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The next phase will find to take full advantage of the nearby port, focussing to the introduction of machinery, products, setting up materials, along with other industries. By March 2020, 174 factories had been established while in the zone, reportedly utilizing 30,000 people and creating the SSEZ Cambodia’s biggest export base. The vast majority of zone tenants are Chinese companies. In 2019, the SSEZ commenced building a focused a hundred MW coal electrical power plant to be able to supply reliable Electrical power supply. This was financed through a financial loan from ICBC Phnom Penh.
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Whilst China wasn't the architect of the improvement path, SEZs in Cambodia existing a organic alignment with the event priorities of your Chinese authorities, as they search for to offshore low-tech creation. The SSEZ has actually been a precedence of the two governments due to the fact 2006, when it absolutely was picked like a pilot ‘international financial trade cooperation zone’ by China’s Ministry of Commerce (MOFCOM).
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