Tuesday, April 24, 2012

His Royal Highness the Sultan of Terengganu, Sultan Mizan Zainal Abidin opened the 5th Session of Terengganu State Assembly Seating at the Wisma Darul Iman yesterday. The Sultan were accompanied by his consort, Her Royal Highness the Sultanah of Terengganu, Sultanah Nur Zahirah. Before opening the State Assembly Seating, His Royal Highness inspected the Guard-of-Honour. In his opening speech, the Sultan's addressed that the implementation of Economic Transformation Programme by the Federal Government succeeded in boosting the economy of Terengganu.

The conducive environment enabled Terengganu to generate a Gross Domestic Product (GDP) of 4.5 per cent last year with local investments totalling RM531.98 million, providing employment opportunities to 1,664 people. Foreign investments also mounted to RM1.087 billion and provided employment opportunities to 2,701 people. Four big projects were approved last year, namely, the CJ-Arkema biotechnology project, steel project by Eastern Steel Sdn Bhd, iron pellet project by Perwaja Steel Sdn Bhd and silica project by TRG Industrial Minerals Sdn Bhd. His Royal Highness also added that, the State's economy is expected to grow 4.5 to 5% this year.

picture from Bernama



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