Sihanouk Zone Eyes 300 Factories Expansion

[geovalin]

The Sihanouk Special Economic Zone (SSEZ), the biggest such zone in the country, is planning to open 300 more factories by 2020, providing up to 100,000 extra jobs. The zone in Preah Sihanouk province has built 148 factories, of which 88 are up and running, zone president Jack Chen said. These were providing 16,000 local jobs.
 

“Under our industrial development strategy, we plan to have 300 industrial factories by 2020 that can provide more jobs to local people and create tax revenue for the Cambodian government,” Mr. Chen said. Factories in the zone mainly produce textiles for the European Union and the United States. Two of the companies were Cambodian and the others were foreign.
 

The zone has been working to attract investors from China, especially in light manufacturing industries, he said. He said the zone is now an industrial factory hub and would develop into the country’s high-end technology hub.

 

read more http://www.khmertimeskh.com/news/32099/sihanouk-zone-eyes-300-factories-expansion/

 

 

-- © Copyright Khmer Times 18/11

[elgordo38]

7 hours ago, geovalin said:

Two of the companies were Cambodian and the others were foreign.

Kind of tells the story.