ECER Malaysia Expects Significant Investment Interest For MCKIP at CAEXPO 2012

 NANNING, China, Sept.21, 2012/Bernama-AsiaNet/Deputy Prime Minister of Malaysia, The Right Honourable Tan Sri Muhyiddin Yassin today officially opened the East Coast Economic Region (ECER)’s Malaysia-China Kuantan Industrial Park (MCKIP)exhibition booth at the 9th China-ASEAN Expo (CAEXPO) 2012 here in Nanning, as the industrial park made its “formal” introduction to international investors.

Also present at the officiating ceremony were Malaysia’s Prime Minister’s Special Envoy to China, The Honourable Tan Sri Ong Ka Ting, the East Coast Economic Region Development Council (ECERDC) Chief Executive Officer, Dato’ Jebasingam Issace John, as well as senior officials from the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), the Pahang State Government, SP Setia Berhad and Rimbunan Hijau Group.

“Our participation in CAEXPO 2012 provides an excellent platform for investors, not only from China but also from ASEAN countries, to understand the potential that are available in MCKIP,” said ECERDC’s Dato’ Issace in a statement here today.

“By establishing their presence at MCKIP, international and local investors now have the opportunity to gain access to the ASEAN and Asia Pacific markets, which have a combined population of around 4 billion and Gross Domestic Product (GDP) of US$17 trillion,” he noted.

Located in the state of Pahang, MCKIP is expected to attract nearly RM7 billion investments and create 5,500 new jobs for the local populace upon the completion of its whole development by 2020.

Investments in MCKIP are expected to come from domestic, Chinese and other leading international players, particularly from the ASEAN region.

“Prior to our participation in CAEXPO 2012, MCKIP has already drawn sizeable interest from investors from Malaysia and China. As such, we are confident that our presence here at this expo will further position MCKIP as a leading industrial park in ASEAN,” Dato’ Issace noted.

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