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transtic

May 7 2008, 09:29 PM

QUOTE

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.

Source

Nikkie_nid

May 7 2008, 09:52 PM

We need to build rice supremacy by now. In the future, we may need enough rice for domestic use and international trade. Don't underestimate agriculture importance to our economy in the future. I shall want to retain our country as an agriculture one better than industrialized. We have ancient temples which need to be protected from harmful chemical substances and wastes.

Goombaking209

May 8 2008, 12:52 AM

Of 2,000 rice varieties indigenous to Cambodia I hope this investment discovers and breed the ultimate variety.

Thaiawat Nusara (2000). The Cuisine of Cambodia. Bankok Thailand: Nusara and Friends Co. Ltd. p. 22-26. Retrieved 09-18-07

victord1

May 8 2008, 06:07 AM

QUOTE(transtic @ May 7 2008, 09:29 PM) [snapback]3684562[/snapback]

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

Source

This is the kind of help that we REALLY need.

The kind that helps us rebuild and strengthen our infrastructures and economy.

And we need more of them in the area of power supply, transportation, communication, and waste management.

jeryvicious

May 9 2008, 08:58 PM

I think the only reason why Qatar is showing any interest in cambodia is because of the potential oil in our country!

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