| Dubai Firm Shows Interest To Invest US$500 Mln In Melaka |
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| Written by webmaster |
| Tuesday, 22 December 2009 05:54 |
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MELAKA, Dec 21 (Bernama) -- A company from Dubai, Golden Crescent Group, has expressed interest to invest US$500 million (about RM1.720 billion) in Melaka, Chief Minister Datuk Seri Mohd Ali Rustam said on Monday.
"They showed interest to invest in the state after seeing the development in Melaka," he told reporters after opening the 34th general representative meeting of 4B Youth Movement in Ayer Keroh.
He said Golden Crescent was interested to invest in fields like hotel, manufacturing, recycling and building a specialist hospital. Representatives from the company -- Dr Abdelrahman Mustafa Abdullah Al Jarrar, Mahomed Akbar Khan dan Dr Khalil A.H. Al Khalil -- met Ali earlier on Monday.
During the meeting, Ali said, he had also suggested the company to invest in animation film in the state. A memorandum of understanding would soon by signed between Chief Minister Incorporated and the company, he added. He said that among other factors that drew the interest of foreign investors to Melaka were the existence of various infrastructures, abundant skilled workforce, political stability and peace.
"They have visited tourist spots, industrial areas, factories producing high-tech products, higher learning institutions, ICT facilities, the Melaka Institute of Biotechnology and many other places. That's why they are interested to invest here," Ali said.
He said Melaka's foreign investment target for next year was RM3 billion while this year's achievement would be known by the end of December.
"Melaka has received a lot of investment in the tourism industry so I think the Malaysian Industrial Development Authority can also consider this as foreign direct investment besides the manufacturing sector," he said. |
| Last Updated on Friday, 15 January 2010 10:03 |