Private Firm to Lease State Land in Koh Kong for Aquaculture Investment

Koh Mongkol Ratanak Sambath Co., Ltd has proposed leasing 369 hectares of state land in Sre Ambel district of Koh Kong province to invest in a large aquaculture project at a meeting between the firm and the Koh Kong provincial administration on 21 January.

According to the firm, the project will be implemented in three phases. However, the Koh Kong provincial administration may allow the company to lease only 100 hectares in the pilot phase.

After the second meeting, the government is yet to make any decision as they need more time to study the proposal. The firm has also not revealed details of the project or the investment value.

Aquaculture is the business of growing plants and raising animals in the water, which also helps protect mangrove forests and maintain the stability of biodiversity in the area.

- Video Advertisement -

Related Post

Cambodia and Vietnam Set Ambitious Trade Target of USD 20 Billion

In a significant commitment to enhance economic collaboration, Cambodia and Vietnam have pledged to elevate their bilateral trade to USD 20 billion in the coming years. This agreement was reached during a meeting on February 26, 2025, between Samdech Khuon Sudary, President of the National Assembly of Cambodia, and H.E. Nguyen Minh Vu, the Ambassador […]

Cambodia’s Trade Volume Surges to Over USD28 Billion in 2024

In a significant boost to its economy, Cambodia has reported a trade volume exceeding USD 28 billion in 2024, marking an impressive 18% increase from the previous year. The latest import trade report from the General Department of Customs and Excise reveals a total import value of approximately USD 28.5 billion, reflecting robust growth in […]

Malaysia Strengthens Agricultural Ties with Cambodia Through Investment in Fresh Milk Production

In a significant step towards enhancing agricultural cooperation, Malaysia has announced plans to invest in fresh milk production in Cambodia. This development was unveiled during a key meeting between Cambodia’s Minister of Agriculture, Forestry and Fisheries, H.E. Dit Tina, and Malaysia’s Minister of Agriculture and Food Security, H.E. Datuk Seri Haji Mohamad bin Sabu. During […]

Cambodia and Japan Collaborate to Create War Relic Recycling Facility for Souvenirs

In a spirit of inspiration to transform war relics into symbols of hope, Cambodia has joined hands with Japan to establish a war relic recycling facility that will pioneer the crafting of unforgettable souvenirs. The initiative was launched by the Cambodian Mine Action Center (CMAC) and Japan On The Road on February 24, 2025. His […]

Companies Raise USD 475 Million in Capital Markets, Promising Growth Ahead

As of February 2025, listed companies in Cambodia have successfully raised a total of USD 475 million from the capital market, according to HE Hong Sok Hour, CEO of the Cambodia Securities Exchange (CSX). During his address at the ACLEDA Bank subordinated bond listing ceremony on 24 February 24, HE Hong announced that CSX currently […]

Cambodia Government Facilitates Import Exemptions for Construction Projects

In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 S.H.O.P.R.K, issued […]