ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu

• 19 November 2024
• Local News
• 1691 Views

ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape.

The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK Electronics, on 14 November 2024.

The industrial park will focus on processing agricultural products to elevate the branding of Cambodian goods, alongside facilities for electronics manufacturing and semi-finished chip production.

The project aims to address supply chain demands originating from China while creating over 3,000 jobs for local and regional residents. The expansive development is planned to house 14 industrial parks within the designated 1,000-hectare area.

Governor Cheam Chansophoan welcomed the investment, highlighting Kampong Speu’s strategic potential as a hub for business expansion in Cambodia and Southeast Asia. He expressed optimism about the substantial employment opportunities the project will bring to the province and its neighbouring regions.

Key features of the park include the integration of cutting-edge AI and industrial technology through a 360° Service System, promising to modernise Cambodia’s industrial capabilities.

Additionally, ARK Electronics has committed to assisting Kampong Speu in creating a master plan to position the province as a technological and industrial destination on par with globally recognised hubs such as Shenzhen and Zhongguancun in China.

This landmark investment signals a pivotal moment for Cambodia’s industrial future, fostering economic growth and establishing Kampong Speu as a critical player in the nation’s development.

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