Conversation between Zhang Xiaoqin, Vice Chairman of the People's Government of Guangxi Zhuang Autonomous Region (second from left), and Datuk Seri Jebasingam Issace John, Chief Executive Officer of the East Coast Economic Region Development Council (third from left) when they visiting Kuantan Port.
During this momentous visit to MCKIP and Kuantan Port, H.E. Zhang Xiaoqin announced the commencement of the main piling works for Alliance Steel (M) Sdn. Bhd.s (Alliance Steel) integrated modern steel mill. Alliance Steel has been granted approvals to invest RM5.6 billion (USD1.4 billion) in its facility, and started to carry out land paving and levelling on March. The steel mill is expected to begin operations in late 2017 and will generate more than 3,500 job opportunities.
Piling works for Alliance Steels production plants and rolling mills are scheduled to begin this week and are expected to be completed within 120 working days.
“The ongoing construction, development and expansion of MCKIP are important milestones, as they reinforce investors confidence in the ECER as an attractive investment destination. China has been a close trading partner and investor in the ECER. The increasing number of investments have spurred more infrastructure projects such as the construction of industrial parks, roads and railways”, said YBhg. Datuk Seri Jebasingam Issace John, Chief Executive Officer of the East Coast Economic Region Development Council (ECERDC).
“As Malaysias first industrial park to be accorded with a National Industrial Park status, MCKIP has continued to solidify its position as a competitive and fast-growing investment destination. In response to the encouraging demand, we are pleased that MCKIP will be expanded by another 800 acres, bringing the total land area to 3,060 acres,” said Datuk Seri Issace. “Yesterday, MCKIP sealed two new investments worth RM1.58 billion (USD395 million). The new investors include, LJ Hightech Material Sdn. Bhd., which will invest RM1 billion (USD250 million) in high-technology production-based centre to produce concrete panels for construction industries and activated rubber powder and Guangxi Investment Group Co., Ltd., which will invest RM580 million (USD145 million) on an aluminium component manufacturing facility,” he added.
“Construction works at MCKIP for these projects are expected to begin in phases in the first quarter of 2017, and once completed, more than 3,000 job opportunities will be generated for the benefit of the local communities. With the new ventures, the total investments attracted to date stood at RM15.08 billion (USD3.77 billion).”
Zhang Xiaoqin: Expansion of Kuantan Port is divided into 2 stages
As mentioned by H.E. Zhang Xiaoqin, Kuantan Port is currently being expanded into a deep water port that is capable of handling 52 million freight weight tonnes and vessels of up to 200,000 deadweight tonnage (DWT).
The Vice-Governor of Guangxi Zhuang Autonomous Region of China, H.E. Zhang Xiaoqin led a delegation of investors from China to visit the Malaysia-China Kuantan Industrial Park (MCKIP) and Kuantan Port today, as part of the two-day 2nd Investment Promotion Conference for Malaysia-China “Two Countries, Twin Parks”, which was organised to forge greater bilateral trade and economic relations between the two countries especially in Kuantan and Guangxi. The other attendees including; Mr. Wei Ran, Deputy Secretary General, Peoples Government of Guangxi Zhuang Autonomous Region; Mr. Guan Yueqing, Director General, State-owned Assets Supervision and Administration Commission, Guangxi Zhuang Autonomous Region, YBhg. Datuk Seri Jebasingam Issace John, Chief Executive Officer of the East Coast Economic Region Development Council (ECERDC).