July 30, 2011

Malaysia promotes NCER as ideal region for aquaculture

With its 700km coastline, diverse marine species and fresh water source, Malaysia's Northern Corridor Economic Region (NCER) is ideal for aquaculture, said the Northern Corridor Implementation Authority's (NCIA) chief executive, Datuk Redza Rafiq.

He also said besides JEFI AquaTech Resources Sdn Bhd, which exchanged documents for its investment in the NCER on July 29, there are three other similar aquaculture projects in the region.

"These are namely in Sg Selingsing with an investment worth MYR150 million (US$50.6 million), Sg Menghulu at MYR15 million (US$5 million) and in Sg Kerang at MYR24.6 million (US$8.3 million)," he added.

JEFI's initiative is set to see an investment of MYR375 million (US$126.6 million) in an integrated shrimp project, with a gross national income impact reaching MYR9.5 billion (US$3.2 billion) by 2020.

It will be the largest investment in the sector thus far in the NCER.