AKP Phnom Penh, January 11, 2025 --

ISI Special Economic Zone, a new landmark development spanning over 800 hectares in Sihanoukville, Preah Sihanouk province, spearheaded by ISI GROUP in collaboration with capital partners, was officially launched on Jan. 10.

The grand launching ceremony was held under the presidency of H.E. Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, and H.E. Chea Vuthy, Secretary General of the Cambodian Investment Board of the Council for the Development of Cambodia, as well as national and international business communities.

H.E. Chea Vuthy expressed his endorsement of the new project by showing his positive outlook on the ISI SEZ to contribute to the Royal Government of Cambodia for the development of Sihanoukville and the Cambodian economy.

He stressed the importance of Sihanoukville as a national economic pole full of potential, and the Royal Government has always considered the private sector as the engine of national economic growth to enhance Cambodia’s competitiveness.

“With strong support from the Council for Development of Cambodia, ISI GROUP is confident in pushing the project forward. This support not only establishes a necessary regulatory framework for new collaborations but also creates an environment that attracts both local and foreign investments,” he said.

In the first step of business plan, ISI SEZ is built over some 206 hectares of land with a total fixed-asset investment of over US$50 million.

Mr. Kang Leng, Chairman of ISI GROUP, said following the success of ISI PARK Veng Sreng and ISI PARK National Road 2, ISI GROUP has reaffirmed its commitment to enhancing Cambodia’s industrial landscape with the development of ISI SEZ.

“ISI SEZ seeks to build on these achievements by incorporating advanced infrastructure and collaboration practices. Our goal is to continue innovating and leading in this sector, creating a vibrant ecosystem where businesses can thrive and communities can flourish,” he said.

Currently, 28 SEZs out of a total of registered 52 are in active operation with 835 factories, creating some 200,000 jobs, according to the report.

Cambodia’s exports through SEZs reached US$5.4 billion in the first 11 months of 2024, pointed out a report from the Ministry of Commerce.

By Chea Vannak