The Attwood Group has joined with Zephyr Company of Japan to form the Japan Corporation

to develop the Phnom Penh Special Economic Zone (PPSEZ), which will be on National

Route 4.

The President of Attwood subsidiary PPSEZ, Lim Chhiv Ho, is reported as saying the

joint venture will invest $89 million in the 365 hectare zone. She said it is expected

to be running by the end of 2007 and will provide 100,000 jobs.

Japan-based Colben Energy will build a power plant in the new zone and Cambodian

tycoon Kong Sang, owner of one of Cambodia's largest garment factories, QMI, will

be the zone's first tenant.

Zephyr would provide 49 percent of the investment capital and PPSEZ 51 percent.

A gate, drainage system, telephone lines, and factory plots had already built, she

said.