Royal Group Phnom Penh SEZ Plc. has announced a significant increase in exports valued at $492.7 million for the first 7 months of this year, exhibiting 26% growth over the same period in 2021.
With 357 hectares of land, the Royal Group Phnom Penh Special Economic Zone has grown to host 102 companies employing 39,100 workers as of July 2022, which is a 42.9% increase over the same period in 2021.
“The reason of export value increase and more job opportunities for workers mainly occurred because of the production expansion of automotive and electronic parts factories, and also massive investment of Marvel Garment Co., Ltd., a subsidiary of the largest vertically integrated knitwear manufacturer in China,” said UEMATSU Hiroshi, Chief Executive Officer of Royal Group Phnom Penh SEZ Plc.
Under the strong leadership of Prime Minister Hun Sen, Cambodia was able to manage COVID-19 pandemic better than other countries, and mitigated the negative impact to economic activities.
Neak Okhna KITH Meng, the Chairman of the Royal Group Phnom Penh SEZ Plc., has reaffirmed his committed to continuously support investors in order to contribute to the industrialization of the country and create a business-friendly environment with innovative technology.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
