China-Malaysia JV plans large shrimp farm
News 23/01/2018 - Nguyễn Trí Tín
The Malaysian archipelago Langkawi is set to become a major producer of vannamei shrimp through a Sino-Malaysian aquaculture joint venture, reports Bernama.com.
Malaysian firm Koperasi Pelaburan Pembangunan Hartanah Perak Berhad (KPPH) and China's Fubao Group signed a memorandum of understanding on technology, and a marketing partnership on the project on Saturday (Jan. 20).
The shrimp farm has been earmarked for a 250-acre (101.17 hectare) site near the town of Bukit Malut, Langkawi; land which was made available by the Malaysian Fisheries Development Authority. The project is expected to generate annual revenue of about MYR 1.5 billion ($380.6 million) in its third year after implementation.
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