Steel firm mulls factory in SSEZ
A Chinese steel company is in talks with Sihanoukville Special Economic Zone to set up an industrial facility in the zone, a marketing executive said on November 19. Gu Xia, section chief of SSEZ’s marketing department, said the Chinese company was currently reviewing the land contract, and his company hopes the deal will be signed by next month. He declined to name the firm or the size of its investment, or provide details on the nature of its operations. “The scale [of the investment] is still under discussion, but according to their plans it will offer jobs for maybe 400 to 500 workers,” he said. SSEZ – jointly operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co Ltd and Cambodia International Investment Development Group Ltd – is the largest special economic zone in Cambodia, with over 100 tenants. A total of 88 mostly-Chinese factories currently operate in the 1,113-hectare industrial park, providing jobs for about 15,000 workers. The zone recently announced a plan to expand to 300 factories by 2020, providing 100,000 more jobs.
