Aquaculture plan gets the nod
Cambodia has agreed for a China-based firm to invest $100 million in freshwater and seawater aquaculture projects to supply fish for local demand and export. The Ministry of Agriculture, Forestry and Fisheries on February 2 signed an agreement with China Ocean Fishing Holding Limited for a joint venture with Khmer Holding Group on investments in aquaculture. Fisheries Minister Veng Sakhon said the freshwater and seawater investment was worth $100 million in areas around the Tonle Sap river, Mekong river and Preah Sihanouk province to increase output of fish to meet market demand. The Chinese company would also examine the possibility of creating a business to use raw materials in Cambodia to make low-cost fish feed for local fish farms. At the same time, the company is looking at quality assurance and fast-growing fish species to compete in neighboring markets and help improve the living standards of people and the economy, said Mr. Sakhon.
