Msia, China to sign MCKIP pacts in Oct
BEIJING: Malaysia and China are expected to sign a couple of construction agreements on the Malaysia-China Kuantan Industrial Park (MCKIP) in Kuantan in October, said Deputy Director-General of the Ministry of Commerce Liang Wentao.
"According to Guangxi (Government of Guangxi Zhuang Autonomous Region), they have agreed to sign a couple of agreements on the MCKIP next month, in Kuantan," he said, adding the latter has invested in a steel mill plant in Kuantan.
Next month, some major investment projects in Kuantan, including the steel mill plant, will also be signed between both countries, Liang told visiting journalists from Southeast Asia here on Monday.
He added that the signing of the agreements would safeguard the future of the industrial park.
Liang cited the Guangxi government as saying the investment has already started, and with the completion and upgrading of the industrial park, he believed more and more Chinese investors would invest in Malaysia.
He also encouraged entrepreneurs from other countries to invest in both the MCKIP and Qinzhou Industrial Park, a joint venture project between China and Malaysia.
The MCKIP was jointly launched by Malaysian Prime Minister Datuk Seri Najib Tun Razak and Chairman of the Chinese People's Political Consultative Conference of the People's Republic of China, Jia Qinglinhe, on Feb 5 this year.
The MCKIP targets investments in high-end industries by investors from Malaysia, China and international players from Asean and the rest of the world. -- Bernama