Gov’t approves US$85 million investments in cattle and rubber farms in Kratie and Preah Vihear

• 18 April 2023
• Local News
• 2696 Views

The Investment Committee of Cambodia’s Council for the Development of Cambodia (CDC) has approved two investment projects that will contribute to the country’s economic growth and development. Eastern Rubber (Cambodia) Co., Ltd will invest US$73.4 million to establish a large-scale cattle and beef cattle farm in Snuol district, Kratie province, while Rithy Rubber (Cambodia) Co., Ltd will invest US$12 million to establish an agro-industrial farm and processing plant in Preah Vihear province.

The cattle farm in Kratie is set to become a significant player in the industry, with the investment covering the establishment of a large-scale cattle and beef cattle farm. The project is expected to create over 200 new job opportunities for Cambodians.

Meanwhile, the agro-industrial farm in Preah Vihear province will focus on rubber production and processing. The project will also provide job opportunities for the local community. According to the CDC, the investment projects will help to boost the country’s economic growth and development.

The CDC’s recent announcement highlights Cambodia’s continued efforts to attract foreign investment and spur economic growth. The projects are expected to make significant contributions to the country’s agriculture and livestock sectors, two key areas of the country’s economy.

• Investment and Funding