Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Norwegian firm plans to build $24M fish farm

Norwegian firm plans to build $24M fish farm

Norwegian firm Vitamar AS Co plans to invest $24 million into a large-scale marine fish farm in Cambodia’s Preah Sihanouk province, state news agency AKP reported yesterday.

The agency said $11 million of the total investment would be used within the next two years for infrastructure, including construction of a coastal facility and egg-hatching site, as well as staff training.

Another $9 million would be used during the following three years to increase fish production from 1,000 to 2,500 tonnes annually, and to expand distribution and exports.

The remaining $4 million would then be used to achieve a goal of producing some 3,000 tonnes of fish a year and for market expansion.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".