Kuantan’s MCKIP a RM14.5bil testament to China-Malaysia partnership FMTNews FMTBusiness
The Malaysia-China Kuantan Industrial Park has realised RM14.55 billion in investments, while another RM15.45 billion has been committed, says the international trade and industry ministry.
The other companies which have set up shop at the park include lead acid battery manufacturer Camel Power Trading Sdn Bhd, and spun pile manufacturer Industrial Concrete Products Sdn Bhd. More manufacturing facilities are expected to be set up there in the coming years. MCKIP 2 will cover 1,000 acres, and MCKIP 3 will take up 1,300 acres. MCKIP 1 and 2 cater to heavy and medium industries while MCKIP 3 will target logistics hubs, light industries, residential and commercial components.According to the international trade and industry ministry , MCKIP has realised RM14.55 billion in investments, and RM15.45 billion more has been committed. The industrial park is estimated to hit a gross development value of RM45 billion when completed.
MCKIP is a joint venture between a Malaysian consortium led by IJM group and a Chinese consortium led by Guangxi Beibu, a state-owned logistics company.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia prepared to negotiate with China over the South China Sea dispute, says PM AnwarPUTRAJAYA, April 3 — Malaysia is prepared to negotiate with China over the South China Sea dispute, said Prime Minister Datuk Seri Anwar Ibrahim. He said the issue was raised at...
Read more »
Anwar says Malaysia prepared to negotiate with China over South China Sea disputePUTRAJAYA: Malaysia is prepared to negotiate with China over the South China Sea dispute, said Prime Minister Datuk Seri Anwar Ibrahim.
Read more »
Malaysia, China trade group ink deal to stabilise palm oil supply chainBeijing to assist with mechanisation, enhacing sector's technology.
Read more »