Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Industrial park aims for SME segment

Industrial park aims for SME segment

Factory workers conduct quality control checks on food products at a medium-sized enterprise in Phnom Penh in 2014.
Factory workers conduct quality control checks on food products at a medium-sized enterprise in Phnom Penh in 2014. Vireak Mai

Industrial park aims for SME segment

WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises (SMEs) in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on Friday, the company’s chairman said yesterday.

The industrial park, named the “SME Eco Park”, will encompass 4 hectares of land and aims to be a centralised hub for the manufacture and production of raw materials, including agriculture and food products, as well as providing packaging services and logistics support.

Rithy Sear, chairman of WorldBridge International Group, said this was one of the company’s first public-private partnerships, and WorldBridge would foot the bill for development while the ministry would help with licensing procedures and promoting the industrial park to attract SMEs.

“The SME park will bring a lot of value-added to locally produced products as companies will not have to spend on the startup costs and will only have to pay rent and purchase machinery,” he said.

He added that currently Cambodian products are not competitive due to fragmented supply chain dynamics, and that having a designated area with full-service capabilities would cut down on overhead.

While Sear declined to give a timeline for completion of the project, he said that if successful the model could be replicated across the country.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • 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