Pahang To Develop RM75 Bln Hybrid Shipyard Complex In Pekan

KUALA LUMPUR, Aug 19 (Bernama) -- The Pahang State Government, through the Pahang State Secretary Incorporated (PSK) in collaboration with Teroka Majubina Holdings Bhd, today signed a lease agreement for the development of the Tanjung Agas Hybrid Shipyard Complex in Pekan, Pahang, with a total investment value of RM75 billion.

Pahang Menteri Besar Datuk Sri Wan Rosdy Wan Ismail said this high-impact project covers an area of 408.92 hectares.

“The project will commence eight months from now, and the complex will be developed in phases, comprising three main components — firstly, Green Vessel Recycling (GVR), serving as a green technology ship recycling centre.

“The second component is the shipbuilding facility, providing ship construction and maintenance services, while the third component is the tank farm oil platform, offering oil and gas storage facilities,” he said to reporters after the signing ceremony held here today.

Wan Rosdy elaborated that this mega development is expected to create up to 25,000 job opportunities for Malaysians, especially the people of Pahang, thereby delivering significant benefits to the state and national economies.

“With the establishment of the hybrid shipyard complex, Pahang will emerge as a regional maritime hub, a green technology ship recycling centre, and a competitive oil and gas hub in the region.

“Furthermore, this project will serve as a key catalyst for the state’s development agenda, aligning with the Pahang First aspiration and the implementation of the Pahang State Economic Master Plan 2025-2030 (PET30),” he said.

He explained that through these two initiatives, Pahang aims to become a resilient, high-income, inclusive state that directly benefits its people.

“I sincerely hope the construction of this project will proceed smoothly and on schedule, making the Tanjung Agas Hybrid Shipyard Complex a new landmark of progress for Pahang,” he added.

The memorandum of agreement (MoA) signing ceremony for the lease was also witnessed by the Tengku Arif Bendahara of Pahang, Tengku Muhammad Iskandar Ri’ayatuddin Shah.

-- BERNAMA