. Investors from one country should not exceed 50 per cent [investment in one market] because it will lose balance in development and in the market.”http://www.phnompenhpost.com/business/chinese-own-more-90-sihanoukville-businesses-says-report