RGPPSEZ sees significant exports in 2024
RGPPSEZ sees significant exports in 2024
The exports of the enterprises located inside the Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) saw a significant increase in 2024 with a record high value of $1,880 million, up 16 percent from $1,621 million in 2023.
“We take immense pride in contributing approximately 7 percent to Cambodia’s total export value of $26,664 million, as reported by the General Department of Customs and Excise,” the RGPPSEZ said in a press release on Jan. 18.
The RGPPSEZ was established in 2006 with the vision of creating a premier hub for manufacturers across diverse industries and generating significant employment opportunities for Cambodians.
The firm said that the RGPPSEZ is home to 113 companies from 15 nations, specialising in the manufacture of high-value-added products, particularly electronics and electrical components, automobile assembly, and automobile parts.
According to the RGPPSEZ, these industries have created employment opportunities for 47,800 Cambodians and 700 foreign professionals, significantly contributing to the nation’s economic growth.
Thanks to the proactive efforts of the Royal Government of Cambodia in effectively managing the COVID-19 pandemic, all investors in the zone were able to maintain and even expand their operations, the company underlined.
Key sectors are now experiencing a steady recovery, and five new companies have been added to the zone, further reinforcing Cambodia’s supply chain resilience, said the RGPPSEZ.
