Manhattan Special Economic Zone, the largest Chinese economic site in Cambodia and Surbana Jurong Group (SJ Group), a Singaporean SEZ development institution have jointly unveiled a master plan to expand business operations in priority sectors like agriculture, green energy, transportation and logistics.
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council of the Development of Cambodia (CDC) on Tuesday received a courtesy visit from Clement Yang, Director General of Manhattan SEZ along with Hong Kian Lim, Chief Executive Officer of SJ Group aimed at expanding cooperation in Kingdom priorities sectors in Phnom Penh.
During the meeting, the Manhattan Director presented the plans to expand his business operation as the company is planning to examine and cooperate with major companies such as SJ Group – a mature and experienced company in developing SEZs and cities around the world including Suzhou Industrial Park located in Jiangsu province, China.
Based on information released by the CDC, the collaboration between a Chinese SEZ and a Singaporean company will not only focus on the development of economic sites but also intend to invest in several sectors such as agriculture, green energy, transportation and logistics development as well.
In the course of the discussion, Chanthol welcomed the suggestions made by the company related to coordination and support from CDC aimed at ensuring the success of the investment projects under the Kingdom’s laws and regulations in force.
According to SJ Group, the company refines and transforms cities into sustainable livable spaces and uplifts the human experience. Owned by global investment company Temasek, the unique portfolio of companies fuels their capabilities in building a smart and sustainable future.
Manhattan SEZ is the first SEZ and the largest special economic site in the Kingdom, covering 400 hectares in Bavet city with over 36,000 skilled workers.
Earlier in the day, the Deputy Prime Minister organised a meeting to review the progress of the Cambodia-China Intergovernmental Coordinating Committee which was attended by Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) of CDC along with leaders and members of the committee.
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Further, the meeting also reviewed the performance of the Secretariat of the Committee while setting out activities to be implemented in line with the action plan for building a common destiny between the two nations in the new era.
Besides, the meeting served as an opportunity to exchange views based on the report from relevant ministries and institutions which will become an input for the upcoming intergovernmental meeting with Chinese investors in order to promote the implementation of the action plan more effectively.
Lor Vichet, Vice President of Cambodia Chinese Commerce Association told Khmer Times that there are two levels of national mechanism for Chinese investments in Cambodia. First, at the intergovernmental level which requires agreement between the representing dignitaries of the two countries’ governments which created the intergovernmental coordinating committee.
The second is the national assembly level mechanism which requires a similar procedure but on a larger scope as this mechanism needs strong collaboration between the National Assembly of Cambodia and the National People’s Congress of China (NPC) to establish interconnected laws as well as reach broad-based consensus on the implementation of joint legal documents that align with shared development goals following the ‘Common Prosperity and Common Destiny’ slogan.
When the heads of the Communist Party of China (CPC) and the NPC agree to invest in any priority sector projects, the government will begin the implementation with broad base support and consensus from both the party and the congress, Vichet added. khmertimeskh
