ECER Malaysia Expects Significant Investment Interest For MCKIP at CAEXPO 2012

The development of MCKIP will mirror that of its sister park, the China-Malaysia Qinzhou Industrial Park (QIP). Both the Malaysian and Chinese governments have been very supportive in ensuring the successful implementation of QIP and MCKIP.

“MCKIP development will also provide a significant boost to the ECER Special Economic Zone (ECER SEZ) which will be the catalyst of economic growth in ECER, and at the same time, create vast entrepreneurship opportunities for local businessmen,” he added.

To be implemented in phases, the MCKIP development will consist of large-and medium-sized industrial lots, including those for Small-and Medium Enterprises (SMEs), commercial and residential developments, including a dedicated business centre.

In this regard, ECERDC will leverage on its participation in CAEXPO 2012 to draw more investments into the East Coast Economic Region of Malaysia (ECER Malaysia), especially from China and ASEAN countries.

MCKIP will be ECERDC’s main focus for CAEXPO 2012, which will be held from September 21 until September 25. To promote MCKIP at CAEXPO 2012, ECERDC’s delegation also includes senior officials from the State Government of Pahang.

The Pahang State Government under the directive of the Chief Minister has already set up a task force in the State Secretary’s office to fast track the implementation of MCKIP, Dato’ Issace said.

“Physical works have already commenced at the Park since early September 2012 and the official ground breaking ceremony is expected to take place by the end of October,” he noted.

At the Federal level, Malaysia’s Ministry of International Trade (MITI) together with ECERDC is working on a special incentives package for investors in MCKIP, in addition to the current ECER incentives package already available to investors, he noted.

Several target industries have already been identified for MCKIP namely, plastic and metal equipment industries, automotive components, fibre cement board, stainless steel products, carbon fibre, electric and electronics, information communication technology (ICT) and renewable energy.

Located in Kuantan within the ECER Special Economic Zone, the 607-hectare MCKIP will help enhance bilateral trade between Malaysia and China. Kuantan was chosen because of its strategic location facing the South China Sea, which is the most direct link to the deepwaterQinzhou port and other ports in Eastern China. Well served by the Kuantan Port, it only takes 3 days of shipping time between Kuantan and Qinzhou. In addition, air travel between the two cities only takes around 3 hours.

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