The government has given the green light to Jia Run Agricultural Development Co., Ltd. to carry out a feasibility study for an ecological agriculture development project in Sanamxay district, Attapeu province.
An agreement with regard to the project was signed on Wednesday by Deputy Minister of Planning and Investment Mrs Khamchan Vongsaenboun and company President, Mr Xiafei.
Speaking at the ceremony, Mr XieFei said the company planned to operate the project on area of 5,000 hectares, as a cooperation in modern agriculture.
Jia Run Agricultural Development Co., Ltd. will fund and operate the project. the feasibility study will complete within six months.
In the next five years the company plans to invest about 800 million yuan (1,146 billion kip) to 1 billion yuan (1,433 billion kip) in the project. The project not only involves a huge investment, but also brings a high starting point for modernisation.