Industrial park aims for SME segment
WorldBridge International Group will sink $25 million into developing an industrial park for small and medium-sized enterprises in Kandal province after signing a memorandum of understanding with the Ministry of Industry and Handicrafts on November 4, the company’s chairman said on November 7. The industrial park, named the “SME Eco Park”, will encompass 4 hectares of land and aims to be a centralised hub for the manufacture and production of raw materials, including agriculture and food products, as well as providing packaging services and logistics support. Rithy Sear, chairman of WorldBridge International Group, said this was one of the company’s first public-private partnerships, and WorldBridge would foot the bill for development while the ministry would help with licensing procedures and promoting the industrial park to attract SMEs.
