Cambodia: Warehouse space shortage brought to light

• Jul 09, 2019

The Cambodia Chamber of Commerce (CCC) recently noted that investors are facing difficulties finding warehouse space to rent at special economic zones in the country.

CCC’s vice president Lim Heng told Khmer Times that the rapid rise of investment going into the country has left little warehouse space available for new investors.

“There are no warehouses for rent inside industrial zones at the moment. This is because a large number of companies are already using this space,” he said.

Mr Heng urged SEZ owners to build new warehouses or expand the capacity of existing ones.

According to the Council for the Development of Cambodia, there were 44 special economic zones in the country in 2017. However, only 21 had been approved by the Office of the Council of Ministers.

Last year, exports from all the SEZs in the country combined were valued at $1.4 billion, an 18 percent increase compared to a year earlier, according to the Ministry of Commerce.

Source: https://www.khmertimeskh.com/50621941/warehouse-space-shortage-brought-to-light/