Chinese-owned Jin Yu Tang Aquaculture (Cambodia) Co plans to invest $100 million in freshwater and seawater aquaculture projects in Preah Sihanouk and Koh Kong provinces to feed local and interna-tional demand.
The investment was announced during a meeting with Veng Sakhon, the Minister of Agriculture.
Jin Yu Tang intends to invest in aquaculture projects in Koh Kong’s Sre Ambel district, which will spread over an area of 240 hectares. Likewise, deep-sea breeding and hatching projects are planned for Si-hanouville’s Koh Rong Samloem island, which will cover 2,000 hectares.
“The projects focus on the supply, distribution, research and development of aquaculture technology in Cambodia in line with international standards,” Mr Sakhon said, adding that total investment will equal $100 million and that 430 new jobs will be generated.
The company is now in the process of registering with the Ministry of Commerce and is due to submit a master plan for its investment to the Council for the Development of Cambodia in upcoming months.
