Kampong Speu is gearing up for a business boom according to some recent reports but it’s one of many provinces seeing a push for investment. In first quarter of 2023, 5 manufacturing factories were announced in the province set up to employ more than 5,000 workers.
The provincial administration has revealed plans to set up 25 new factories and enterprises which is expected to generate more than 20,000 jobs in total – this follows a visit from Kampong Speu governor Vei Samnang to China’s Guangzhou province.
Samnang said in first quarter of 2023 that there are more than 380 medium- and large-scale factories already operating employing over 15,000 workers.
A luxury handbag and leather goods manufacturer confirmed their commitment by opening two branches in Kampong Speu, while six garment manufacturers are also looking to set up in the Cambodian province. Dozens of other factories specialising in products ranging from footwear to electronics could also be enticed to set up a presence in Kampong Speu.
More work and more employed workers, and hopefully continued investment in infrastructure in the province bode well for future property developments and potential rising land prices, more amenities and transport links. The province is also rich in national parks, waterfalls and natural scenery so could be opened up for ecotourism.
