Singapore's HLH Group, which already has a 10,000 ha concession in Kampong Speu Province, says it will invest US$10 million to for a 400-hectare agricultural food processing park in Cambodia.
HLH Group splurges US$10m on agricultural food processing park in Cambodia
It will be fully operational in 2017.
Mainboard-listed HLH Group will invest US$10 million to for a 400-hectare agricultural food processing park in Cambodia, which is expected to be fully operational in 2017.
Planning for the new integrated Agricultural Food Processing Park to be called CAMFARM will begin in the second half of this year.
It will be equipped with plants and facilities for processing livestock produce by attracting international investors with interest in livestock husbandry and agricultural assets to set up farms in the Park. Funding for this Park will be from internal funds and financial institutions.
HLH's Agriculture Division is also targeting to set up four agriculture collection centers in four Cambodian provinces by the end of 2016.
The cost of setting up these centers, including costs of land, offices and warehouses, is about USD0.5 million each. These will also be funded by both internal funds and financial institutions.