ID :
66854
Sat, 06/20/2009 - 20:40
Auther :
Shortlink :
https://oananews.org//node/66854
The shortlink copeid
MALAYSIA TO CONSIDER FREE TRADE ZONE STATUS FOR TANJONG AGAS
PEKAN, June 20 (Bernama) -- The Malaysia government is prepared to consider
granting free trade zone status to the Tanjong Agas Oil and Gas and Maritime
Industrial Park here, Prime Minister Najib Tun Razak said Saturday.
He said the free trade zone status could be considered with the industrial
park to achieve operational level soon and would be based on certain conditions.
"The project is in line with current needs under the country's effort to
increase oil and gas exploration and production activities," he said at the
ground-breaking ceremony of the industrial park in Pekan, which is located on
the banks of the Pahang River 50 km south of east coast state of Pahang's
capital Kuantan.
The ground-breaking ceremony of the project, involving a total area of 1,704
hectares (4,260 acres) and cost of RM2 billion, was officiated by the Ruler n of
Pahang, Sultan Ahmad Shah.
Also present were Crown Prince of Pahang Tengku Abdullah, Tanjong Agas
Supply Base & Marine Services Sdn Bhd's chairman Tengku Muda Pahang, Tengku
Abdul Rahman, and Pahang Chief Minister Adnan Yaakob.
Najib said the project has received good response from foreign and local
investors in locating their operations such as shipyards, fabrication yards,
supply bases and petroleum storage terminals.
"This is a catalystic achievement and will bring changes from the economic
aspect, such as providing 5,000 job opportunities under phase one and 30,000 job
opportunities after 10 years," he said.
Najib said the government supported the project because in addition to
creating jobs, it could also stimulate the services sector and boost related
downstream activities.
The government, he said, had approved an allocation of RM150 million for the
project and would add to it when required.
Najib said the government would always respond to the needs of the
project,
and wanted all departments and agencies to help companies and investors from the
application, approval and incentive aspects so that they could start operations
quickly.
"The project will showcase the government's effort to implement the new
economic model concept, and one of the effects is the growth of the services
sector which we hope to increase its contribution to the gross domestic product
from 54 percent currently to 70 percent," he said.
The industrial park was officially launched by the Ruler of Pahang on Feb
16, 2009, and the project is expected to be completed within five to seven
years.
-- BERNAMA
granting free trade zone status to the Tanjong Agas Oil and Gas and Maritime
Industrial Park here, Prime Minister Najib Tun Razak said Saturday.
He said the free trade zone status could be considered with the industrial
park to achieve operational level soon and would be based on certain conditions.
"The project is in line with current needs under the country's effort to
increase oil and gas exploration and production activities," he said at the
ground-breaking ceremony of the industrial park in Pekan, which is located on
the banks of the Pahang River 50 km south of east coast state of Pahang's
capital Kuantan.
The ground-breaking ceremony of the project, involving a total area of 1,704
hectares (4,260 acres) and cost of RM2 billion, was officiated by the Ruler n of
Pahang, Sultan Ahmad Shah.
Also present were Crown Prince of Pahang Tengku Abdullah, Tanjong Agas
Supply Base & Marine Services Sdn Bhd's chairman Tengku Muda Pahang, Tengku
Abdul Rahman, and Pahang Chief Minister Adnan Yaakob.
Najib said the project has received good response from foreign and local
investors in locating their operations such as shipyards, fabrication yards,
supply bases and petroleum storage terminals.
"This is a catalystic achievement and will bring changes from the economic
aspect, such as providing 5,000 job opportunities under phase one and 30,000 job
opportunities after 10 years," he said.
Najib said the government supported the project because in addition to
creating jobs, it could also stimulate the services sector and boost related
downstream activities.
The government, he said, had approved an allocation of RM150 million for the
project and would add to it when required.
Najib said the government would always respond to the needs of the
project,
and wanted all departments and agencies to help companies and investors from the
application, approval and incentive aspects so that they could start operations
quickly.
"The project will showcase the government's effort to implement the new
economic model concept, and one of the effects is the growth of the services
sector which we hope to increase its contribution to the gross domestic product
from 54 percent currently to 70 percent," he said.
The industrial park was officially launched by the Ruler of Pahang on Feb
16, 2009, and the project is expected to be completed within five to seven
years.
-- BERNAMA
