KUALA TERENGGANU, May 11 — The Terengganu state government will hold a special briefing with Prime Minister Datuk Seri Najib Razak sometime this month, to expedite the establishment of a Special Economic Zone (SEZ).
Mentri Besar Ahmad Razif Abdul Rahman said the establishment of SEZ, which includes Kuala Terengganu, Kuala Nerus, Hulu Terengganu and part of Setiu district, was a must to pave the way for 20 development projects that were earmarked to take off this year.
“We want to gazette 729,400 hectares of land under the SEZ as 70 per cent of the 71 projects that we have planned under the Economic Transformation Plan will take place in these areas.
“These projects with an investment value of RM15.1 billion, will provide 41,201 jobs for Terengganu folks for the next four years,” he told Bernama here recently.
The 71 projects were planned by a team of economic experts, led by the Terengganu Economic Council, as part of the state goverment’s effort to spur the economy.
Ahmad Razif said Terengganu was expected to see an eight per cent increase in its Gross Domestic Product if the projects were successfully implemented by 2020.
He was also optimistic that all the projects could be carried out within the stipulated time.
“These projects have been planned in such a way that it does not require too much financial commitment from the state government.
“The government only has to provide the infrastructure and 30 per cent of land assets,” said Ahmad Razif.
He said several projects had already begun including the construction of the maintenance, repair & overhaul complex and air cargo hub in Kuala Terengganu; Nitrile Butadine Rubber Gloves manufacturing in Kemaman and the municipal solid waste management project in Kuala Terengganu.
“Another project, the construction of Business Development and Logistics Centre costing RM275 million, will begin in June and was expected to create 1,000 jobs,” he added. — Bernama