Cambodia’s first ever small and medium enterprise (SME) cluster park broke ground on Nov. 27 in Kandal province’s Takhamo city, expecting to boost local production to supply the domestic demand and export when launched.
The groundbreaking ceremony for the park dubbed Worldbridge 14.0 SME Cluster, was held under the chairmanship of H.E. Cham Prasidh, Senior Minister, Minister of Industry, Science, Technology and Innovation.
Located on an area of 6 hectares, the SME cluster park project is invested by local company Worldbridge Industrial Development with a total investment capital of US$30million. The construction will take about eight months to complete.
Speaking at the function, H.E. Cham Prasidh considered the establishment of Worldbridge 14.0 SME Cluster as a priority for the government to open to the world market through the export of Cambodian products.
For small and medium enterprises that step into the park will produce quality products and real products which do not copy from others and label the intellectual property protection to ensure the quality of Cambodian products for export to International markets, he said.
According to Mr. Sea Rithy, Chairman of the Worldbridge Industrial Development, the SME cluster park is composed of service centres, industrial equipment support centres, SME zone, infrastructure, logistics and services centres, business places, and accommodation workers.
The firm has been working closely with development partners such as the United Nations Industrial Development Organisation (UNIDO) and the United Nations Development Programme (UNDP) to facilitate the establishment of the SME cluster park, said H.E. Minister.
Source: Agency Kampuchea Press