Ready to invest in halal hub

  • Community
  • Thursday, 03 Apr 2014

JOHOR BARU: Chinese companies have shown strong interest to invest at the Sarawak’s Tanjung Manis Halal Hub (TMHH) by relocating their operation or setting up facilities there.

The Halal Hub Unit of the Chief Minister’s Department director Samat Junai said Chinese investors who visited the site were impressed with the development.

He said feedback from the potential Chinese investors showed that if they were to set up their operations in the hub, they would export the processed halal food products to China.

“TMHH is poised to be the largest halal hub in the world for upstream and downstream halal food production and manufacturing activities,” Samat said.

He said so far the hub had received investments from two Taiwanese companies adding that Japanese and Middle East investors had also shown interest to invest there.

Samat said this at the opening of the Sarawak Bumiputera Entrepreneurs Showcase 2014 at Angsana Mall Johor Baru by assistant minister in the Chief Minister’s Department Datuk Naroden Majais.

He said the 77,000ha hub offered investors tremendous potential and opportunities to capture the increasing demand for halal products from both Muslim and non-Muslim consumers globally.

“The global halal food market is huge estimated at about US$347bil annually catering for almost two billion Muslim consumers worldwide,” said Samat.

He said RM2bil had been invested on infrastructure for the hub including constructing 80km of road network and eight bridges connecting the surrounding area.

Samat said another RM800mil would be invested to supply raw water from Sibu to the hub adding the water supply project was expected to be completed in November 2015.

“The hub will be fully developed by 2030 and by then will create about 15,000 job opportunities for Sarawakians,” he said.

Among the investment and business potential available in the hub include aquaculture, livestock, food processing and palm oil industry and production of halal products would be certified by the Malaysian Department of Islamic Development.

The TMHH has been given accreditation by the Halal Industry Development Corporation (HDC) and investors will enjoy incentives given by the HDC in operating in the halal industry.

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Business , tanjung manis , halal , hub , sarawak , investors


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