The Cambodian government is actively attracting domestic and foreign investment in cashew nut deep processing. This move not only follows the growth trend of cashew nut exports but also reflects the government's high importance on agricultural development and value-added enhancement.
The Cambodia Cashew Association (CAC) has recently been in contact with investors from China, India, and Singapore regarding the "Cashew Industry Park (CIP)" plan. This plan is a key strategic initiative by the Cambodian government to establish the country as a regional cashew processing and export center.
To promote the CIP project, the government has allocated 400 hectares of land in Kampong Thom Province for park development and plans to officially launch the agricultural processing commercial project by the end of 2025. The Cambodia Cashew Association stated: "The park will attract domestic and foreign investors through a series of incentives, including tax benefits, state-supported infrastructure, full land lease rights (without local shareholders), and long-term reasonable lease periods."
Cambodia Cashew Association Vice Chairman Suy Kokthean revealed to the media that Cambodia is currently the world's second-largest cashew nut producer and is expected to rise to the top position in the short term. He emphasized that with high-quality cashew nuts and government preferential policies, investors will gain significant advantages in expanding their businesses in Cambodia.
It is worth noting that Cambodia's total cashew nut cultivation area has reached 580,000 hectares, ranking third globally. The main production areas include 140,000 hectares in Kampong Thom Province, 100,000 hectares in Kampot Province, and 90,000 hectares in Ratanakiri Province.