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Home » News and Events » ADB’s study found SEZs in Cambodia attracted foreign investment and created job

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Minister attached to the Prime Minister Secretary General, Council of the Development of Cambodia.

On behalf of the Council for the Development of Cambodia, I would like to welcome you to this website which represents our continuous endeavors to promote development and investments in the Kingdom.  We aim to accelerate economic growth and attract further investments to Cambodia, a promising open market with steady political stability and proven sustainable growth. Over the past two decades, Cambodia has been transformed from a land in crisis to a land of opportunities. Our economic renaissance has only just begun.Read More»

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ADB’s study found SEZs in Cambodia attracted foreign investment and created job

A newly released study by the Asian Development Bank found that Special Economic Zones in Cambodia have attracted significant levels of foreign investment into the country that would not have been presented otherwise. The investments have created around 68,000 jobs, with equal or better pay and better prospects than the alternatives that would otherwise have existed, raising the economic welfare of the workers concerned.

The study also found that SEZs have somehow contributed to the Government’s objective of industrial diversification.

The study highlighted the fact that the Government has left the establishment and management of the zones to private sector developers, avoiding the large and sometimes wasteful public sector set up costs associated with SEZ establishment in many other countries.

 

Click here for full report.

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