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Economic Land Concession

 


Company Profile

Company Identity

 

Name:

Mong Reththy Investment Oil Palm Cambodia Co., Ltd.

 

Nature:

Local Company

 

Address of Local Office:

# 130, Preah Sihanouk Blvd, Sangkat Boeng Keng Kang I, Khan Chamkamorn, Phnom Penh, Cambodia

 

Name and Nationality of Director:

Mr. Mong Reththy, Khmer

 

Company Registration:

Registered

 

Legal Papers and Right for Investment

 

 

  • Letter No. 238/95 KVK dated 25 March 1995, Council for the Development of Cambodia, on proposal for investment on agriculture of oil palms plantation.
  • Letter No. 1692 SCN.KS dated 24 November 1995, Council of Minister, on approval for providing land concession 11,000 hectares located in Taney Village, Choeng Ko Commune, Prey Nup District, Sihanoukville Municipality to  Mong Reththy company.
  • Letter No. 01 SBT dated 09 January 1996, Royal Government of Cambodia.
  • Signed contract with Ministry of Agriculture, Forestry and Fisheries on 09 January 1995.

 

Land Area

 

 

11,000 hectares

 

Location of Land Site

 

 

Prey Nup District, Sihanoukville Municipality

 

Coordinates

 

 

NA

 

Purpose of Investment

 

 

Oil palms

 

Duration of Contract

 

 

70 years (Seventy Year)

 

Land Utilization Plan

 

 

NA

 

Progress of Implementation after Signing Contract

 

  • 1997-2004, planted palm oil on 4,906 hectares on plan 11,000 hectares.

 

  • 2005, planted 800 hectares on plan 1,800 hectares.

 

  • 2002, processing factory start operate with capacity 5-10 tons/1 hour

 

  • Constructed infrastructure in farm.

 

  • Start animal husbandry

 

  • Technical working group from SLC secretariat negotiated for cutting land area to 10,000 hectares on March 2007.

 

 

 

Measures of Ministry of Agriculture, Forestry and Fisheries

 

  • Push company to pay deposit.

 

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