Construction of 500-hectare Kampong Speu Industrial Zone Begins

Mr Kou Borin told Construction & Property Magazine on 21 October that the working team are currently filling in the land and preparing some of the project’s internal infrastructure.

“Besides a factory and residential area, this industrial park will provide complete-cycle assistance to investors. We will also develop staff accommodation, condominiums, commercial markets, theme parks, commercial offices, hotels, an exhibition centre, and other multi-purpose venues,” said Mr Borin.

“In addition, the facilities will be well-connected with utilities and equipped with a high-security system based on the standards of the Ministry of Commerce,” he added.

OCIC plans to invest approximately US$50 million in developing this project. Currently, the firm is also actively seeking more foreign partners to set up their factories in this project.

According to the same source, this industrial park was created in response to increasing demand, and also as a complement to the Canadia Industrial Park project on Veng Sreng Road, which was built many years ago.

“Canadia Industrial Park was not able to meet the needs of investors wishing to buy and lease large tracts of land for new factories. Therefore, OCIC Group has decided to build this new industrial park, which has a bigger and better location plus more modern technology,” said Mr Borin.

“Despite the COVID-19 crisis, we believe that due to its geographical attractiveness and reasonable price, this project is still a good choice for foreign investors,” he said

Real estate experts have speculated that the new industrial park project will become Cambodia’s economic catalyst after the COVID-19 crisis ends, as it will help absorb more foreign investment and mobilise more factories from the city to the area as well.Source from Construction-property.com