The Rubber City being built in Padang Terap, Malaysia is scheduled to open next year and is eyeing investments of between RM5 to 10 billion.
Kedah Menteri Besar Datuk Mukhriz Tun Mahathir said that acquiring land, constructing roads, and providing water and electricity would start early next year.
“The Rubber City project will be implemented in phases and if we were to earn between RM5 billion and RM10 billion in investments in its initial stage, it is a good achievement,” he told Bernama.
The Rubber City will be built on about 1,500 acres of land in Ladang Bukit Ketapang, Padang Terap. Prime Minister Datuk Seri Najib Tun Razak said that about RM320 million from the country’s 2016 budget will be allocated for the Rubber City’s development.
International Trade Industry Minister Datuk Seri Mustapa Mohamad said the Malaysian Investment Development Authority would work with the state government to promote Rubber City to investors.
He said although foreign investors were already aware of the project; they would wait until the infrastructures were ready.