Perak targeting RM2bil in investments in second half, says Nizar

  • Nation
  • Wednesday, 06 Nov 2019

IPOH: The Perak government is hoping to gain at least RM2bil's worth of investment in the third and fourth quarter of 2019, says Datuk Seri Mohammad Nizar Jamaluddin.

The state's Investment, Industrial and Regional Development Committee chairman said he was positive that the target was achievable.

“Based on the report we received from the Malaysian Investment Development Authority and InvestPerak, we have recorded a whopping RM1.7bil investment from January to June this year, comprising 22 projects.

“RM762.1mil was from the plastic products manufacturing industry, followed by electric and electronic manufacturing at RM506.3mil," he told reporters at the state secretarial building Wednesday (Nov 6).

"Both sectors offered about 556 and 477 job opportunities respectively, ” he added.

Nizar said the rubber production and vehicle spare parts manufacturing industries also contributed RM201.9mil and RM187.9mil respectively, with about 827 job opportunities created.

“The growth is also attributed to the higher demand for the manufacturing of plastic products in Malaysia and the introduction of 5G technologies.

“More foreign companies are expanding their operations in Perak, such as Murata Electronic (M) Sdn Bhd which has invested about RM460mil to build new facilities and therefore opening up more job opportunities for Perakians, ” he said.

Nizar said for 2020, the state was expecting better growth in investment due to the state’s proactive approach in rebuilding the Perak Hi-Tech Industrial Park in Kanthan near here.

“And with the on-going trade war between China and the United States, we will take this opportunities to invite more foreign companies to come and expand their operation in Perak, ” he said.

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