FOR IMMEDIATE RELEASE
February 1st, 2011
Cambodia’s leading Special Economic Zone expands infrastructure with launch of development phase II as number of new clients grows faster than expected. Rebranding under way to attract more international brands wishing to set foot in Cambodia to benefit from investment incentives.
Cambodia - Phnom Penh SpecialEconomic Zone (Phnom Penh SEZ), leading industrial park in the Kingdom of Cambodia is glad to announce a significant step in expanding both the zone under operation as well as its international customer base.
With the first phase of development finalized and all lots fully purchased, booked or with factories in operation, phase II of the development is being launched ahead of schedule in February 2011 as client interest in the Cambodian market rises faster than anticipated.
“2011 looks very promising. After 2009 has been quiet due to the global economic crisis, we have used 2010 to restructure and streamline our operations, refresh our brand and prepare for the launch of development Phase II of our 365ha Zone,”says Phnom Penh SEZ Managingn Director Hiroshi Uematsu. “Having to launch Phase II already now, a year before our original plan, is a very positive sign not only for Phnom Penh but also for Cambodia in general.”
Phnom Penh SEZ continues to attract major international and regional brands to its large, fully serviced industrial zone in the vicinity of the Cambodian capital, Phnom Penh. Production facilities designed to serve export markets are expanding while new, technologically advanced industries are increasingly joining the park.
A brand update is currently underway to accompany the expansion, promote Phnom Penh SEZ internationally and to create awareness for one of the potentially largest sources of employment in Cambodia within the local work force.
Phnom Penh SEZ is centrally located in the heart of the region's east--west corridor and offers a wide range of financial incentives and logistical advantages. Cambodia’s liberal economic and export policies allow for tax free, easy and highly profitable access to leading Asian, ASEAN, US and European markets.
- About Phnom Penh SEZ
Phnom Penh SEZ was established in 2006 with the prime objective to attract foreign direct investment to Cambodia, to increase exports and further accelerate the country’s economic growth. Phnom Penh SEZ is located on the outskirts of the capital Phnom Penh, only minutes away from the international airport and 30mins from the city centre. Companies investing in Phnom Penh SEZ are enjoying a wide range of support from government institutions based on site minimizing administrative efforts and providing direct access to solutions.
Phnom Penh SEZ has achieved both ISO 9001 and ISO 14001 certificates in early 2010, a reward for its commitment to quality, modern infrastructure and highest levels of customer service.
For further information please check our website at www.ppsez.com or contact
Phnom Penh SEZ
Ms. Carie Phou
National Road No. 4
Khan Dangkor,Phnom Penh
Following press material is available for publication upon request:
- Photographs of Phnom Penh SEZ: map of terrain, dry port, workers
- Photograph of Mr.Hiroshi Uematsu, Managing Director