PHNOM PENH: On July 8th, 2024, a high-level delegation from the Cambodian government inspected a proposed location for a special economic zone in Pursat province. The delegation, led by Heng Soknang, Deputy Secretary General of the Cambodia Investment Board (CIB) , consisted of representatives from 13 ministries.

The proposed zone, developed by Pursat Special Economic Zone Co., Ltd., is situated on a 140-hectare plot located at kilometer 154 on National Road 5 in Krakor district’s Sna Ansa commune.

Cambodia’s Council for the Development of Cambodia (CDC) views this proposal as a sign of investor confidence and a testament to the country’s flourishing socio-economic development under the leadership of the Royal Government.

Cambodia’s investment climate has been particularly strong in the first half of 2024, with total investment reaching a staggering US$3.2 billion and creating an estimated 168,572 new jobs.

Special Economic Zones (SEZs) are designated areas aimed at promoting economic activity. They typically encompass a variety of industrial and related sectors and may include general industrial zones, export processing zones, or a combination of both. Each SEZ is comprised of a production area and may also incorporate a free trade zone, a services area, residential areas, and even tourism zones.