Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, and Japanese Ambassador to Cambodia H.E. Masafumi Kuroki inaugurated on Monday the Sihanoukville Port Special Economic Zone (SPSEZ), the first state-owned industrial zone in Cambodia.
Speaking at the inauguration ceremony, Samdech Techo Hun Sen said Cambodia has a lot of special economic zones, but the SPSEZ is the only state-owned industrial zone and he believed that Japanese investors will invest and build factories in the zone.
SPSEZ is located on an area of 70 hectares adjacent to the Sihanoukville Autonomous Port in Preah Sihanouk province, some 230 kilometers southwest of Phnom Penh. The construction of physical infrastructure, water system and electricity lines, which began in October 2009 and completed in March 2012, cost US$35 million under the concession loan from the government of Japan, H.E. Tram Iv Tek, Minister of Public Works and Transport said.
“It is expected to generate new jobs for 20,000 to 30,000 workers,” he said.
H.E. Masafumi Kuroki said it is one of the symbols of the cooperation between Japan and Cambodia and it will attract more investors, especially Japanese investors.
The special economic zone (SEZ) was first established in Cambodia in 2006, aiming at promoting the exports, and the country has up to now 21 SEZs along the borders with Thailand and Vietnam, on the outskirts of Phnom Penh and in Preah Sihanouk province.