Japanese to bolster SEZ development

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