Business

Change in leadership will not affect investments in Kedah

Datuk_Dr_Ku_Abdul_Rahman_Ku_Ismail

Syndicated News
Written by Syndicated News

JITRA, Feb 15 2016 : The change in Kedah’s political leadership will not affect investments in the state, says state Industry and Investment, Domestic Trade, Cooperatives and Consumer Affairs Committee Chairman, Datuk Dr Ku Abdul Rahman Ku Ismail.

He said the choice of Kedah as an investment destination was not based on any one individual, but factors that leave investors confident in the state.

“I am confident that despite the changes in the Kedah state leadership, it will not impact investments due to factors as political stability, consistent policies, skilled workforce, communications expertise and infrastructure facilities,” he added.

He told reporters this after meeting representatives of a Japanese company, Asia Private Partnership, here Monday.

Ku Abdul Rahman said his confidence was well placed with investors for the Kulim High Tech Park (KHTP) wanting to meet him and Kedah Invest as well as the Malaysian Investment Development Authority (MIDA) to discuss the possibility of biggest investments in the state.

“They (investors) accept the leadership change as we are maintaining the approach and plan towards enabling investors to receive good returns on their investments,” he added.

Apart from the Kulim International Airport (KXP), other catalytic projects planned to further enhance Kedah’s economic landscape are the Kedah Aerocity, the Sungai Petani-Kedah Inner Expressway (SPIKE), the Kedah Medical Science City and Kedah Science and Technology Park.

These were tabled as part of the state’s Budget 2015.

Other projects to be implemented are the Rubber City which received an allocation of RM320 million in the Federal Budget 2016, with land acquisition now underway at Ladang Bukit Ketapang.

Kedah is also expected to receive another major project involving German semi-conductor company, Osram, via the construction of a 1 billion Euro LED chip plant.

It will be the largest globally and construction work will start next month.

Meanwhile, construction of the RM3 billion Kedah Integrated Fishery Terminal (KITF) is expected to start in the first quarter of this year.

The KIFT is a joint venture between the Kedah State Development Corp and a Chinese entity, Qingdao Lu Hai Feng Investment Co Ltd (Lu Hai Feng). – Bernama

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