$200million investment from Qatar Options

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Doha plans to invest $200mn in Cambodia

Published: Thursday, 8 May, 2008, 03:01 AM Doha Time

PHNOM PENH: Qatar plans to invest around $200mn in the agricultural sector of Cambodia, a senior official said yesterday.

An investment agreement will be signed soon, said Hor Namhong, deputy prime minister and minister of foreign affairs and international co-operation.

Qatar’s co-operation with Cambodia was highlighted after Prime Minister and Minister of Foreign Affairs HE Sheikh Hamad bin Jassim bin Jabor al-Thani paid his first official visit to Cambodia last month, he said.

“We welcome their investment,” said Hor, adding that Cambodia also plans to borrow loan from Qatar to restore its irrigation system for over 300,000 hectares of rice planting land in Svay Rieng, Prey Veng and Kampong Cham provinces.
Part of the paddy rice there will be sold to Qatar, he added. – Xinhua

I dig it. More rice, better irrigation systems, and more exports from these fields.

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