Unlocking Cambodia’s Industrial Potential: The Role of Special Economic Zones

Key takeaways

• Cambodia’s economy has grown significantly in recent years, transitioning from a low-income to a lower-middle-income country and aiming for upper-middle-income status by 2030.
• Special Economic Zones (SEZs) are pivotal in driving industrial growth and achieving Cambodia’s vision of transforming its manufacturing sector to focus on high-value, skilled industries by 2025.
• Cambodia’s path towards industrial development is hampered by constraints including administrative inefficiencies, governance deficiencies, and high electricity costs. SEZs are uniquely positioned to address these barriers to investment by improving service delivery, enhancing transparency, and promoting renewable energy.
• Reforms in SEZs can support priority sectors such as information and communication technology (ICT), automotive, electronics, and medical products by fostering skills development, establishing industrial ecosystems, and strengthening intellectual property protection.

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For additional information or to arrange a follow-up, please contact Michael Castle-Miller.