From The Phnom Penh Post, August 15:
A Chinese agricultural company has announced plans to invest “$12.7 billion” in the agriculture sector on 750,000ha of land in four provinces along the Tonle Sap Lake: Battambang, Pursat, Siem Reap and Kampong Thom.
During an August 14 joint press conference with senior government officials, Danong Development Group chairman Zhao Shujie described the provinces as having strong potential for both the growth and transportation of agricultural products. He said the agricultural investment project would be one of the most modern in Cambodia.
“The company plans to invest around $12.7 billion, in a project that will focus on the construction and management of agricultural infrastructure, the operation of agro-industries and the establishment of agricultural banks.
“This ‘smart’ agriculture project, which will be implemented soon, is expected to benefit the people and government of Cambodia,” he said.
He added that earlier this month, he led a delegation of 13 investors and agricultural specialists to meet with agriculture minister Dith Tina and rural development minister Ouk Rabun. The delegates also met with the governors of the target provinces....
....MUCH MORE
HT: farmlandgrab
