Five companies that are among the first batch of investors in the China-Malaysia Qinzhou Industrial Park in southern China have expressed their intention to start with a total investment of 2.5 billion yuan (Bt12.2 billion).
Malaysian Deputy Prime Minister Muhyiddin Yassin said he gathered this from a briefing by representatives and officials from the industrial park and Qinzhou city government in Guangxi yesterday.
"I was informed that the companies would increase their investments up to 10 billion yuan in future. This will be a good start to the project," he said during his official visit to China. "They also told me that they received good support from both the Chinese central and provincial governments in terms of logistics and incentives, which will make the industrial park even more attractive."
The industrial park with a total area of 55 square kilometres in Guangxi Zhuang autonomous region will be developed by Qinzhou Development (Malaysia) Consortium and Qinzhou Jingu Investment Co under a 49:51 share arrangement.
The Malaysian consortium is led by Rimbunan Hijau Group and SP Setia Group.
The park is the first government-to-government initiative between China and Malaysia. It is the third such industrial-park project that China has entered with a foreign country after the China-Singapore Suzhou Industrial Park and China-Singapore Tianjin Eco-City.
Besides the Guangxi park, the Malaysia-China Kuantan Industrial Park (KIP) in Pahang state, Malaysia, will be developed as a sister facility to enhance bilateral trade relations and investments.
Muhyiddin said both the federal and Pahang governments would speed up the signing of the memorandum of the joint venture between the stakeholders in the KIP for its launch by the middle of December.
Latest stories in this category
- Don Mueang passes AOT readiness test
- Don Mueang Airport is 95 per cent ready to serve..
- Rice sellers query govt's output forecast
- Five corporates show interest in new..
We Recommend
- PM pressures BMA for answers
- Effectiveness of giant drainage tunnels questioned
- Police, Democrat supporters in clash
- Somsak considers ending Europe junket early
Comments conditions
Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.
Source: http://www.news.thethailandlinks.com/2012/09/22/five-corporates-show-interest-in-new-china-malaysia-industrial-park-in-guangxi/
0 comments:
Post a Comment