Activities/Announcements

ENHANCING THE ECONOMIC AND SOCIAL IMPACT OF SPECIAL ECONOMIC ZONES

Phnom Penh, 29 June, 2017 – The United Nations Development Programme (UNDP) and the Phnom Penh SEZ Plc. signed a Memorandum of Understanding (MOU) today.

The MOU between UNDP and Phnom Penh SEZ Plc serves as the very first agreement under the new United Nations Social Impact Fund (UNSIF) on the establishment of partnerships between UNDP and social impact investors in the country to ensure the achievement of the Sustainable Development Goals (SDGs) by 2030.

The United Nations Social Impact Fund (UNSIF) is a unique blended financing model where innovators, entrepreneurs, donors, philanthropists, public and private sector investors can identify and finance SDG-aligned investment projects that create both economic and social returns. 

The agreement was signed by Lok Chumteav Okhna Lim Chhiv Ho, Chairwoman of Phnom Penh SEZ Plc and Ms. Claire Van de Vaeren, UNDP Resident Representative.

The partnership between UNDP and Phnom Penh SEZ Plc aims at demonstrating how Special Economic Zones (SEZs) can contribute to the success of the SDG8 (Decent Work and Economic Growth) and SDG12 (Responsible Consumption and Production) in particular. The SEZs can potentially serve to promote sustainable and inclusive economic growth, full and productive employment and decent work for all, and to contribute to sustainable consumption and production patterns.

Through UNSIF’s financial support, UNDP will work with Phnom Penh SEZ Plc to enhance the social development impact of SEZs in various areas of activity ranging from promoting equality, affordable housing, safe and healthy work conditions, and protecting the environment.

UNSIF will also support Phnom Penh SEZ Plc to facilitate capital market and blended financing that focuses on ‘smart’ SEZ development that is sustainable and inclusive. 

2nd quarterly HR and Admin meeting with tenants in 2017

On June 28th, 2017, Phnom Penh SEZ PLC conducted the 2nd quarterly HR and Admin meeting with 53 participants from various tenants inside the zone. This meeting agenda included an update on previous meeting, environmental awareness, Infrastructure maintenance in the zone such as road work, community project and garbage disposal, and Sahas security service. The meeting was conducted effectively. All participants enjoyed asking questions and sharing their thoughts on the solutions.

On-site Visit by Students from Royal University of Phnom Penh on June 17th, 2017

Pertaining to our contribution to human resources development of Cambodia, Phnom Penh SEZ Plc. had continued to welcome on-site visit by academia. On June 17th, it is our first opportunity to welcome the engineering students from the Faculty of Engineering of Royal University of Phnom Penh (RUPP), one of the oldest and most prestigious universities of Cambodia.

There were around 100 students in the visit who were interested in learning how PPSEZ operates and attracts foreign investments, as well as what kind of job opportunities are created here for the Cambodian people as a whole.

We are optimistic that all the students can get insights and knowledge from us and further commit to their studies and to develop themselves to be valuable human resources for the country.

Ground Breaking Ceremony of MIDORI TECHNO PARK (CAMBODIA) CORPORATION

June 16th, 2017 marks another special day for Phnom Penh Special Economic Zone because we witnessed the beginning of another development coming to existence.

About three years ago, MIDORI TECHNO PARK (CAMBODIA) CORPORATION came to invest in our zone by starting in our rental factory. The company has been manufacturing their high quality products of AUTOMOTIVE INTERIOR TRIM since then.

Today is a very joyful day for both MIDORI TECHNO PARK (CAMBODIA) CORPORATION, as an investor, and for Phnom Penh SEZ Plc., as zone developer, because this company would start the construction of their very own factory congratulated by a joyful Ground Breaking Ceremony.

Mr. Seiichi Kobayashi, the President of the company, has a strong feeling and commitment to build a factory that all employees love to come to work, a factory with unique design and pleasant environment with the elements of culture and nature.

We very much look forward to the completion of the factory. And we wish the process go smoothly and on track. We will wholeheartedly continue to support the company and witness the success together.

LCHI’s Management Team Building

It was a great time for strengthen the relationship among LCH Investment Group. On Saturday, June 10th 2017, Phnom Penh SEZ’s management joined a team building activity organized by LCHI at Garden City Golf Club. The activities on that day aimed to promote group’s core values: Love, Communication, Happiness, and Inspiration.

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Contact Information

Phnom Penh Special Economic Zone
National Road No.4, Khan Posenchey,
Phnom Penh, Cambodia.

T:
+855 (0)23 729 798
F: +855 (0)23 729 799