MALAYSIAN investors in South Australia are helping to promote the many advantages of doing business there, according to South Australia Industry, Trade and Mineral Resources Development Minister Paul Holloway.
He said several Malaysian companies had direct investments in his country’s property, hotel, construction and manufacturing sectors.
Holloway said investors in South Australia had access to world-class industrial parks and that industrial land was close to infrastructure and services, highly skilled workforce and top information and communications technology, defence and manufacturing capacities.
“The competitive alternatives survey conducted by leading financial advisory firm KPMG credited South Australia early this year as being the most cost-competitive place to do business in Australia. The survey also placed Adelaide 10th in the world rankings,” he added at the opening of the inaugural Adelaide Australia Fair in Kuching on Sunday.
A seminar and exhibition on education, health, tourism and trade were also held.
Holloway said Malaysia was South Australia’s 8th largest export market and 11th largest source of imports, with bilateral trade of more than A$370mil in 2003/2004.
Holloway said he visited Kuala Lumpur recently to examine opportunities for Malaysia to access South Australia’s world-class medical services and facilities.
He said its telemedicine technology, for example, could be used to link specialist physicians in Adelaide to healthcare providers in remote areas throughout Malaysia, either in the treatment of patients or to complement training.
“This, coupled with the implementation of hands-on training of Malaysia's health professionals within South Australian public hospitals, will build on previous collaborative programmes between our two health systems.”
On education, he said Malaysia was the second largest country of origin for overseas students in South Australia, with some 1,800 Malaysians enrolled last year. On tourism the South Australian Tourism Plan (2003-2008) had identified Malaysia as a priority market, adding that it received more than 11,900 Malaysians last year, he added.