Cambodia-Japan Special Economic Zone Unveiled: A Strategic Alliance for Economic Prosperity

In a pivotal meeting between key inter-ministries and a high-level Japanese delegation led by HE Ueno Atsushi, Ambassador of Japan to Cambodia, discussions unfolded on a groundbreaking initiative—the establishment of the Cambodia-Japan Special Economic Zone. Chaired by HE Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, the meeting aimed to foster a robust platform enticing increased Japanese investments within the Cambodian landscape.

The strategic dialogue delved into two major initiatives— (1) Primarily, the expansion of the Sihanoukville Autonomous Port, poised to evolve into a regional port hub. (2) Secondly, the focus turned to the comprehensive study and groundwork for the Cambodia-Japan Special Economic Zone. This specialized economic zone is meticulously designed to catalyze heightened interest and participation from Japanese investors, further fortifying economic ties between the two nations.

Attendees at the meeting included HE Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, HE Keo Ratanak, Minister of Mines and Energy, HE Peng Ponea, Minister of Public Works and Transport, along with officials from relevant ministries and agencies. Representatives from the Japan International Cooperation Agency (JICA) in Cambodia also played a significant role in shaping the discourse.

Beyond the specific economic zones, the meeting provided a platform for deliberations on the Comprehensive Intermodal Transport and Logistics Masterplan 2023-2033 (CIT-MP). Coordinated by the Ministry of Public Works and Transport and the Supreme National Economic Council, this master plan harmonizes seven key master plans to streamline the movement of goods, passengers, and services within Cambodia, the region, and globally.

- Video Advertisement -

Related Post

Cambodia’s Construction Investments Struggle to Recover as 2024 Sees Significant Drop

Cambodia’s construction sector continues to face a challenging period, with approved investment projects in 2024 falling to about 2,190, valued at under $4 billion, a stark contrast to the nearly 4,841 projects worth approximately $12 billion in 2020. The latest report from the Ministry of Land Management and Urban Planning, presented by CBRE Research on […]

USAID Grants USD 55 Million to Cambodia, Prioritizing Food Security, Health, and Environment

The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director […]

PM Celebrates Inauguration of USD 62 Million Dam Rehabilitation Projects in Mondulkiri

Three major dam rehabilitation projects in Mondulkiri, the Otethipadi, Sen Sokdom, and Sen Monorom dams, have officially been inaugurated, representing a USD 62 million investment aimed at transforming the province’s water infrastructure. The inauguration ceremony, presided over by PM Hun Manet, marked a significant step towards improving local livelihoods, with the projects set to supply […]

Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr, and Confluences

Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot Province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies’ involvement in assessing the […]

France and EU Set to Boost Phnom Penh Water Supply’s Capacity for Clean Water Development

The French Development Agency (AFD) and the European Union are gearing up to enhance the capabilities of the Phnom Penh Water Supply Authority (PPWSA) initiative to strengthen Cambodia’s water sector, starting in early 2025. This plan, aimed at advancing the Sixth Sustainable Development Goal of universal access to clean water and improved sanitation, was announced […]

China Grants Over USD 42 Million to Boost Cambodia’s Infrastructure Development

To Cambodia’s infrastructure development, China has pledged 300 million yuan (approximately USD 42 million) in grants. This commitment, aimed at advancing Cambodia’s infrastructure, was confirmed during a bilateral meeting between Cambodian Prime Minister Hun Manet and Chinese Prime Minister Li Qiang at the 44th and 45th ASEAN Summits in Vientiane, Laos. The pledge reflects China’s […]