Bernama.com reports that the memorandum of understanding related to the venture was signed at Seri Malaysia Hotel by Terramark chairman Datuk Rosli Sharif and Mentri Besar Azlan Man, witnessed by Deputy Prime Minister Tan Sri Mahyuddin Mohd Yassin.

The integrated green technology project on about 80 hectares of land, the first investment by the state government under Azlan's leadership, is expected to create 700 jobs for local residents.

Infrastructure construction in the Chuping sugarcane growing area will begin next year and be fully completed in five years, Rosli said.

Terramark, set up by parent company Seloga Holdings Bhd on 12 March, will also build a 4 hectare chicken feed factory in Padang Besar, with the maize feedstock to be imported from Cambodia.

Meanwhile, state Domestic Trade, Cooperatives and Consumerism Committee chairman Sabry Ahmad said Terramark has agreed to pay the state government, which holds a ten per cent stake in the poultry project, RM325,500 a year in land premium, land tax and profit contributions from the third to tenth year of operations.