Over RM5bil committed investments secured in Pengerang complex’s 2nd phase
PETALING JAYA: Johor Petroleum Development Corp Bhd (JPDC) has secured committed investments of more than RM5 billion in the second phase of its Pengerang Integrated Petroleum Complex (PIPC) amid the post-Covid-19 recovery. As at April 6, committed investments in phase two of PIPC amounted to RM5.05 billion versus JPDC’s 2021 target to attract RM5 billion worth of new investments between 2020 and 2025.
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