According to the  Council for the Development of Cambodia (CDC), Japanese precision components manufacturer MinebeaMitsumi is expanding its business in Cambodia through an investment in a new factory located in Pursat province.

This news comes after a courtesy call on H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of the CDC, by Mr. Yoshihisa Kainuma, Chairman/CEO of MinebeaMitsumi.

During the meeting, Mr. Kainuma expressed his gratitude for the CDC’s support in facilitating the company’s expansion project thus far and requested continued assistance with relevant regulations to further streamline MinebeaMitsumi’s operations in Cambodia, particularly within Pursat province.

Minebea Cambodia, a subsidiary of MinebeaMitsumi, has been operating in Cambodia since 2011 and has continuously grown its production line. The company manufactures a wide range of products including ball bearings, fan motors, micro actuators, and LED backlights.

This expansion follows a recent inspection by a high-level Cambodian government delegation on July 8th, 2024, of 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), included 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.

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.

The post MinebeaMitsumi Expands in Pursat as Cambodia Eyes New Special Economic Zone first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

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.

The post Pursat Poised for Economic Growth with Proposed Special Economic Zone first appeared on Estatedia | Economy & Real Estate Media in Cambodia.