Malaysia will start development of a Malaysia-China industrial park in Kuantan by December 2012



Work on Kuantan Industrial Park to start in December

20 September 2012
New Straits Times
By ROY GOH

NANNING, CHINA: Malaysia will start development of a Malaysia-China industrial park in Kuantan by December this year, Deputy Prime Minister Tan Sri Muhyiddin Yassin said.

The industrial area in Pahang is to reciprocate China’s move to build the Qinzhou Industrial Park, a joint venture project between the two countries.

The Kuantan Industrial Park is expected to attract investment commitments of up to RM7 billion and create 5,000 jobs, Muhyiddin said after meeting the Guangxi Autonomous Region vice Governor Lan Tianli here.

Also present were deputy International Trade and Industry minister Datuk Mukhriz Mahathir, Qinzhou Party Secretary Zhang Xiaoqin and Qinzhou Mayor Xiao Yingzi.

The idea to develop the twin parks was envisioned following a meeting between Malaysian Prime Minister Datuk Seri Najib Razak and his counterpart Wen Jia Bao in Kuala Lumpur last year.

Work at the Qinzhou Industrial Park was officially launched in April this year. The first phase covering about 17 sq km is projected to be completed by 2015 while full completion by 2020.

Thus far five companies have made commitments in Qinzhou with investments estimated at about RM10 billion.

Muhyiddin had also launched the Malaysia Pavilion at the Nanning International Convention and Exhibition Centre (NINEC) where the 9th China-Asean Expo will be held from Sept 21-25.

In the expo coordinated by the Malaysia External Trade Development Corporation (Matrade), a total of 136 exhibitors, 128 companies, six government agencies and two state agencies from Malaysia has taken up 143 booths at NINEC.

Article reference:  New Straits Times

Related Article: First batch of investors in the China-Malaysia Qinzhou Industrial Park have expressed their intention to start with a total investment of 2.5 billion yuan (RM1.2bil)

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