Cambodia will have additional Special Economic Zone (SEZ) administrations and new SEZs, all of which will play an important role in increasing the country’s attractiveness to investors and encouraging more direct investment into Cambodia.
According to the government’s March 11 Decision No. 30 SSR, “Establishment of the Grand Bokor Special Economic Zone Administration”, the Grand Bokor SEZ Administration will be established in Preah Sihanouk province’s Teuk Thla commune, in Prey Nop district.
At the same time, the “Canadia National Road 51 Special Economic Zone” was also approved. It will cover more than 500 hectares in Kampong Speu province’s Samrong Tong and Samakki Monichey districts.
Details were released about the management structure of the Grand Bokor SEZ.
The administration will be chaired by a representative from the Council for the Development of Cambodia (CDC)/Cambodia Investment Board (CIB), with members from the Ministry of Commerce, the Ministry of Labor and Vocational Training, the General Department of Customs and Excise of Cambodia and the Preah Sihanouk Provincial Administration.
The administrations key responsibilities include monitoring the entry and exit of goods, vehicles and individuals, including appropriate customs procedures. It will monitor all work within the zone to ensure it complies with established regulations and regularly monitor the same. It will also facilitate permits and licenses and administer investment applications and incentives.
The board will work with the zone developers to ensure smooth operations and cooperating with zone developers to resolve matters within its jurisdiction.
Monthly, quarterly and annual reports will be submitted to the appropriate authorities.