Phnom Penh Post
By Hor Kimsay
In a $1.3 million investment, a new Japanese restaurant opened in the
Phnom Penh Special Economic Zone (PPSEZ) last week amid the large
presence of Japanese companies in the area.
The
1,000-square-metre Tokyo Restaurant looks to “help to [showcase] the
culture of Japanese food, and provide jobs for Cambodians,” said
Morihiro Iijima, CEO of Keiaisha Company, which owns the restaurant. He
also believes the restaurant would contribute to boosting business in
the zone.
According to a map on the PPSEZ website that was last
updated in mid-January, more than 60 companies were operating in the
PPSEZ, of which 29 were Japanese.
Speaking at the restaurant’s
opening ceremony last week, Cambodian Deputy Prime Minister Men Sam An
welcomed the new establishment. “It is not only to attract Japanese
investors, but also Cambodian and other foreign investors,” she said.
Data
from the Japanese embassy in Phnom Penh shows that Japanese investment
totalled about $330 million last year, with a huge chunk coming from a
$205 million shopping mall investment by AEON that is currently under
construction. In 2011, Japanese investment was about $75 million.
In
a recent trade figure provided by the Japan External Trade
Organization, bilateral trade between Cambodia and Japan reached $177
million in the first three months this year, a 13 per cent rise compared
with the corresponding period last year.
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