Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant

DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology Co., Ltd.

The company, which currently operates in Thailand and exports products to China, the United States, Australia, the Middle East, and Italy, sees Cambodia as a promising location for expanding its operations. Chinese investments have significantly grown in Cambodia, with China representing about 53% of the total investment capital in the first eight months of 2024.

Secretary General Chea Vuthy expressed strong support for DOMI Biotechnology’s investment proposal, urging the company to enhance local value by focusing on the processing of fresh fruits, particularly coconuts.

Cambodia’s expanding market for agricultural products, coupled with its strategic location, makes it an attractive destination for foreign investors looking to capitalize on the growing demand for processed fruits in both regional and international markets.

- Video Advertisement -

Related Post

Well-known Chinese company wants to invest in agriculture and livestock in Cambodia

SHAN CUN GROUP, one of China’s largest agricultural investment companies, has expressed interest in exploring the possibility of investment in Cambodia’s agriculture and livestock sector. The Deputy Secretary General of the Cambodian Investment Committee, HE Yun Heng, met with a delegation from SHAN CUN GROUP on September 5, 2024, where the company’s representative emphasized their […]

253-Meter Container Port Under Japanese Aid in Sihanoukville Officially Inaugurated

The new 253-meter-long container terminal at Sihanoukville Autonomous Port was officially inaugurated on September 12, 2024. The ceremony was attended by Samdech Hun Sen, Prime Minister of the Kingdom of Cambodia. HE Peng Po Nea, Minister of Public Works and Transport, mentioned that the upgraded terminal is now equipped with modern container lifts, including 2 […]

South Korea’s Yurahanes Invested US$ 15M to Expand Car Electronics Assembly Plant in Kampong Speu

South Korean company Yurahanes (Cambodia) is set to expand its car electronics assembly plant in Kampong Speu province, following an investment of over USD15 million. The factory, which employs 1,200 workers, including seven foreign specialists, was inaugurated under the presidency of HE Deputy PM Hun Many on 26 April 2023. The plant is located in […]

Cambodia Approves USD1.2 Billion in Investments for 53 Projects in August, Creating Over 33,000 Jobs

In August 2024, the Council for the Development of Cambodia approved 53 new projects, amounting to over USD1.2 billion in investments, set to create more than 33,000 jobs nationwide. Of these, 46 projects are new investments, while seven are production expansion initiatives. A total of 31 projects will be developed outside Special Economic Zones (SEZ), […]

Techo International Airport to Undergo 5 Days Final Flight Inspections Ahead of 2025 Launch

Techo International Airport, Cambodia’s largest and only 4F-class airport, will conduct a five-day flight inspection from 8 to 12 September 2024, as it gears up for its scheduled opening in the first half of next year. HE Sin Chanserivutha, Under-Secretary of State and Spokesman for the State Secretariat of Civil Aviation, confirmed that this critical […]

Cambodia Secures US$2 Million in Special Funds from Mekong-Lanchang Cooperation for 2024 Development Projects

Cambodia has been granted a US$2 million special fund from the 2024 Mekong-Lanchang Cooperation (MLC) to support the development of eight strategic projects, according to a press release issued by the Ministry of Foreign Affairs and International Cooperation on 3 September 2024. These projects span critical sectors such as tourism, demining, agriculture, rural development, public […]