FDI boost for Johor’s oil and gas hub

  • Nation
  • Sunday, 07 Feb 2010

PASIR GUDANG: The state government’s plan to develop southeast Johor as the new regional hub for oil and gas is getting a boost in the form of a RM46bil foreign direct investment.

Mentri Besar Datuk Abdul Ghani Othman said a 1,200ha site in Teluk Rumania and Pengerang had been identified to be transformed into the hub by 2013.

The hub will have activities such as processing, refining, storage, fabrication, bunkering, shipyard and marine-related industries.

He said two companies from Qatar and Iran planned to invest RM16bil and RM30bil, respectively, to set up operations in the area and were expected to install facilities there before 2013.

“They have submitted their applications to the Federal Government and the Malaysian Industrial Development Authority. We are seriously looking into it,” Ghani told reporters after the opening of the RM250mil plant by EEW Malaysia Sdn Bhd at Tanjung Langsat industrial park here yesterday.

Ghani said the Qatari and Iranian companies were involved in mid-stream activities in oil and gas. Each investment was expected to create between 600 and 1,200 job opportunities, he added.

Ghani said the Johor State Investment Centre was close to clinching an additional RM5bil in foreign direct investment in the sector.

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