The Kampong Thom Cashew Agro-Industrial Zone will be granted both fiscal and non-fiscal incentives for investors as outlined in the investment law, along with additional special incentives and benefits, said a CDC official. The announcement was made Tuesday during a meeting between Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC), and a delegation of Sinomach Hainan Development Co., Ltd, in Phnom Penh. “The Royal Government, under the leadership of Prime Minister Hun Manet, has placed great emphasis on promoting the development of the cashew industry, with plans to establish a dedicated cashew agro-industrial zone,” he said. “This zone will benefit from both fiscal and non-fiscal incentives, as outlined in the investment law, in addition to other special incentives and benefits.” Vuthy highlighted the cashew industry value chain, which encompasses planting, maintenance, harvesting, storage, drying, and processing into finished products. Cambodia currently requires investment companies that can apply modern technology in the processing phase, he said. Vuthy encouraged companies to make swift decisions about investing in the cashew industry, urging them to collaborate with the government in fully unlocking the potential of cashew production to generate greater local value, particularly in this promising sector. Sinomach Hainan Development Co., Ltd. is a large Chinese state-owned enterprise with interests across various sectors, including agriculture, export/import of agricultural products, fisheries, engineering, energy, and digital systems.