Blue Archipelago Bhd, a subsidiary of state investment arm Khazanah Nasional Bhd, has decided to spend RM 150 million to set up a fully integrated shrimp processing and aquaculture plant in Setiu, Terengganu.

The 1,000ha farm and industrial park facing the South China sea is expected to rake in a revenue of RM100 million a year for the company.

The company claims that upcoming plant will be the country's most advanced shrimp processing facility and will meet international quality and food safety certification and standards.

With the completion of the plant, the company will be able to sell its shrimps directly to buyers and no longer depend on third party processors. The plant is scheduled to be fully operational by June 2010.