Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Hopes sink for Pailin biz park

Hopes sink for Pailin biz park

Hopes sink for Pailin biz park

PAILIN officials say they doubt investors from Thailand will lead an economic revival at the dusty Thai border town, as they struggle to attract interest in an investment zone.

"I haven't heard any information about Thai investors," Keut Sothea, deputy governor of Pailin province, said last week.

"I don't have much hope that, with the world's economy as it is, they will come to invest here," he added, also citing ongoing tension between the two countries over Preah Vihear temple.

The 2,000-hectare business zone is being carved out of jungle 15 kilometres from the border at Steung Kach commune.

Officials had expected it to create jobs for former Khmer Rouge soldiers, according to a signboard in mid-May.

Ich Sarou, a parliamentarian for Pailin province, said he did not believe firms were eager to set up businesses in the zone.  

"I don't have much hope that Thai investors will open companies and factories here," said Ich Sarou. "We have a lot of land here, and we are waiting for investors to come."

He said a group of more than 50 Thai businessmen visited the area promising to build 100 factories, but had now "disappeared". 

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • Ex-RFA journos accuse outlet

    Two former Radio Free Asia journalists held a press conference yesterday claiming they are each owed $28,000 by the US-funded radio broadcaster, which shuttered its in-country operations in September amid a government crackdown on independent media. The journalists, Sok Ratha and Ouk Savborey, maintained they organised