Poipet Welcomes Japan’s Leading Technology Oriented Park

AKP Phnom Penh, A leading Japan's technology oriented park has arrived Poipet boomtown in the northwest of Cambodia, opening the country's new opportunities for jobs and skill transfer.

Japan-based Toyota Tsusho Corporation recently launched the US$3 million investment zone branded Techno Park Poipet under the chairmanship of CDC secretary general, Japanese ambassador to Cambodia, and the group's representative after almost four years of construction.

On behalf of the Royal Government of Cambodia, H.E. Sok Chenda Sophea, Minister attached to the Prime Minister and Secretary General of the Council for the Development of Cambodia (CDC), warmly welcomed the existence of the part, considering it as a magnet for more Japanese technology science investment in Cambodia.

Techno Park Poipet, he added, will not only diversify investments in Cambodia, but also create jobs and transfer skills to the locals � well aligning with the government's Industrial Development Policy 2015-2025.

According to Managing Director of Toyota Tsusho Mr. Takayuki Tatsuta, the placement of the technology park at Poipet is best as it is near Phnom Penh of Cambodia and Bangkok of Thailand, allowing convenient transportation of products.

He continued that in addition to producing vehicle's spare parts, the park also trained locals to work for the industry; and as of now, there are five firms operating in the technology zone employing over 150 Cambodians.

Cambodia is the fourth country with the Japan's Techno Park; the others include India, Thailand and Indonesia.

From his end, Japanese Ambassador to Cambodia H.E. Horinouchi Hidehisa spoke highly of Cambodia and reiterated his commitment to help encourage more Japanese investment to Cambodia.

CDC figure indicates that there are currently 115 Japanese investment projects worth over US$1 billion, employing some 36,000 Cambodians across the country.

Source: Agency Kampuchea Press