Eight Companies Will Invest in Agro-Industry Crops on More than 50,000 Hectares of Land

Eight Companies Will Invest in Agro-Industry Crops on More than 50,000 Hectares of Land

The Mirror, Vol. 14, No. 650

“Phnom Penh: The Royal Government, represented by the Minister of Agriculture, Forestry, and Fisheries, Mr. Chan Sarun, and representatives of eight companies signed, on 29 January 2010, contracts on agro-industry crop investment on more than 50,000 hectares of land. Most investments focus on rubber plantations in three northeastern provinces of Cambodia.

“The signing ceremony was held at the Ministry of Agriculture. The chief of the cabinet of the ministry, Mr. Hong Nareth, informed Rasmei Kampuchea, saying, ‘After the Minister of Agriculture had received the authorization from the head of the government, we organized this official contract signing ceremony.’ The 8 companies received economic concession land of more than 50,000 hectares for investment. Among the 8 companies, 1 company is from Malaysia, 1 from South Korea, 4 are from Vietnam, and 2 are local companies.

“Based on the contracts, he said that the Malaysian company will invest in agro-industry crops on more than 7,800 hectares of land in Mondolkiri. The South Korean company will invest to plant rubber trees on 6,600 hectares of land in Kratie. The companies from Vietnam will plant rubber trees and agro-industry crops, raise animals, and establish processing factories on 20,900 hectares of land in Kratie and Ratanakiri. Local companies will invest in rubber and agro-industry crops plantation on 16,900 hectares of land in Kratie.

“Speaking on behalf of the Royal Government, the Minister of Agriculture welcomed the investments by all investors that respond to the Royal Government’s needs. He considered the official decisions and deals at this time as mutual beneficial contributions and joint development efforts for Cambodia to reduce poverty, to create employment, and to transfer agro-industrial techniques to Cambodian people.

“The minister reminded all companies which have received the right to invest that they have to implement their activities according to the contracts. In the meantime, the ministry is ready to cooperate to ensure that the investment becomes successful.” Rasmei Kampuchea, Vol.18, #5113-5114, 30-1.1-2.2010

This article was first published by The Mirror, [3] Vol. 14, No. 650 - Monday, 1.2.2010
Have a look at the last editorial - you can access it directly from the main page of The Mirror. [3]

Norbert Klein is the Editor of The Mirror [4] – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror [5]