Promas to develop agriculture project in Negeri Sembilan

KUALA LUMPUR: Malaysia Promas International Business Society will develop an agriculture project in Johol, Negeri Sembilan, beginning May with an investment worth RM20 million.

President Datuk Chong Chong Tik said the project was under a joint-venture with the Undang Luak Johol Datuk Johan Pahlawan Lela Perkasa Setiawan Muhammad Abdullah and both parties intended to establish a company for this purpose.

The project spanned 404.69 hectares of land in the constituent and would be developed over 10 years, he added.

Chong noted that a manufacturing plant would also be set up to cater for the project.

“The bulk of the investments will come from Promas. The agriculture products such as fruits including durian and health supplement crops will be exported to the international market,” he told reporters after the signing of memorandum of understanding between Promas and Muhammad yesterday.

Promas consists of 150 local manufacturing companies.

Earlier, Chong was appointed as Pioneer President for the Malaysian branch of Silk Road International Exchange Association (SRIEA), while Muhammad has been appointed as the Chairman of Central Committee.

The appointments were witnessed by SRIEA Finance Administrator, Li Peng.

SRIEA is a Hong Kong-based association and established by several big Chinese corporates in response to the Belt and Road initiative.

It has several branches including in China, the United States, United Kingdom, Australia and South Korea. — Bernama