Danong Agricultural Development Group to invest $12.7 billion in Cambodia’s Smart Agriculture Project
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In a significant move for Cambodia’s agricultural sector, a delegation from Danong Agricultural Development Group (DADG), a leading agricultural company in China, has announced a massive $12.7 billion investment in Cambodian agriculture. The investment will cover a vast area of 750,000 hectares across six provinces.
DADG’s decision to invest in Cambodia is seen as a strong vote of confidence in the country’s agricultural potential. The company has a proven track record of success in modernizing and commercializing agricultural production in China and aims to replicate this success in Cambodia.
During a press conference, senior government officials expressed their gratitude for the investment, emphasizing the positive impact it will have on Cambodia’s agricultural sector and the creation of numerous employment opportunities. They also highlighted DADG’s expertise in modern agricultural practices, which will further enhance the quality and productivity of Cambodian crops.
DADG President, Zhao Shujie, stated that the company plans to invest in various agricultural products, including rice, cassava, corn, and fruits. Additionally, DADG intends to develop infrastructure that supports the logistics of exporting Cambodian agricultural products to China, further strengthening the trade relationship between the two countries.
Mr. Shujie said, “We believe that Cambodia has great potential for agricultural development. We are excited to partner with the Cambodian government to help make this potential a reality.”
This $12.7 billion investment is a major milestone for Cambodia’s agricultural sector and signifies the increasing confidence that foreign investors have in the country’s economy. Not only is it expected to create thousands of jobs, but it will also stimulate economic growth in rural areas.
The investment by DADG is a positive development for Cambodia, showcasing the country’s openness to business and the government’s commitment to fostering a favorable investment climate. It also highlights the potential for Cambodia to emerge as a major agricultural producer in the region, gaining recognition for its agricultural sector.
Overall, this significant investment by DADG marks a transformative step for Cambodia’s agricultural development, one that is set to bring substantial benefits to the country and its people.
Source: estatedia.com
