Danong Development Group: Pioneering a US$12.7bn Agro-Industry Revolution Across Six Cambodian Provinces

In a landmark move poised to redefine Cambodia’s agricultural landscape, China’s Danong Development Group has unveiled a visionary investment initiative, setting its sights on a colossal investment of over US$12.7 billion spanning six strategic provinces. The announcement, unveiled during an exclusive press conference by BDN TV online on 14 August marks a monumental leap forward in Cambodia’s economic growth trajectory.

With a strategic footprint spanning Sihanoukville, Kampot, Battambang, Pursat, Siem Reap, and Kampong Thom provinces, the expansive nature of this project necessitates approximately 750,000 hectares of agricultural land. The Dancing Development Group is poised to catalyze a revolution in the agricultural sector, fortifying the nation’s position on the global trade stage.

Mr. Doung Dara, Secretary of State of the Council of Ministers, lauded this strategic collaboration, stating, “Danong Development Group’s expertise in modern and smart agricultural industries makes them an exemplary partner for Cambodia. Their involvement will undoubtedly accelerate our agricultural sector’s growth, positioning Cambodia as a beacon of agro-industrial development.”

Mr. Zhao Shuje, President of Danong Development Group, highlighted the venture’s comprehensive approach, emphasizing investments in livestock and agricultural products. The focus includes grass planting for animal feeding, corn breeding, cassava cultivation, and pig and cow breeding and raising. These critical components will form a robust supply chain, incorporating advanced processing facilities and innovative livestock farming practices.

The cornerstone of this transformative initiative is its export-oriented approach. Mr. Zhao Shuje underscored the significance of Cambodia becoming a vital food warehouse, catering to China’s surging demand due to its rapid economic expansion.

With a central business hub planned for the multipurpose special economic zone in Sihanoukville, Danong Development Group envisions a dynamic ecosystem comprising food stock centers, multi-service, and supply centers, and an advanced logistical network across a sprawling 15-square-kilometer expanse.

Recognising Cambodia’s finite available land for concessions, the investment strategy will adopt a multi-faceted approach. It encompasses land rental for investment, co-investment initiatives, and land acquisition at appropriate market prices.

This visionary investment project, took shape following PM Hun Sen’s visit to China in February 2023, during which the PM called for more interest from Chinese investors.

Beyond its financial magnitude, this initiative holds the promise of stimulating growth across sectors, leaving an indelible impact on the nation’s economy. The investment’s astounding value of over US$12.7 billion parallels almost half of Cambodia’s 2021 GDP, cementing its potential to shape the nation’s economic trajectory.

- Video Advertisement -

Related Post

Chinese Company Sets Sights on Durian Cultivation and Processing in Cambodia

In a significant move to enhance agricultural exports, a Chinese company, Zhengzhou Chen’s Sun, has expressed keen interest in investing in durian cultivation and establishing processing facilities in Cambodia. This initiative was prominently discussed during a meeting between Prime Minister Hun Manet and Xuemei Chen, the Chairman of Zhengzhou Chen’s Sun, on November 6, 2024, […]

Chinese Guoxing Group Commits to Major Investments in Cambodia’s Industrial and Agricultural Sectors

Guoxing Group, a prominent Chinese conglomerate, has reaffirmed its commitment to establishing a major industrial park in Cambodia and is actively exploring agricultural investment, particularly in the production of organic fertilizers. This announcement followed a strategic meeting between Samdech Hun Manet, PM of Cambodia, and Mr. Li Guolian, President of Guoxing Group, on 6 November […]

Gov’t to Launch Three Major Water Storage Systems for Agriculture & Eco-Tourism

The Ministry of Water Resources and Meteorology has unveiled plans to establish three large-scale Cascade Systems for rainwater storage in the Cardamom Valley, Oral Mountains, and Pich Nil Waterfall, aimed at bolstering water management for agriculture and tourism. The announcement was made by HE Chan Sinath, Secretary of State for the Ministry of Water Resources […]

Australia & Cambodia Unveil Advanced Food Quality Testing Service to Boost Agro-Food Safety

Australia, in collaboration with the Institut Pasteur du Cambodge, has officially launched a cutting-edge food quality testing laboratory in Cambodia, aiming to enhance food safety and market competitiveness for the country’s agro-food sector, according to a press release from the Australian Embassy on 16 October 2024. The new facility, which adheres to ISO standards for […]

Siem Reap Becomes Cambodia’s 10th Open Defecation-Free Province, Leading the Way for a Cleaner Future

Siem Reap has officially become Cambodia’s 10th province to achieve open defecation-free (ODF) status, a milestone announced on 26 September 2024. This accomplishment is part of a national effort to eradicate open defecation across the country, following in the footsteps of Svay Rieng, Prey Veng, Kandal, Kampong Speu, Kampong Chhnang, Kep, Sihanoukville, Kampong Cham, and […]

Cambodia Secures MoU on Direct Export Deal with China for Cashews, Cassava, & Bird Nests

Cambodia has signed a Memorandum of Understanding (MoU) with China to streamline the direct export of cashew nuts, cassava, and earwax nests, bypassing intermediary countries and expediting market access. The Ministry of Information announced the agreement on 27 September 2024. The MoU was signed between three Cambodian associations – the Cambodian Cashew Association, the Cambodian […]