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Perak inks RM1.9bil investment deals







Ahmad Faizal (seventh from right) with investors after inking the deal. Also present is Ong (seventh from left). 
— Bernama

Ahmad Faizal (seventh from right) with investors after inking the deal. Also present is Ong (seventh from left). — Bernama

Investperak, the state’s investment promotion agency, has signed investment pacts with five local companies worth about RM1.9bil.

Perak Mentri Besar Ahmad Faizal Azumu said the biggest investment was the RM1.1bil agreement signed with Malayan Flour Mills Bhd to build an agro-food industry manufacturing plant in the state.

“We have also signed an agreement with Top Glove Bhd, that will invest RM100mil to build a glove manufacturing factory in Ipoh.

“InvestPerak will also collaborate with Central Medicare Sdn Bhd to build another glove factory in Changkat Jong, Teluk Intan, with an investment valued at RM600mil,” he said during a networking dinner organised by InvestPerak in Ipoh.

“Another investment is with Smart Paints Manufacturing Sdn Bhd to build a paint manufacturing plant at the Bemban Industrial Area in Batu Gajah, worth RM50mil and with Optotronic Semiconductors Sdn Bhd to build a RM50mil light-emitting diode factory in Kamunting, Taiping,” he added.

In his speech, Ahmad Faizal said they have formed the State Eco-nomic Advisory Council, consisting of Perak’s own eminent persons.

Ahmad Faizal (second from left) witnessing the exchange of documents between the management of Flour Mills Berhad represented by deputy management Teh Wee Chye (left) and InvestPerak Malaysia, who was represented by its chief executive officer Sayed Shariffudin Sayed Shamsuddin (second from right).
Ahmad Faizal (second from left) witnessing the exchange of documents between the management of Flour Mills Berhad represented by deputy management Teh Wee Chye (left) and InvestPerak Malaysia, who was represented by its chief executive officer Sayed Shariffudin Sayed Shamsuddin (second from right).

“State Investment Committee chairman Datuk Seri Mohamad Nizar Jamaluddin has also roped in the state’s Investment, Industrial and Corridor Development Advisory Council to gather the best brains to woo investors to the state,” he said.

Also present during the dinner was Deputy Internatio­nal Trade and Industries Minister Dr Ong Kian Ming.

Earlier at another function, Ahmad Faizal also welcomed a courtesy visit from Norwegian ambassador to Malaysia Gunn Jorid Roset at his office.

He said the state would expand on its collaborations with Norway in joint efforts to breed red tilapia fish at Banding Lake in Gerik.

He said this could include contract-farming for tilapia breeding.

“Perak’s collaborations with Norway in tilapia breeding began in 2008 with investments amounting to RM129mil,” he said.

The breeding is done through a Malaysian-Norwegian joint-venture company, Trapia Malaysia Sdn Bhd.

Meanwhile, Roset said Oslo was keen to work closely with Perak in various fields, namely renewable energy, forestry and green businesses.

“These not only promote sustainability, but also create opportunities for the people in the state (Perak),” he said. – Bernama

Perak

   

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