China to invest RM3 billion in Kuala Kedah terminal

kift-china

ALOR SETAR: China is looking to build a RM3 billion Kedah Integrated Fishery Terminal (KIFT) in Kuala Kedah for the landing and processing of tuna fish.

The project, said Kedah Executive Councillor for Industry and Investment, Domestic Trade, Consumer Affairs and Cooperatives, and Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT), Ku Abdul Rahman Ku Ismail, obtained the approval from the National Physical Planning Council last year.

The council is under the Ministry of Urban Wellbeing, Housing and Local Government.

“We are expecting to sign the agreement with the investor soon,” said Ku Rahman, adding that the project would boost Kedah’s development once it took off.

He was speaking to reporters after China’s Ambassador to Malaysia, Dr Huang Huikang, paid a courtesy visit on Kedah Menteri Besar, Ahmad Bashah Md Hanipah, here today.

The terminal will be fully-funded by China’s Lu Hai Feng, a private company based in Qingdao, and built on 2,340 hectares along the coastal area from Taman Bersatu up to Kampung Tebengau in Kuala Kedah.

The terminal is set to be the base for tuna fishing boats operating in the Indian Ocean.

Huang said China was optimistic about exploring Kedah’s fishing, tourism, renewable energy and rubber industries to build stronger bilateral trade relations.

“We can integrate our latest technologies with Kedah’s rubber production to build a very advanced rubber industry here.

“As for tourism, we will introduce more Chinese tourists to Langkawi,” he said.