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Thai SEZ Eyes Cambodia

Posted by osjahrealty on June 8, 2016
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WEDNESDAY, 08 JUNE 2016 – The Thai government plans to build a special economic zone (SEZ) worth about $141.6 million in Sa Kaeo, which borders the Kingdom’s Banteay Meanchey and Battambang provinces, to serve SMEs that aim to expand their business into Cambodia, according a Thai media report.

Industry Minister Atchaka Sibunruang told the Bangkok Post that the government plans to invest five billion baht (about $141.6 million) on building a special economic zone (SEZ) in Sa Kaeo to serve small and medium-sized enterprise operators.

“The Sa Kaeo SEZ will be one of six in the government’s first phase focused on light or green industries. The government wants to serve SMEs interested in expanding into Cambodia, which is why the SEZ will be located next to the border,” she said.

The government assigned the Industrial Estate Authority of Thailand (IEAT) to develop 660 rai, equaling to around 10.5 hectares of undeveloped land at Ban Pa Rai, targeted for local and

foreign SME operators in agricultural processing, garments and textiles, electronics, auto parts and packaging industries, according to the report.

The IEAT expects to sign leasing contracts with investors for all 660 rai over the next two months, according to Somchin Pilouk, deputy governor of the IEAT, quoted by the Bangkok Post. The project is in the environmental impact assessment (EIA) study phase now.

“Once the EIA is completed in July, the ministry will seek cabinet approval and start construction in October. If all goes as planned production can begin in 2018,” said Ms. Somchin.

The first SEZ phase, which features six areas for development, will cover 4,473 rai, translating to about 71.5 hectares of land.

Source: Khmer Times

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