Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s biggest SEZ to get even bigger

Kingdom’s biggest SEZ to get even bigger

A scale model depicting the Sihanoukville Special Economic Zone.
A scale model depicting the Sihanoukville Special Economic Zone. Sahiba Chawdhary

Kingdom’s biggest SEZ to get even bigger

The Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint.

Established in 2008, the Sihanoukville Special Economic Zone (SSEZ) sprawls over 1,100 hectares in the hills to the east of Sihanoukville and the Kingdom’s only deepsea port. Jointly developed and operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and the Cambodia International Investment Development Group Co Ltd (CIIDG), the industrial estate has become a platform for cooperation between China and Cambodia under Beijing’s One Belt, One Road initiative.

SSEZ currently boasts 110 predominantly Chinese enterprises with 93 factories in operation on it 525-hectare first-phase development, making it the biggest SEZ in the country both in terms of size and occupancy. More than 16,000 people are employed in the industrial park, which includes housing for factory workers and managers.

Cao Jianjiang, general manager of SSEZ, said the company is now proceeding to develop infrastructure on the zone’s remaining 600 hectares that will support further expansion.

“We are trying to attract 300 enterprises and grow to a total of 70,000 to 80,000 workers within the next five years,” he said.

Jianjiang said the new infrastructure should be completed within three years and a tower residential complex for the zone’s workforce by 2022.

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.

“SSEZ’s goal is to become a listed company,” he said. “Currently, we are studying the markets and deciding the feasibility of listing in Cambodia or Hong Kong.”

MOST VIEWED

  • Touch: Rainsy will never return

    Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), has claimed it has achieved 70 per cent of its struggle to find a solution to the current political situation in the Kingdom. Just before boarding a plane at Charles de Gaulle

  • Sokha continues call for dropping of charge after bail conditions reduced

    Not satisfied with having his bail conditions reduced, allowing him to travel freely in Cambodia, Kem Sokha says he wants his charge totally dropped. “As an innocent man who has been in detention for two years even without being found guilty, I continue to demand

  • Sar Kheng: Rainsy return not blocked

    Minister of Interior Sar Kheng clarified that Cambodia had never blocked Sam Rainsy from returning to the Kingdom. However, he said Cambodia reserved the right to take legal action as allowed by law against activities aimed at destroying the Kingdom. “No one blocked the return

  • Reports: Rainsy barred from Jakarta flight

    Sam Rainsy was on Wednesday refused entry to a flight from Malaysia to Indonesia, media reported late on Wednesday. The “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party’s announced return to the Kingdom on Independence Day on Saturday failed to occur. Rainsy

  • King Sihamoni presides over opening of Water Festival

    King Norodom Sihamoni presided over the lighting of the lantern barges, representing the many ministries, in front of the Royal Palace on Sunday as the first day of the annual Water Festival celebrations went smoothly. Bun Veasna, an official at the National Committee for Organising

  • Government studying EU’s preliminary report on EBA

    The Ministry of Foreign Affairs and International Cooperation on Wednesday said the government was studying the EU Commission’s preliminary report on the human rights situation in the Kingdom that could lead to a suspension of access to its “Everything But Arms” (EBA) agreement. The