Japanese to bolster SEZ development

5 March 2013
The Phnom Penh Post
Economy and commerce / Industries / Investment / Manufacturing / Real estate / Special economic zones
association of overseas Japanese investors / Cambodian Investment Board / CDC / chairman Sorn Sokna / Chinese aid / Council for the Development of Cambodia / director of the evaluation and incentive department / ferry service / Financial Institute of Cambodia / Interior Minister Sor Kheng / Japanese businessmen / Japanese delegation / Japanese local governments / Japanese-funded bridge / Mekong river / Memorandum of Understanding / Prey Veng ferry terminals / Sonatra Group / Sorn Sokna / Special Economic Zone / Tsutsui Osamu / Wakyo Sokai Limited Chairman / Youn Heng

A GROUP of Japanese businessmen yesterday signed a memorandum of understanding with Sonatra Group chairman Sorn Sokna to develop a special economic zone along the Mekong River at the site of the Prey Veng ferry terminals. The ferry service is expected to become redundant when the adjacent Japanese-funded bridge is completed next year. … Sokna, the chairman of Sonatra Securities and a former Sokimex official, founded the Financial Institute of Cambodia and has been a minority owner of restaurants and real-estate projects. He said he already had 10 Japanese investors with commitments to build factories for phase one of the project, but was seeking commitment from 25 investors before the project got under way. …

http://www.phnompenhpost.com/2013030561750/Business/japanese-to-bolster-sez-development.html