A joint venture between a local logistics firm and its Hong Kong partner began construction on a 63-hectare special economic zone (SEZ) in Phnom Penh’s Dangkao district on Wednesday, with about $100 million in investment, according to an official involved in the project.
“We have invested $100 million for the whole special economic zone,” said Rithy Sear, who sits on the board of directors for the Kerry WorldBridge SEZ.
Once operational, he said the industrial zone—a joint venture between local logistics company Worldbridge International and Hong Kong-listed Kerry Logistics Network—would host factories that employ between 20,000 and 25,000 workers.
The SEZ plans to host automobile showrooms, warehouses and workshop facilities in the first of three phases covering 15 hectares.
For the second phase, 40 hectares will be devoted to the electronics and utilities industries, with the third area covering 8 hectares set aside for industrial infrastructure, Mr. Sear said, according to an official transcript.
Construction on the SEZ is expected to be completed in March 2016, he added.