A Chinese firm has expressed its interest to invest in the agricultural sector, particularly in cassava and corn cultivation and forage plant breeding in the central province of Kampong Thom.
The investment plan was discussed between the Governor of Kampong Thom province H.E. Nguon Ratanak and a delegation from the Chinese company in the province on Aug. 9.
This is the second meeting between the provincial administration and the Chinese firm, the governor said, adding that the company has already completed its study on the investment plan.
During the meeting, H.E. Nguon Ratanak emphasised the agricultural potential of his province, pointing out that it has sufficient water sources for agricultural crops.
On behalf of the provincial authorities, the governor expressed his readiness to cooperate with the company and expressed his hope that the investment plan will create decent jobs for local people, reduce labour migration, and boost the provincial economy.
The Chinese delegation appreciated Kampong Thom province for its agricultural resources, especially cashew nuts which are, according to them, the most delicious in the world and of the highest quality. The delegation is committed to expanding the market for Cambodian cashew nuts mainly in Europe and the Arab world.
Source: Agence Kampuchea Presse