Zhanjiang Guolian Aquatic Products Co. Ltd. of China will invest RMB 1 billion in an integrated shrimp farm in Marang in a joint venture with Ocean Aquatic Marine (M) Sdn Bhd.
The project covering 1,000 hectares follows his visit to China in October last year and is expected to commence in the middle of this year and create over 1,000 jobs for locals, said Menteri Besar Datuk Seri Ahmad Said.
??“It was finalized yesterday at an exchange of documents of investment commitments in the East Coast Economic Region (ECER) witnessed by Prime Minister Datuk Seri Najib Tun Razak,” he told reporters after chairing a state executive counselors meeting here Wednesday.
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