Cambodian, Chinese companies lay foundation of special economic zone in Sihanoukville
SIHANOUKVILLE, Cambodia, Feb. 23 (Xinhua) -- Cambodian and Chinese developers Saturday laid the foundation stone of the Sihanoukville Special Economic Zone (SSEZ), which has been the largest one of its kind so far in Cambodia.
Addressing the ceremony on the construction site, Cambodian Prime Minister Hun Sen said "This special economic zone is currently the biggest one in the kingdom with the investment from China (and Cambodia), which again testifies the close economic and political ties between Cambodia and China and those between the top leaders of both countries."
This cooperation took place in 2008, the 50th anniversary of the establishment of the diplomatic ties between Cambodia and China and we expected it to help attract more Chinese companies to invest here, he said.
China used to export over 400 items of goods to Cambodia, but up to now Cambodia did not have the capacity to export the same amount of goods, so Cambodia needed investment from China, he added.
The premier said that the goods produced in this special economic zone could be exported to foreign markets duty free, but the companies should pay import tax if their goods were sold in Cambodia.
Delegates from the Chinese side also addressed the ceremony, which attracted more than 100 senior government officials to attend.
Also at the ceremony, six Chinese companies signed contracts with the developers of SSEZ to establish their branches here.
SSEZ will escalate into 11.08 square km in eight years with an estimated investment of 3 billion U.S. dollars, according to a press release from the zone's developers -- the Jiangsu Taihu Cambodia International Economic Cooperation Investment Co. Ltd. and the Cambodia International Investment Group Co. Ltd.
In 2011 when the second phase construction is done, 150 companies can be situated here and 40,000 job opportunities provided, it said.
In 2015 when the whole construction is finished, the zone will embrace some 300 companies, provide around 80,000 job opportunities and generate export volumes of 2 billion U.S. dollars a year, it added.
SIHANOUKVILLE, Cambodia, Feb. 23 (Xinhua) -- Cambodian and Chinese developers Saturday laid the foundation stone of the Sihanoukville Special Economic Zone (SSEZ), which has been the largest one of its kind so far in Cambodia.
Addressing the ceremony on the construction site, Cambodian Prime Minister Hun Sen said "This special economic zone is currently the biggest one in the kingdom with the investment from China (and Cambodia), which again testifies the close economic and political ties between Cambodia and China and those between the top leaders of both countries."
This cooperation took place in 2008, the 50th anniversary of the establishment of the diplomatic ties between Cambodia and China and we expected it to help attract more Chinese companies to invest here, he said.
China used to export over 400 items of goods to Cambodia, but up to now Cambodia did not have the capacity to export the same amount of goods, so Cambodia needed investment from China, he added.
The premier said that the goods produced in this special economic zone could be exported to foreign markets duty free, but the companies should pay import tax if their goods were sold in Cambodia.
Delegates from the Chinese side also addressed the ceremony, which attracted more than 100 senior government officials to attend.
Also at the ceremony, six Chinese companies signed contracts with the developers of SSEZ to establish their branches here.
SSEZ will escalate into 11.08 square km in eight years with an estimated investment of 3 billion U.S. dollars, according to a press release from the zone's developers -- the Jiangsu Taihu Cambodia International Economic Cooperation Investment Co. Ltd. and the Cambodia International Investment Group Co. Ltd.
In 2011 when the second phase construction is done, 150 companies can be situated here and 40,000 job opportunities provided, it said.
In 2015 when the whole construction is finished, the zone will embrace some 300 companies, provide around 80,000 job opportunities and generate export volumes of 2 billion U.S. dollars a year, it added.
5 comments:
I still belive the U.S. are better then the chinese investers.because the U.S have better protection and better security for the people of the people by the people to the people."ANANIKUM AMERICA RULES!"
chinese,needed the U.S.and we needed the chinese,so anything from the the chinese,would look like god to them because we never see the real god befor.
The US prefer to invest in Vietnam.
They never value Cambodia in their
international politics,except once,
when they want to bomb the vietcong.
Kick CPP out and reforme the fucking police force! so cambodia can be ruled by laws!
9:13 PM, I agree with you definitely. When I went to Cambodia a year ago, I met US investor, DR from Dodge company, who told me the same thing. VN is gate where business infrastruce set forth, that goods or services can be easily transported or served, I mean to China, Cambodia, and Loas.
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