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UAE mulls Cambodia investment for rice and halal production

03-Oct-2012

Sheikha Lubna with Cham Prasidh, Cambodia's minister of commerce
Sheikha Lubna with Cham Prasidh, Cambodia's minister of commerce

On a visit to Cambodia, the UAE minister for foreign trade revealed that her government was considering pumping money into halal food production and rice milling in the Southeast Asian country.

Speaking in a meeting with Cambodian prime minister Hun Sen, Sheikha Lubna Bint Khalid Al Qasim, one of the most senior figures in the UAE government, said the purpose of her visit was to seek Cambodia's potential for investment.

The UAE, she said, would now work on specific plans that would serve to achieve more halal food products into the country. The delegation will return to Cambodia next May with an investment roadmap.

Trade volume between the UAE and Cambodia stood at US$89 million last year, an increase of 121% over the previous year.

While giving his full support for Dubai's investment plans, Hun Sen expressed the belief that the trade volume would be growing fast in the future with continuous improvements in bilateral relations.

The premier said that Cambodia is rich in raw materials for halal food production, and such a project would create jobs for the Muslim community in the country.

He added that the country produced some 8.25 million tons of paddy rice last year, although Cambodia is still short of sophisticated post-harvesting technologies to process it for exports.

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