Showing posts with label Qatari investment in Cambodia. Show all posts
Showing posts with label Qatari investment in Cambodia. Show all posts

Thursday, May 08, 2008

Qatar to invest US$200 million in agriculture

Thursday, 08 May 2008
By Soun Sophalmony
The Mekong Times


The State of Qatar has officially declared its intention to invest in Cambodia’s agricultural sector, including US$200 million in rice farmland in Svay Rieng province and a loan for an irrigation system using the Vaiko River.

“Cambodia and Qatar are strengthening their cooperation over agricultural investment in Cambodia,” said Hor Namhong, minister of foreign affairs, at yesterday’s press conference at the ministry. The Qatari government has submitted six agriculture-related documents for signature and a Qatari delegation plans to visit Cambodia Jun 9-12 to discuss technical and commercial collaboration with Cambodia and to conduct further feasibility studies, said the minister.

“Cambodia plans to borrow money from Qatar to construct a canal from Vaiko River, which will link up the three provinces of Svay Rieng, Prey Veng and Kompong Cham,” said Hor Namhong. “The canal will be able to irrigate over 300,000 hectares of land,” he said, adding that Qatar will initially invest around US$200 million in 10,000 hectares of land in Svay Rieng province.

“Firstly, Cambodia is making a study of the canal [to be] dug from Vaiko River – an important water source for rice irrigation,” said Chan Sarun, minister of agriculture, adding that the canal will provide water for the Svay Rieng land which Qatar will invest in. “We will encourage people to start planting rice early, after the study, and they will be able to plant two to three crops a year.”

Cheang Orm, Svay Rieng provincial governor, although as yet unaware of the Qatari investment project, welcomed the project, which he said would help improve living standards in his province.

“This investment could help poor people to increase their rice output,” he said. “Our province already has the [necessary] infrastructure. We have provincial and district agricultural departments, commune and village trainer officers, agricultural information networks and agronomists.”

Yang Saing Koma, president of the Cambodian Center for Study and Development in Agriculture (CEDAC), said, if the investment focuses on upgrading farmers’ capacity in rice production, increasing their incomes, supplying markets and improving agricultural efficiency, then it would be “a good thing.”

Apart from the investment project, the Cambodian and Qatari governments also reached agreements on direct flights from Qatar to Cambodia and also agreed to cooperate on oil and gas exploration. The two governments also announced the beginning of diplomatic relations from Apr 1 this year.

Doha plans to invest $200mn in Cambodia [-Hopefully it won't translate into further land-grabbing]

Thursday, 8 May, 2008
Xinhua

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 Savy Rieng, Prey Veng and Kampong Cham provinces.

Part of the paddy rice there will be sold to Qatar, he added.

Tuesday, April 01, 2008

Cambodia, Qatar sign MOU of direct flight

PHNOM PENH, April 1 (Xinhua) -- Cambodia and Qatar set to sign a Memorandum of Understanding (MOU) of direct flight Tuesday afternoon, a Cambodian senior official said here Tuesday.

Cambodian Foreign Minister Hor Nam Hong made the remarks after Sheikh Hamad bin Jassem bin Jabor Al Thani, Qatar Prime Minister and Minister of Foreign Affairs, arrived at the Phnom Penh International Airport to pay an official visit in the kingdom.

The Qatar Premier's two-day visit is to strengthen the diplomatic relations between the two countries and to bring investments from the gulf-region countries to Cambodia, Hor Nam Hong said.

"We expand the direct flight service with Qatar to attract tourists and investors to our country," Moa Havannal, Secretary ofState for the Secretariat of Cambodian Civil Aviation, told Xinhua.

After signing the MOU, it will have a direct flight from Qatar to the Phnom Penh International Airport for first step, he said, adding that later the flights will be expanded to other airports.

The Qatar Premier will hold a talk with Cambodian Prime Minister Hun Sen and he will also meet with Cambodian King Norodom Sihamoni, a press release from the Cambodian Foreign Ministry said.

Oil high on Qatar prime minister's Cambodian agenda

Tue, 01 Apr 2008
DPA

Phnom Penh - Oil and gas issues were high on Qatar Prime Minister Sheikh Hamad bin Jassem bin Jabor Al Thani's agenda on day one of his two-day official visit to Cambodia, a government spokesman told a press conference Tuesday. The sheikh, who is also Qatar's foreign minister, met with Cambodian Prime Minister Hun Sen and almost immediately inked deals ranging from oil and gas exploration cooperation to direct airline flights, government spokesman Khieu Kanharith told journalists.

After being presented with a gift of Cambodian sandalwood by Hun Sen, the Qatar politician signed an expected deal on direct flights between the Qatari capital of Doha and the Cambodian capital, as well as the northern tourist town of Siem Reap.

The sheikh also answered a call by Cambodia for foreign donors to assist it to prepare for an expected influx of oil and gas revenue from offshore oil reserves predicted to be tapped within three years.

He agreed to assist with training of Cambodians in oil and gas exploration, as well as teaming up with the Cambodian government in the future to increase exploration for oil, gas and minerals.

Cambodia has been described as Asia's new mining frontier and the government is hopeful additional petroleum deposits lie under its massive inland Tonle Sap lake.

"He also negotiated for Qatar to begin farming cotton in Cambodia and agreed to loans for roads and irrigation," Kanharith said.

The leaders also discussed investment protection legislation and a multi-million-dollar donation for a new school just outside of the capital.

The sheikh is scheduled to fly to Siem Reap Wednesday to visit the ancient Angkor Wat temple complex before flying out the same day.