Weixin| 16 March 2025
Three Chinese companies won economic land concessions in Ratanakiri Province
(the article is machine translated from Chinese)
According to Cambodian media, the Ratanakiri Provincial Information Bureau recently issued announcement on the approval of 17 foreign-funded companies to obtain economic land concessions (ELC) in the province, covering agricultural planting, agro-industrial integration and beef cattle breeding. This move marks an important step for the province in promoting economic development and attracting foreign investment. According to the announcement, among the companies that have obtained economic land concessions, Vietnamese companies dominate, with a total of 13 enterprises, 3 Chinese, and 1 Indian companies. In addition, 10 local companies have also obtained land investment with a total area of 146,366 hectares. This series of measures aims to enhance regional economic vitality through diversified industrial development.
The Ratanakiri Provincial Government has listed economic development as a key strategy. According to the first phase development plan of the Cambodian government's "Pentagon Strategy", it is committed to promoting the development of agriculture, agricultural product trade, infrastructure construction, education and training, human resources development, health care, tourism and power supply and other key areas to improve the living standards of local people.
In recent years, the province's agricultural industry has continued to grow, not only meeting domestic food supply, but also gradually gaining export capabilities, laying a solid foundation for economic development.
To attract more domestic and foreign investment, Ratanakiri Province actively optimizes the investment environment and promotes economic diversification. So far, the province has a total of 136 registered companies, 46 branches and 60 individual enterprises.
At the same time, the provincial government has approved 27 companies to invest in economic concessions, covering industries such as agricultural planting, agro-industrial industries and beef cattle breeding, injecting new impetus into regional economic development.
This series of measures by the Ratanakiri Provincial Government not only provides a broad investment space for foreign-funded companies, but also creates more development opportunities for local enterprises, further promoting the sustainable development of the regional economy.
