LSCG Group in Partnership with Chinese Company: Unveils Plans for New US$804m Industrial Zone Near Phnom Penh

• 10 December 2023
• Local News
• 11707 Views

In a groundbreaking collaboration, Mr Ly Sok Chhay, General Director of LSCG GROUP, has joined forces with a prominent Chinese company to embark on a joint venture – an investment of US$804 million to establish a sprawling 500-hectare industrial zone in Phnom Penh.

Expressing the vision behind this ambitious project, Mr Ly Sok Chhay disclosed the company’s quest for approximately 500 hectares of prime land in the proximate provinces of Phnom Penh, notably situated between National Roads 3 and 4. The strategic aim is to craft a specialized economic zone with a primary focus on catalyzing industrial growth within the area.

Highlighting the meticulous planning involved, Mr Sok Chhay emphasized that this substantial investment initiative has undergone several deliberations with the leadership of the partnering Chinese company. The decision to infuse a staggering US$804 million into this transformative project underscores the shared commitment and conviction in its success.

Preparations are already underway as the company diligently compiles the requisite documentation for submission to the Office of the Council of Ministers, Prime Minister Hun Manet, relevant ministries, and regulatory bodies. This meticulous approach aligns with the company’s dedication to adhering to Cambodia’s domestic regulations and international legal standards.

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