Chinese Giant DANONG Partners with Four Firms to Cultivate Cambodia’s Agricultural Potential

• Sommana Yan
• 15 September 2023
• Uncategorized
• 5180 Views

DANONG Agricultural Development Group, a major Chinese company, has inked agreements with four strategic partners for substantial agricultural investments in Cambodia. The signing ceremony took place on 12 September 12023.

The esteemed collaborators joining forces with DANONG are the Cambodia Agriculture Cooperative Alliance (CACA), Agri Bank Construction Land, Panagri International Farm Co., Ltd., and Century Group Co., Ltd.

Mr Zhao Shuije, President of DANONG, explained that the initial phase of the project will establish a model area spanning over 10,000 hectares. This zone will encompass corn cultivation, grass, straw, and protein-rich crops, as well as beef cattle farming. Additionally, the project includes the construction of agricultural product processing facilities.

Mr Zhao noted that the primary export destination for these agricultural products is China, where there is substantial demand. Furthermore, this investment will create employment opportunities for Cambodian residents, contributing to their livelihoods and income.

DANONG Agricultural Development Group has ambitious plans to invest over US$12.7 billion in smart agriculture across six strategic Cambodian provinces, including Sihanoukville, Kampot, Battambang, Pursat, Siem Reap, and Kampong Thom, encompassing approximately 750,000 hectares. (Read more)

These investments, as noted by HE Duong Dara, Secretary of State of the Office of the Council of Ministers, will further fortify the already robust ties between Cambodia and China while catalysing the growth of Cambodia’s agricultural sector.

• Projects Development
• Investment and Funding
• Cooperation and networking