Wednesday, May 31, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Kith Meng led a delegation from Cambodian Chamber Of Commerce to visit the PPSEZ

February 23, 2022
in Business, Cambodia, National
0
Kith Meng led a delegation from Cambodian Chamber Of Commerce to visit the PPSEZ
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Neak Oknha Kith Meng, President of the Cambodian Chamber of Commerce and the new Chairman of the Phnom Penh Special Economic Zone (PPSP),  led a delegation from the Cambodian Chamber of Commerce to visit the Phnom Penh Special Economic Zone in order to learn abut the development process and investment in the largest special economic zone in Cambodia.

During the visit, the delegation visited the entire Phnom Penh Special Economic Zone and visited major companies such as the Japanese company Minebea, which makes electronics, and the Japanese company Sumi Wiring Systems and an  American company Laurelton Diamonds, which produces diamonds and polishes diamonds into finished products.

During this visit, Kith Meng, his  Vice President, as well as members of the Cambodian Chamber of Commerce, listened to the history as well as the major investment projects in the Phnom Penh Special Economic Zone, which has more than 100 large factories and more than 40,000 employees.

On December 17, 2021, Inter Logistics (Cambodia) Co Ltd), a subsidiary of Royal Group, bought 45.09 percent of PPSEZ shares and became the majority voting shareholder in the company that developed this industrial park.

On January 26, 2022, at the Extraordinary General Meeting of Shareholders (EGM) of the Phnom Penh Special Economic Zone, Kith Meng was elected as the new Chairman of the Phnom Penh Special Economic Zone (PPSP).

The investment in this stock is an important step for the development of the Royal Group. With this new business, Kith Meng  hopes that it  will bring new technology, management, business strategy and more investors to further develop the special economic zone.

Phnom Penh Special Economic Zone is a public company listed on the Cambodia Securities Exchange. Phnom Penh Special Economic Zone was established to provide many incentives and benefits from the government to developers, operators and investors in this special economic zone, such as tax exemption, income tax and other taxes, and help reduce the cost of infrastructure, water, electricity, raw materials and other resources, increase export competition and benefit international trade.

Covering an area of ​​357 hectares, the Phnom Penh Special Economic Zone has brought in more than 95 manufacturers and services from 12 countries, as well as more than 80 international companies from 15 different countries investing in the region.

Exports from factories in the Phnom Penh Special Economic Zone amounted to $673 million in 2021. Cheng Chhuot – AKP

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaKith MengNeak Oknha Kith MengPhnom PenhPPSEZ
Previous Post

Cambodia-Malaysia Business Forum buoyed by Cambodia’s free and vibrant economy

Next Post

Covax Covid-19 vaccine supply outstrips demand for the first time

Related Posts

Chinese tiremakers bet on recovery via new plants in Cambodia

Chinese tiremakers bet on recovery via new plants in Cambodia

by Khmer Times
May 30, 2023
0
0

Manufacturers in China, the world’s largest producer and exporter of tires, are building factories abroad in an optimistic mindset to...

Cambodia Mekong River cruise business ‘slowly’ getting back on track

Cambodia Mekong River cruise business ‘slowly’ getting back on track

by Khmer Times
May 30, 2023
0
0

Mekong River cruise business is getting back on track, but at a slow pace, according to a prominent player in...

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

by Khmer Times
May 30, 2023
0
1

South Korean eco-friendly electric two-wheel vehicle supplier Verywords Co Ltd inaugurated its plant to assemble electric scooters in Kandal province,...

Most Popular

2 Chinese tourists’ naked bodies found in Bali hotel

2 Chinese tourists’ naked bodies found in Bali hotel

May 6, 2023
221
Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

Oriental Bank Plc, new commercial bank in Cambodia, to enter market ventured by G Capital Bhd, Public Bank Bhd, E S Packaging

December 12, 2020
3.6k
Harry takes a seat at coronation, but no balcony appearance

Harry takes a seat at coronation, but no balcony appearance

May 8, 2023
6
At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

At least 146 dead, 150 injured in stampede during Halloween festivities in Seoul

October 30, 2022
116
China urges Australia to help find crew of capsized fishing boat

China urges Australia to help find crew of capsized fishing boat

May 19, 2023
4
Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

Dara Sakor International Airport in Koh Kong province of Cambodia delayed due to unfinished construction

May 19, 2023
4

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!