Friday

Tanjung Agas park doing well in wooing investors

Monday May 17, 2010


RIYADH: The Tanjung Agas Oil and Gas and Maritime Industrial Park, one of the key projects in the East Coast Economic Region (ECER), is doing well in attracting investors, said Pahang deputy secretary (development) Datuk Mahadiah Mohamad.

Located in Pekan, Pahang, and south of Kuantan Port, she said the park acted as a modern one-stop service centre and offshore base, supporting the region’s upstream and downstream oil and gas exploration and production activities.

Datuk Mahadiah Mohamad

“Most of its maritime base and shipping services are doing well,” she told Bernama here recently.

Mahadiah was among the delegates of the East Coast Economic Region Development Council (ECERDC) who visited West Asia to woo Gulf investors to the development corridor.

Riyadh was the second leg of the mission, led by National Corridor Development Adviser and former prime minister Tun Abdullah Ahmad Badawi.

The other stops were Abu Dhabi in United Arab Emirates (UAE) and Jeddah, Saudi Arabia.

The mission is a joint effort by the Malaysian Industrial Development Authority and Malaysian embassies in the UAE and Saudi Arabia.

ECERDC is acting as a one-stop centre to fast-track applications and approvals and provide counselling and advisory services for investors in the industrial park.

On the mission, Mahadiah said based on the business meetings, investors were keen to invest in ECER.

“We are now working out the mechanism on how to translate it to proper action, which includes project identification and working together.”

There would be more follow-up discussions soon, she said.

Tanjung Agas was chosen to be a maritime industrial hub following its strategic location and naturally-sheltered area to ensure safety of ships during monsoon season.

It was also chosen for the availability of land for the proposed projects, its good transport linkages and multimodel connectivity.

Mahadiah said there were also plans to attract investors to ECER’s tourism sector.

ECER covers Kelantan, Terengganu, Pahang and Mersing, Johor. — Bernama

Source : STAR maritime

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