Fish farm project on the table
A Chinese firm and its local partner have floated a proposal for a $100 million aquaculture project in Cambodia that would include fish farms, a feed mill and a fish processing plant. Representatives of China Ocean Fishing Holding Ltd and local holding company Khmer Holding Group Co Ltd held a presentation for Ministry of Agriculture officials this week to present their plans for the commercial aquaculture project. Kaing Kim, deputy director of the ministry’s Fisheries Administration, said on January 19 that a proposed initial investment of $30 million would be used to develop a 200-hectare fish farming operation at a location yet to be decided. An additional $70 million would be sunk into developing a feed mill and fish processing factory on the site, with production of frozen seafood and fish filets to be exported to China.
