Source: www.fibre2fashion.com
In a recent development, plans are being laid out for a new green special economic zone (SEZ) in Koh Kong province of Cambodia. The discussions, which took place in the coastal province recently, are paving the way for an eco-friendly industrial hub with investments estimated between $400-$800 million.
The discussions involved provincial authorities, representatives from the Council for the Development of Cambodia (CDC), the ministry of economy and finance (MEF), provincial governor Mithona Phouthong and representatives from the British embassy in Phnom Penh among others.
The project, expected to begin in 2024, will cover at least 300 hectares, focusing on sectors like renewable energy, sustainable waste management, automotive, electronics, and textiles. National and provincial authorities are in the process of selecting a suitable location for this initiative.
The development aims to bolster environmentally sustainable practices in business and attract more foreign direct investment into Cambodia, especially in sectors currently receiving less attention, according to media reports.
The CDC has said that the green SEZ's mission is to produce eco-friendly exports targeting international markets. Koh Kong's strategic position, bordering Thailand and with access to the Gulf of Thailand, makes it an ideal choice for this venture. The province's current underdevelopment and available land also present an opportunity for substantial long-term industrial park development.
