KAT RESOURCES TO INVEST RM40 MLN IN AGRO-TOURISM PROJECT

GEORGE TOWN, Sept 14 (Bernama) — KAT Sources Sdn Bhd, a subsidiary of KAE Group Sdn Bhd, will make investments about RM40 million over 5 years to develop the Paya Terubong agro-tourism venture.

KAT Sources chief government officer Teoh Kok Aun stated it can be developed on 165 hectares of state-owned land leased from the Penang Growth Company (PDC).

“We’ll, for a begin, allocate RM20 million for 5 years to give attention to agro improvement and infrastructure works and RM20 million to implement the tourism venture.

“This venture is anticipated to begin after getting native authorities’ approval, and the venture with adjust to the stipulated phrases and circumstances,” he stated after the signing of the letter of settlement for the agro-tourism venture between KAT Sources and PDC, witnessed by Penang Chief Minister Chow Kon Yeow right here as we speak.

Teoh stated the venture shouldn’t be just for the cultivation and provide of meals, but additionally to spur financial development through the agro-tourism sector by the farming of high-yield and high-potential fruits, together with durian variants such because the musang king and black thorn in addition to cempedak.

He added that the venture will generate about 400 job alternatives within the agriculture and tourism sectors.

In the meantime, Chow, who can be the chairman of PDC, stated the land was beforehand illegally cleared for farming, including that about 100 farmers can be relocated.

He stated the venture can be developed in line with the rules of the Agriculture Division, state agro-tourism and different companies, including that the agro-tourism venture will even increase the state’s agriculture and tourism sectors.

— BERNAMA

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