Ppsez to Build Factories for Rent

• 4 October 2016
• Local News
• 4010 Views

The Phnom Penh SEZ is to start constructing leasable factory units as a way of increasing revenue at the nation’s struggling flagship industrial park.

The park’s business model has so far been structured around international companies buying land and then building their own factories.But a decline in Japanese investment and overall profits has forced the PPSEZ to diversify its approach.

“We are taking other measures that will sustain the company’s income,” Fong Nee Wai, CFO of PPSEZ told the Phnom Penh Post.

The new plan will reportedly see the PPSEZ invest USD3 million into constructing up to 10 factories, to be leased to foreign manufacturers on 15 year contracts.