"This is a good plan and a way to develop Cambodia into the future," the Phnom Penh Post quoted Land Management Minister Im Chhun Lim as saying at a conference detailing the plan on Thursday.
Calling Sihanoukville the "dragon's head", Im Chhun Lim said that the plan priorities improving development in Sihanoukville, Kampot, Kep and Koh Kong provinces in order to increase economic activity and provide jobs.
"We're insuring a balance between protecting the environment in coastal areas with attracting both local and foreign investors," he said at the conference.
The strategy will focus on attracting local and foreign investment to the region, with an eye to strengthening export industries, said Pen Sophal, director at the ministry's Urban Planning Department.
"Government wants sustainable, transparent development on coastal areas to attract investors," he said on the sidelines of a conference on drafting a final strategy for the "National Integrated Coastal Area".
He added that the pan is slated to run until 2030.
The plan, called The Study of Strategy National Integrated Coastal Area and Master Plan Sihanoukville Sustainable Development, focuses on strengthening infrastructure and special economic zones servicing Sihanoukville Port.
"We focus on Sihanoukville because the province has potential for growing faster due to its proximity to the international port for industry, agriculture and services," he was quoted as saying.