Cambodia - តំបន់សម្ព័ន្ធនាយកពោធិបត់កម្ពុជា
Poi Pet PP SEZ is a newly established Special Economic Zone (SEZ) in Banteay Meanchey Province, Northwestern Cambodia, operated by Poi Pet PPSEZ Co., Ltd. This SEZ is strategically located near the Cambodia-Thai Border, offering attractive opportunities for investors seeking to establish manufacturing, warehousing, or distribution centers.
Chay Chay Investment and Shanghai Guozhi Group Co. recently entered a joint venture to develop a $200 million commercial and industrial project within the Poipet-O’Neang Special Economic Zone. The partnership, signed in a ceremony attended by Sok Chenda Sophea, Secretary-General at the Council for the Development of Cambodia (CDC), underscores the commitment to economic development and job creation in the region.
Development Plans for Poipet O’neang Special Economic Zone
The Industrial Zone within Poi Pet PP SEZ is designated as an Export Processing Zone (EPZ) covering 386.30 hectares. Its planned development includes accommodating approximately 150 factories in five phases. Currently, five factories are under construction in phase 1, emphasizing the zone’s growth potential and appeal to investors.
Poi Pet PP SEZ’s infrastructure includes a Dry Port, a Free Logistic Zone adjacent to the new border crossing point. It incorporates facilities such as administrative offices, a 24-hour raw material warehouse, a container and lorry park, and a bonded warehouse. The Commercial Zone, also a Free Trade Zone spanning 52 hectares, includes a wholesale market for imported products. These facilities aim to enhance trade and logistical efficiency within the SEZ.
Residential area
Covering 36 hectares, the Residential Area and Workers City prioritize the well-being of the workforce. Ownership and leasing costs are outlined, offering incentives for both Cambodian nationals and foreign investors. The potential industries for investment span textiles, electronics, agriculture, and more. Cambodia, as a member of the World Trade Organization, enjoys various trade privileges and bilateral agreements, making it an attractive destination for investors.
Investing in Poi Pet PP SEZ provides strategic advantages, such as convenient access via the ASEAN Highway, upcoming connectivity through the ASEAN Railway, and significant support from both Cambodian and Thai authorities. Prime Minister Hun Sen has expressed full support, citing the potential to create jobs, reduce labor migration to Thailand, and contribute to the province’s overall development. The region’s low-cost labor force, affordable land leases, and proximity to major landmarks, including the 143 km distance to Angkor Wat, further strengthen its appeal as a promising investment destination.
Additional Details for Poi Pet O’Neang Special Economic Zone
- Total area: 386.3 hectares
- Dry port / Railway: Dry Port will be a Free Logistics Zone and qualify for all Free Trade Zone incentives
- Tax incentives: Duty Exemption for import of production equipment, construction and raw materials… 0 % on Value-Added-Tax ( VAT ) for export and transaction within SEZ . 100 % exemption of import / export tax Up to 9 years tax holiday
- Non-tax incentives: Permanent visa for families of investors