Melaka to focus on attracting investments from China


The most famous road in Malacca, thanks to Jonker Walk which attracts hordes of tourists from all over the world.

MELAKA: The Melaka state government aims to attract investments from China for its tourism, industrial and port sectors.

Chief Minister Adly Zahari said an estimated 17.8 million tourists were expected to visit the state this year, thus creating numerous opportunities for Chinese investors.

“Chinese tourists account for the biggest number of visitors to Melaka, followed by Singapore and Indonesia. So, looking at the vast investment opportunities, I believe that we should make it easier for them to invest,” he told a press conference here, today.

Earlier today, the Chief Minister was visited by 80 Chinese delegates, comprising members of the Malaysia-China Chamber of Commerce (MCCC) and industry players from the country.

According to the MCCC, the number of Chinese visitors had more than doubled over the past five years, from one million recorded in 2012 to 2.2 million visitors last year.

Meanwhile, Adly said the state’s industrial sector had received RM4.65bil worth of investments, RM2.25bil of which were foreign investments.

“The industrial and manufacturing sectors are the backbone of Melaka’s development, accounting for around 43 per cent of the state’s Gross Domestic Product over 15 years, but there are still plenty of investment opportunities for Chinese investors,” he said.

China’s One Belt, One Road initiative could also be a platform for Melaka to attract investments in the state’s port sector, said Adly, adding that the state was focused on the development of three main ports - the Melaka Gateway Port, Tanjung Bruas Port and Kuala Linggi Port.

“Right now our main focus is the tourism sector, to be followed by the industry sector. The ports are in the midst of construction so it will take a bit more time,” he said. - Bernama

 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Proton

   

Next In Business News

Total Dynamic makes debut with 7.5 sen premium on LEAP Market
China's industrial profits swing back to growth in April
Gamuda shares rise 3% on data centre contracts
Focus Point on a growth path in FY24
Ringgit improves against US$ ahead of inflation data
Foreign inflow into domestic market persists at RM474.1mil net
FBM KLCI to see sideways trading ahead of corporate results
Trading ideas: Gamuda, Scientex, Malakoff, MSM, TRC, Silver Ridge, Eurospan, IOI, Maybank, Gas Malaysia, Sports Toto, MMHE
Glass Lewis: Tesla holders should reject Musk’s pay
Resources to be ramped up to build ‘Digital China’

Others Also Read