Chinese Firm to Invest US$1 Billion Building a Green Special Economic Zone in Svay Rieng

• Kongleaphy Keam
• 16 November 2020
• Uncategorized
• 6129 Views

A Chinese firm plans to build a 450-hectare green special economic zone worth approximately US$1 billion in Svay Rieng province, according to The Star on 14 November

This enormous project is located about 4km south of NR1 or Svay Rieng city centre, and north of the river.

A strategic partnership agreement for this project was signed on 13 November between a Chinese industrial park developer who is also the developer of the Qilu Special Economic Zone, and the Environmental Protection Industry Association of Cambodia (Epiac).

Qilu President Xing Baoguo was quoted in The Star as saying that this SEZ will be built in three phases, on 215 hectares, 145 hectares, and 90 hectares of land, respectively.

Meanwhile, the whole project will be divided into six sections, including garment factories, textiles, light industrial products, machinery, construction materials and chemicals.

As of the end of 2019, there were 465 companies operating 54 SEZs nationwide, employing over 100,000 workers.

 

• Business and Market
• Economy and Finance
• Investment and Funding
• Cooperation and networking