Trade war adds FDI lure to Kuantan

Growing need: The current Kuantan Port has reached its maximum handling capacity, and there is a demand for bigger vessels and higher traffic to support the industrial hinterland around the port.

INTEREST from China’s industries in Malaysia-China Kuantan Industrial Park (MCKIP) has been rekindled following official clarifications on Malaysia’s foreign direct investment (FDI) policy and the escalation of US-China trade war.

Not long ago, Chinese investors turned jittery after Prime Minister Tun Dr Mahathir Mohamad cancelled the RM55bil East Coast Rail Link (ECRL) and two gas pipelines, constructed and financed by China’s state-owned corporations.