The state government has set aside a 1,200ha site to government-linked company (GLC) and subsidiary of Khazanah Nasional Berhad, Blue Archipelago Berhad, to manage the shrimp farm, according to a report in THe Star.
The aquaculture park is one of the stimulus projects under the Economic Stimulus Package 2009 providing job opportunities to about 1,300 local people and generating about RM130million in income.
The first phase of the aquaculture farm will occupy 400ha of land and the construction of 500 ponds where the production is expected to start by end of next year.
The farm is expected to produce 10,000 to 12,000 tonnes of white-leg shrimp and 5,000 tonnes of black tiger prawns.
The locally harvested shrimps would be exported to global market including Europe, Japan and United States.
Hopes for Shrimp Farm Development
MALAYSIA - The development of a RM200 million Integrated Shrimp Aquaculture Park (I-Sharp) ready for production by 2011 is set to make Terengganu a major global supplier of shrimps, including the favourite premium quality black tiger prawns and white-leg shrimp.
