Manhattan SEZ to Expand Operations in Svay Rieng Province

Manhattan SEZ to Expand Operations in Svay Rieng Province

In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet City, Svay Rieng Province, in collaboration with Singapore’s SJ Group.

The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. Clement Yang, Director General of Manhattan Special Economic Zone, and Mr. Hong Kian Lim, CEO of SJ Group, on April 9, 2024.

During the meeting, Mr. Clement Yang outlined the company’s strategic vision for expanding its business footprint in Cambodia. Leveraging the expertise of SJ Group, renowned for its successful development of SEZ and cities worldwide, such as Suzhou Industrial Park in Jiangsu, China, Manhattan Special Economic Zone aims to spearhead transformative initiatives across multiple sectors.

In addition to its core focus on developing SEZs, the company plans to diversify its investments into key sectors including agriculture, green energy, transportation, and logistics. This strategic diversification aligns with Cambodia’s broader economic agenda and underscores the company’s commitment to driving sustainable growth and development in the region.

Welcoming the expansion plans, HE Sun Chanthol expressed full support for the coordination of investment projects in Cambodia. Emphasizing the importance of adherence to local laws and regulations, HE Sun Chanthol reiterated the government’s commitment to facilitating a conducive environment for investment and ensuring the success of investors’ projects.

As Manhattan Special Economic Zone embarks on this ambitious expansion journey, its collaboration with SJ Group signifies a significant milestone in Cambodia’s economic landscape. By fostering strategic partnerships and leveraging international expertise, the company aims to play a pivotal role in driving economic prosperity and fostering sustainable development in Svay Rieng Province and beyond.

- Video Advertisement -

Related Post

Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge

Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge

  • 29 April 2024

In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on April 29, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]

Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project

Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project

  • 26 April 2024

Time is running out to take advantage of Borey Peng Huoth’s Sangkran New Year promotion, especially as the “Angkor Nam Samnang” project nears completion! Borey Peng Huoth rolled out an exciting promotion in early April to celebrate the Khmer New Year, offering exclusive deals for homebuyers. With only a few days left until the end […]

Cambodia-China Bilateral Trade Surges to US$10 Billion, 4.6% Up, in the First 10 Months of 2023

Cambodia-China Bilateral Trade Surges to US$10 Billion, 4.6% Up, in the First 10 Months of 2023

  • 25 April 2024

Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE ZHANG Qingli, Vice Chairman of the […]

Cambodia’s Furniture Market Set to Surge from $100 Million to Over $1 Billion by 2033

Cambodia’s Furniture Market Set to Surge from $100 Million to Over $1 Billion by 2033

  • 22 April 2024

The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to $1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on April 17, 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]

Construction Material Imports Surge nearly US$350 million in Q1 2024, Reflecting Cambodia’s Booming Construction Sector

Construction Material Imports Surge nearly US$350 million in Q1 2024, Reflecting Cambodia’s Booming Construction Sector

  • 18 April 2024

In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24 percent compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth […]

2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%

2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%

  • 11 April 2024

By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. […]