ECONOMIC SPUR: Project with US seafood giant to generate RM3b annual revenue, create 12,000 jobs
KOTA KINABALU: SABAH is set to become a major lobster producer when a RM2 billion Integrated Lobster Aquaculture Park (iLAP) deal takes off at Pulau Timbun Mata in Semporna.
Yayasan Sabah, through its subsidiary Inno Fisheries Sdn Bhd, will sign the deal to set up the world's first iLAP with Darden Aquafarm, a subsidiary of Darden Inc, in Kuala Lumpur on Monday. Darden is the owner of Red Lobster and other seafood restaurant chains in the United States with 2,000 outlets and 180,000 employees.
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| Datuk Seri Musa Aman |
Chief Minister Datuk Seri Musa Aman said the project would cover 9,300ha of land, comprising 6,000ha for tropical lobster production, 700ha for a research and development, training and demonstration farm, and 2,600ha for mussel (feed) production.
"This project includes hatching, production, feeding and processing, and it will be part of a 15,000ha area to be gazetted as a Lobster Aquaculture Zone, regulated by the Sabah Fisheries Department," he said after meeting Darden Aquafarm Inc president Bill Herzig at Sri Gaya near here yesterday.
Musa, who is also Sabah finance minister, said the iLAP would comprise the core entity, small-and-medium enterprises and contract farming. Upon its completion in 2020, he said the farm could generate RM3 billion in annual revenue and provide 12,000 jobs. It would also encourage participation from locals as contract farmers or as entrepreneurs through a buy-back scheme.
the state government must ensure that the players in the project must work closely with the locals to ensure that everyone involved would benefit..
ReplyDeleteI agree with you. Bu ti think the state government will do whatever it can to make sure everyone work closely, especially the locals who will get most of the benefits...
DeleteSabahan should grab this opportunity as this kind of marine business is able to bring a bright future of economy for those who involve in it as what has been proved by the people in our neighbor country..
ReplyDeleteThis is an opportunity that the people should capitalize...the government already give the opportunity, its only a matter how does Sabahan capitalize it...
DeleteWhat a good idea to attract or open for foreign investment in a way...
ReplyDeleteHelp the people of Sabah by providing the employment opportunity and know how..
A far sighted CM..
Coming from a business minded family, Musa is indeed a far sighted Cm, especially when it comes to economy...
Deletemoga projek ini akan berjaya dan dpt menarik lebih ramai pelabur.
ReplyDeleteHopefully the industry can boost Sabah economy
ReplyDeleteProjek Lobster untuk Sabah. Memang satu projek yang baik tambahan lagi lobster adalah makanan yang diminati dan antara makanan yang mahal. Semoga projek ini akan dapat diusahakan sebaiknya.
ReplyDeleteWhat a positive sign! Not only will boost the economy, but also will provide more jobs.
ReplyDeleteYes, that is the most important. Job for the locals can uplift the local economy, minimizing the number of hardcore poor & unemployment among sabahan...
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