December 16, 2010
Source: Xinhua
A senior government official said Thursday there is no license revocation for the developers of Special Economic Zones (SEZs) in Cambodia despite they have speed down or abandon their zone development since the global financial crisis.
According to the report from the Council for the Development of Cambodia (CDC), since 2002, the CDC has granted licenses to 21 SEZs with an estimate of the promised investment of more than 1 billion U.S. dollars.
Those SEZs are located along the borders with Thailand and Vietnam, and on the outskirts of Phnom Penh as well as in Preah Sihanouk province, where the international port is located.
Chea Vuthy, deputy secretary general of the CDC in charge of the Cambodia's SEZs, said that currently among the 21 licensed SEZs, only four are in operations with about 50 investors in the zones, and two are being built.
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