NAJIB WITNESSES RM750 MIL WORTH OF MOUs SIGNED FOR ECER

16 Jul 2013 07:54

PUTRAJAYA, July 16 (Bernama) -â€" Prime Minister Datuk Seri Najib Tun Razak today witnessed the signing of memorandums of understanding (MoUs) between the East Coast Economic Region Development Council and 10 investors in the East Coast Economic Region (ECER) involving total investments of nearly RM750 million.

The investors are Felda and MMC Hassed Co Ltd which are investing RM120 million in the agriculture sector, Tropical Consolidated Corporation Sdn Bhd (RM50 milion) and FPM Sdn Bhd (RM111 million), both in manufacturing, Educrest Sdn Bhd (RM108 million) in education and Pahang Technology Resources Sdn Bhd (RM250 million) in halal manufacturing.

Another five investment commitments by five investors who are recipients of the Teraju ECER-Facilitation Fund, namely Komitment Mantap Sdn Bhd (RM50 million), RD Paper Sdn Bhd (RM26 million) and Tok Bali Dockyard and Engineering Sdn Bhd (RM5 milion) all three in manufacturing, Ganu DotCom Sdn Bhd (RM17 million) in tourism and Heritage Farm (M) Sdn Bhd (RM7 million) in arigculture.

Also present were Pahang Menteri Besar Datuk Seri Adnan Yaakob, Johor Menteri Besar Datuk Seri Khaled Nordin, Kelantan Menteri Besar Datuk Ahmad Yakob, Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar and ECER Development Council Chief Executive Officer Datuk Jebasingam Isaace John.

The RM120 million joint venture between Felda Investment Corporation and MMC Hassed Co Ltd of South Korea will see the development of sturgeon fish farm in Pahang which will create a huge economic impact for 1,300 Felda settlers and their families.

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