Pengerang Deepwater Terminal set to attract multibillion-ringgit investment, says Johor MB

  • 📰 staronline
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 75%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

PENGERANG: The future development of Phase 3 of the Pengerang Deepwater Terminal (PDT) is set to attract more refining and petrochemical companies aside from downstream petrochemical manufacturing plants, says Johor Mentri Besar Datuk Hasni Mohammad.

He said the development also has the potential to bring in multibillion-ringgit investment into the state and the country, aside from creating a more value-added economy, skilled workforce and long-term economic activity.

“This led to the forming of the Pengerang Integrated Petroleum Complex that has served the locals and neighbouring communities well through job creation and other indirect economic benefits. Hasni added that to date, approximately 50% of the land in PDT has been developed, with a further 202ha available for future development.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia aims to attract 10 MNCsKUALA LUMPUR: Malaysia is aiming to attract at least another ten multinational companies (MNCs) to set up base and operations here with investments totaling to a minimum of RM1bil. Do we end up with this?
Source: staronline - 🏆 4. / 75 Read more »