Singapore-based Golden Integrating International Investment PTE LTD will invest in a green textile industry zone in Kampong Speu province. The groundbreaking ceremony is scheduled for next month. Representatives of the Golden Integrating International Investment PTE LTD presented the business plan at a meeting with Kampong Speu Governor Cheam Chansophoan on Wednesday. The construction of the zone is scheduled to begin on November 8 in Phnom Sruoch District of Kampong Speu province. The project focuses on the establishment of a green textile industrial zone to support textile manufacturing, the company said.
“The project will continue to develop into an important production and supply base for the printing and electroplating industries in the country and ASEAN as well,” the company said. This project has received support from the Environmental Protection Industry Associations of Cambodia and the Textile, Apparel, Footwear & Travel Goods Association in Cambodia.
The Governor thanked all companies that invested in Kampong Speu, a province favourable for investments, especially in the textile sector. “The project will contribute to the economic development of the people by creating jobs and boosting garment and textile exports,” the Governor said.
The industrial park, to be formed with the goal of being environmentally friendly, is an effort to reduce waste and pollution, effectively sharing resources (information, materials, water, energy, infrastructure and resources) among the manufacturers, to attain sustainable development.
The green industrial park is built on a large area and is environment- friendly and financially sustainable. Cambodia has currently 24 SEZs operating, with a capital investment of $8.1 billion, according to a report by the Council for the Development of Cambodia (CDC).
Prime Minister Hun Manet has unveiled the government’s plan for establishing a new model of special economic zones (SEZs) for green industries and high-end technology investments, making them different from the existing industrial parks. “We are developing policies and piloting economic zones to attract investment. The SEZs we plan to establish in the future are SEZs that can be tailored to specific industries,” he said.
The country exported over $9.2 billion worth of garments, footwear and travel goods in the first eight months of 2024.
