A senior executive officer of Cambodian rice-crackers manufacturer Lyly Food Industry Co Ltd has said the company will build a special economic zone (SEZ) in Sihanoukville province and plans to launch it next year.
She said Kampong Seila SEZ is around 79 hectares for setting up factories and industries. “We plan to launch the SEZ next year, but we cannot give the exact date because COVID-19 is still ongoing. At present, we are preparing the land.” For the SME cluster, the company will focus on food processing and support industries.
The Cambodian government will soon implement two new related laws, namely the draft law on investment and the draft law on special economic zones. The government is sending the new draft law on investment to the private sector to discuss ways to make it more comprehensive and help the Kingdom to become an attractive destination for new investment and to improve the investment environment in the country.
The draft law aims to bolster the country’s competitiveness in the sense that the economic infrastructure can be diversified and there can be more resilience to the crisis in the region and across the globe.
It also modernises and boosts the productivity of local industry to link with the regional and global value chains through the movement of capital flows, technological transfers and know-how technology.
https://www.khmertimeskh.com/50774342/lyly-food-to-build-special-economic-zone-in-sihanoukville