A South American multinational corporation is investing a whopping RM9bn in an iron ore distribution centre for Asia at Manjung, Perak in Malaysia.
Perak Mentri Besar Datuk Seri Dr Zambry Abd Kadir said the project was already in its final stages of discussion and could possibly be one of the state’s biggest investments to date.
“We estimate to sign the agreement some time next week,” he said after meeting with the company’s representatives in his office here yesterday.
He said the centre, where imported iron ore would be processed into pellets, would be the company’s second largest distribution centre after its base in South America.
Dr Zambry said the company would inject a further RM5.6bil in the next two phases.
He said the company chose Perak because they saw it as the gateway to Asia and the state’s ports and direct access to international waters.
A 526ha site in Manjung had been earmarked for the project, with the built-up portion occupying a third of the area and the rest acting as a buffer zone, he added.
He also gave his assurance that the project would not cause any negative impact to the environment.
Source: The Star, Malaysia
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