SPC expresses intention to invest in food industry in Cambodia

SPC expresses intention to invest in food industry in Cambodia

The Prime Minister of the Kingdom of Cambodia, Dr. Hun Manet, on the morning of March 5, received a courtesy call from Neil Brimacombe, CEO of SPC Group, on the occasion of attending the ASEAN-Australia Special Summit in Melbourne, Australia.

During the meeting, the CEO of the company thanked the premier for taking the time to allow him and his colleagues to pay a courtesy call and discuss work, and respectfully informed the premier that the company is based in Australia and has operations in many countries around the world, including ASEAN.

He added that the company focuses on the agro-industry, specialises in food production and fruit processing, and now has a factory to process fruit products for export to markets in Asia and the world. The company also imports raw materials from a number of countries to support its production line. At the same time, the CEO also expressed his intention to invest in the food industry in Cambodia, which is the specialty of SPC Group.

In response, the Prime Minister welcomed and was pleased to meet with the CEO and highlight the attractiveness of the investment environment, which is realistic, favourable, and flexible, with the Royal Government launching policies, investment laws of the Kingdom of Cambodia, and various incentives for investors and business people, especially in the agricultural sector.

He added that the agricultural sector is a priority, and the Royal Government has set out agricultural development policies, including the use of modern technology, the establishment of mechanisms to support farmers, the establishment of modern farmers’ associations, and improving product quality to strengthen productivity and the quality of agricultural products in the Kingdom of Cambodia.

The premier also highlighted policies to support and encourage investment in agriculture, including tax exemptions on agricultural land, import taxes on agricultural materials, and taxes on agricultural products, as well as guaranteeing electricity prices, building transportation infrastructure, and irrigation systems, which are key factors in reducing production costs to maintain market competitiveness.

In response to the investment intention of the company, the premier welcomed and encouraged the company to visit Cambodia to explore the possibility of finding investment opportunities in Cambodia in collaboration with relevant ministries and institutions. AKP khmertimeskh

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