KUALA LUMPUR: JRG Minerals Sdn Bhd has teamed up with Shandong Huaxin Industry Co Ltd to develop a mixed development project in Kuantan, Pahang for RM15 billion.
Both parties signed a memorandum of understanding (MoU) to develop the project on 2,428 hectares in Bandar Baru Bukit Goh, Kuantan.
The MoU marks a major opportunity to grow a largely untapped part of the state with immense potential to attract investors and generate significant growth.
This may include the largest solar farm, an automotive city, Malaysia electric city, sports city, wholesale hypermarket, Regional Park Universal Studios, Dusun eco concept and Pahang homestay.
JRG chairman Tengku Datuk Abu Nirah is confident that the development will be a catalyst for socio-economic growth in the East Coast region.
JRG is principally involved in mineral resources, mine development and exploration in Malaysia.
JRG is a subsidiary of JRG Capital Sdn Bhd, an affiliate of Truevest Bhd group of companies.
Shandong Huaxin is a China-based enterprise group involved in international trade, education services, energy logistics, real estate and agricultural integration.
"It is our first foray into Malaysia and we look forward to this partnership with JRG Minerals which will complement our expertise. We are excited for this project to take-off as we believe in the tremendous potential of Bukit Goh," said group vice general manager Liu Guodong.