China will help the construction of Sihanoukville special economic zone (SEZ) in Cambodia, a report by the state-owned CGTN news channel said, citing President Xi Jinping.
The 11-square-km Sihanoukville SEZ currently houses approximately 170 factories across the world with a total investment of more than $1.3 billion, creating around 30,000 jobs.
During his visit to Cambodia last week, President Xi stressed that China will encourage more Chinese enterprises to invest in Cambodia and support building transportation infrastructure.
China Road and Bridge Corporation invested $2 billion in Cambodia’s first expressway, which extends in a 187-km from capital Phnom Penh to the deep-sea port province of Preah Sihanouk, developed under the Belt and Road Initiative (BRI) framework. In the first three months since its inauguration on 1 October 2022, more than one million vehicles travelled on freeway.
Trade volume between China and Cambodia reached $14.5 billion from January to November 2022, a 19.1 percent increase year-on-year, CGTN said.
China To Support Cambodia In Construction Of Sihanoukville SEZ
February 21st, 2023
February 21st, 2023
Via Zawya, an article on China’s recent decision to support Cambodia construct a new SEZ:
This entry was posted on Tuesday, February 21st, 2023 at 9:58 am and is filed under Cambodia, China. You can follow any responses to this entry through the RSS 2.0 feed.
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