The Royal Government has beefed up its economic development policy to attract foreign investment in order to increase exports and accelerate the country's economic growth. One economic development strategy initiated by the Government is the Special Economic Zone (SEZ).
One investor is a Japanese company called Zephyr Co.,Ltd, a rapidly growing Japanese real estate develper. A Japanese-designed project, Phnom Penh Special Economic Zone (PP-SEZ), covers in total 360 hectares.
The total cost of the project is estimated to be US$85 million and is expected to create 100,000 more jobs to Cambodian people over the next five years. PPSEZ is a co-investment from two private companies; Attwood Investment Group (AIG), and Zephyr Co., Ltd, a Japanese based company.
The administration of the SEZ provides "One Stop Service"for investors to easily access to government service. Furthermore, SEZ benefits a number of fiscal incentives, including benefits under Income Tax, Customs, and VAT.