PHNOM PENH: Cambodia presents a compelling opportunity for agrifood investment. Located at the heart of Southeast Asia, the country enjoys preferential free trade access to some of the world’s fastest-growing economies.
Over recent decades, Cambodia has positioned itself as a high-growth economy, attracting investors from around the globe. In particular, the agricultural sector has recorded sensational results, with increases of up to 6500% in export volume (dried fruit), and increases of up to 160% in production volume (mango) between 2017 and 2022, according to the Council for Development of Cambodia on their website.
This, coupled with a reliable and consistent supply of high-quality fruits, vegetables, nuts, spices, and other agricultural products, provides a solid foundation for successful agrifood projects.
Cambodia’s thriving economy, characterized by affordable labor costs, a young workforce, and rapid growth, positions the country as a central player in the dynamic ASEAN region. Furthermore, the government’s supportive investment climate, including 100% foreign ownership for companies in the agrifood sector, creates a favorable environment for businesses.
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Cambodia’s agricultural landscape is particularly promising in several key areas. As the third-largest cashew producer in ASEAN, the country is well-positioned to capitalize on the increasing global demand for organic and fair-trade cashews, particularly in major markets like the EU and the US.
Similarly, Cambodia’s status as the third-largest rice exporter in ASEAN underscores its potential in this sector. With a strong export track record even during the pandemic, the country offers investors the chance to tap into lucrative markets such as China, France, Gabon, Malaysia, and the Netherlands.
Finally, Cambodia’s renowned Kampot pepper, considered one of the world’s finest, presents a unique investment opportunity. By investing in pepper processing facilities, businesses can leverage the premium reputation of Kampot pepper to access lucrative export markets.
These factors collectively make Cambodia an attractive proposition for agrifood investors seeking to capitalize on the region’s dynamic growth and the global demand for high-quality, sustainable food products.