Logo of Phnom Penh Post newspaper Phnom Penh Post - Phnom Penh SEZ to expand

Phnom Penh SEZ to expand

Phnom Penh SEZ to expand

The Phnom Penh Special Economic Zone will begin infrastructure work this month to expand land available for businesses, claiming its 141-hectare original development has now been entirely purchased or reserved.

The US$20 million second phase will be fully ready in two years and covers 162 hecatres of land.

Developers aim to attract a number of domestic industries to set up in the new area, as well as international companies - mainly from Japan, PPSEZ managing director Hiroshi Uematsu said in a statement today.

Business at the SEZ had picked up following a quiet 2009, he said.

“We have used 2010 to restructure and streamline our operations, refresh our brand, and prepare for the launch of development phase II,” he said, adding 2011 looked very promising.

Phnom Penh SEZ in Dangkor District is 78-percent owned by Cambodian businesswoman Lim Chhiv Ho, and 22-percent owned by Japanese developer Zephyr Company.

The existing land presently boasts tenants such as Ajinomoto, which makes seasoning, and Yamaha.

Japanese-based firm Minebea will be a new tenant on the second phase of the PPSEZ, according to Hiroshi Uematsu.

In December, Minebea announced it would set up a 5 billion yen ($61 million) manufacturing plant to make motors in Cambodia.

Minebea aims to begin in a leased small-scale production facility in the zone, but transfer to its own factory by the end of 2012.

It aims to eventually employ up to 5,000 people, making it its second largest production base by volume after its Chinese factory, according to a previous release.

Hiroshi Uematsu said the PPSEZ had succeeded due to strong commitment from management to provide quality infrastructure and service for investors.

CDC figures obtained in December showed the Kingdom had 21 SEZs, of which 14 were undeveloped.

MOST VIEWED

  • Schools to be reopened in ‘three stages’

    With guidance from Prime Minister Hun Sen, the Ministry of Education, Youth and Sport, is in the process of reopening schools in three stages. But no timeline has been set, ministry spokesperson Ros Soveacha said on Thursday. Soveacha said the first stage will be to

  • Thai border crossings eased

    The Cambodian Embassy in Thailand said in an announcement on Wednesday that Thailand’s government has allowed certain passengers from several countries to enter its borders. The visitors must go back to their country immediately after their duties in Thailand are fulfilled, the embassy said.

  • Gov’t says tourism recovers slightly despite pandemic

    The Ministry of Tourism and the Phnom Penh municipal administration have recognised 33 tourism businesses in the capital which have consistently implemented safety measures for tourists and adhered to the code of conduct issued by the ministry. Recently, the ministry announced that tourism businesses had to

  • Mull ASEAN border opening, PM urges

    Prime Minister Hun Sen has requested that ASEAN launch a scenario for gradually reopening cross-border travel and trade between countries in the region. He said ASEAN has had more success combating Covid-19 compared to other regions. The prime minister’s request was made at the

  • Ministry reports 11 new Covid-19 cases, reiterates vigilance

    Minister of Health Mam Bun Heng has urged people to continue practising virus prevention techniques after 11 people tested positive for Covid-19 within two days after arriving in the Kingdom. Speaking on Sunday, Bun Heng stressed the importance of washing hands, wearing masks or scarves when

  • Nine on Indonesia flight Covid-19 positive

    The Ministry of Health on Saturday confirmed nine more imported cases of Covid-19. The nine ‒ eight Cambodians and one Indonesian, aged 22 to 26 ‒ arrived in Cambodia on Thursday via a direct flight from Indonesia and are receiving treatment at the Khmer-Soviet Friendship Hostipal in Phnom Penh.

  • Kingdom’s financial sector healthy

    Cambodia's financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said. Tourism, garments and footwear have borne the brunt of the Covid-19 impact, he said, whereas the financial and agriculture sectors

  • Vietnam told to remove border tents

    Kandal provincial governor Kong Sophoan has ordered local authorities to prohibit the construction of buildings in areas bordering Cambodia and to report any irregularities immediately. Recently, Vietnamese officials removed another seven tents from the border area with Cambodia. His remarks were made on Wednesday afternoon

  • Migrant workers set to return from Malaysia

    The Ministry of Foreign Affairs and International Cooperation confirmed on Thursday that 158 Cambodian students and migrant workers will fly home from Malaysia on Friday morning. This is the second flight to bring Cambodians home from Malaysia. A ministry notice said Malaysia Airlines Flight MH754 will

  • Cambodia to remain neutral on ASEAN-China territorial dispute

    Minister of Foreign Affairs and International Cooperation Prak Sokhonn told an informal meeting of ASEAN foreign ministers on Wednesday that Cambodia will stay neutral on the South China Sea. He appealed to all stakeholders to continue fostering a conducive environment that contributes to the end