Yuanta Reports

Sihanoukville SEZ aims for bigger expansion

Sihanoukville Special Economic Zone (SSEZ), which currently boasts 110 tenants with 93 factories in operation on its 525-hectare first-phase development, is proceeding to develop infrastructure on the zone’s remaining 600 hectares, with an aim to attract nearly 200 new tenants in the next five years. Established in 2008 as a joint venture between Jiangsu Cambodia International Economic Cooperation Investment and the Cambodia International Investment Development Group (CIIDG), SSEZ is the country’s biggest SEZ in terms of size and occupancy, employing more than 16,000 people. Cao Jianjiang, general manager of SSEZ, said the company will further expand to attract 300 enterprises and grow to a total of 70,000 to 80,000 workers within the next five years. He added that the new infrastructure should be completed within three years. While he did not disclose details of how the expansion works would be financed, he said company executives were considering listing shares on the stock exchange. (Source: Phnom Penh Post)

Coporate News

14th September 2017

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