PHNOM PENH: Sihanoukville Special Economic Zone (SSEZ) serves as a prime example of successful collaboration between Cambodia and China’s Jiangsu Province.
Established in 2008 as a joint venture between Cambodia International Investment Development Group Co., Ltd. and Jiangsu Taihu (Cambodia) International Economic Cooperation Investment Co., Ltd., the SSEZ spans 1,113 hectares in Preah Sihanouk province. The project, greenlit by the Council for the Development of Cambodia (CDC), has seen significant progress, with its first phase nearing completion.
During a yesterday visit to Cambodia by a Jiangsu provincial delegation, led by Deputy Director General Jiang Xin, the SSEZ was highlighted as a model of successful investment partnership. CDC Secretary General CHEA Vuthy emphasized the zone’s role in attracting investment from Jiangsu and its potential to serve as a catalyst for further economic cooperation between the two regions.
H.E. Secretary General took the opportunity to request the Chinese delegation to help promote Cambodia’s favourable and highly competitive investment environment and potential to other Chinese investors and businesspeople, as well as to take into consideration the cooperation in human resource training.
For his part, Mr. Jiang Xin praised Cambodia’s rapid development, and thanked H.E. CHEA Vuthy for sharing information about investment environment in Cambodia and bilateral economic cooperation between Cambodia and China, especially the update on SSEZ.
The success of the SSEZ underscores Cambodia’s favorable investment climate and its potential as a strategic location for Chinese businesses. Both sides expressed keen interest in expanding collaboration, with Cambodia seeking increased investment and human resource development support from Jiangsu Province.
This partnership demonstrates the mutually beneficial nature of cooperation between Cambodia and China, and the SSEZ stands as a testament to the potential for future economic growth in the region.