Cambodia's Koh Kong Zhejiang SEZ aims to attract 100 additional companies by year-end


Secretary-general of the Council for the Development of Cambodia’s (CDC) Cambodia Investment Board (CIB) Chea Vuthy (right) greets Koh Kong Zhejiang SEZ executive director Zhu Zhangjin during a June 21 meeting. - Photo: CDC

PHNOM PENH: Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a press release on Friday (June 21) from the Council for the Development of Cambodia (CDC).

According to the release, Koh Kong Zhejiang SEZ executive director Zhu Zhangjin made the announcement at a June 21 meeting between officials of the CDC and a delegation of 11 Chinese companies.

It said the businesses involved in the meeting operate in various sectors, including hotels, medicine, packaging materials (cardboard and plastic), chemicals, sponges and pencil and furniture manufacturing.

Zhu was quoted as saying the zone will soon begin constructing a language and technical skills training centre to support the government’s human resource development efforts.

He added that the advancement of the industry requires a sustainable electricity supply, a favourable transportation system and the attraction of more supporting industries to ensure a robust supply chain.

Secretary-general of the CDC’s Cambodia Investment Board (CIB) Chea Vuthy encouraged the companies to invest in Cambodia for mutual benefit, highlighting that the council has a China desk dedicated to providing advice and facilitation to Chinese investors.

He also noted the growth of Chinese investment in Cambodia.

Vuthy acknowledged Zhu’s contribution to Cambodia’s socio-economic development through the establishment of two SEZs.

The first, the Cambodian Zhejiang Guoji SEZ, is located in Sihanoukville’s Prey Nob district and was approved for operation in 2018.

The second, Koh Kong Zhejiang SEZ, was approved for operation by the CDC in May this year.

Zhu noted that the Cambodian Zhejiang Guoji SEZ is currently full, with no further investment opportunities available. - The Phnom Penh Post/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Soccer-Spain to offer relentless pressing, England out to stop speedy wingers
Soccer-England return to Berlin for Euro final recalls infamous Nazi salute
MACC arrests three enforcement officials for receiving RM20,000 bribe to drop fraud case
King and queen’s personal touches add uniqueness to installation ceremony
Factbox-Cricket-England's leading test wicket-taker James Anderson
Esha’s mother lodges police report against four TikTokers
UEC enrollment in Sarawak universities under free tertiary education scheme by 2026, says Premier
Asean News Headlines at 10pm on Friday (July 12, 2024)
Natural disasters cost China whopping RM60.2bil in first six months of 2024
Japan on ‘high-alert’ for summer power shortages, says minister

Others Also Read