A major economic hub in Cambodia linked to China's Belt and Road Initiative (BRI) is firing on all cylinders 🌟, with trade at the Sihanoukville Special Economic Zone (SSEZ) soaring 38.3% year-on-year to $628 million in early 2024!
🚢 Dubbed a 'flagship BRI project,' the SSEZ—launched in 2008 by Chinese and Cambodian investors—is now home to 188 businesses, attracted eight new ones this year alone, and has created over 30,000 local jobs 💼. Experts say its prime location near Cambodia’s largest deep-water port is supercharging global trade connections.
'This zone isn’t just numbers; it’s transforming lives,' said Neak Chandarith of the Cambodia 21st Century Maritime Silk Road Research Center. He highlighted its role in Cambodia’s quest to become an upper-middle-income country by 2030 🎯.
With plans to host up to 300 enterprises and 100,000 jobs, the SSEZ could become Southeast Asia’s next big economic powerhouse 🔥. Talk about leveling up!
