SOME 250 investors from the three of the biggest cities in Europe are planning on investing RM5 billion in several sectors of the country in the near future. Minister of International Trade and Industry Datuk Mustapa Mohamed said investors from Frankfurt, Milan and London have indicated their wish to invest in Malaysia during a meeting with the Malaysian trade delegation led by him last week.

Following a briefing on the progress of Kulim Hitech Park (KHTP) in Kulim today, Mustapa said the investors from Frankfurt were looking at an investment of RM2.2 billion in the manufacturing and chemical sectors while investors from Milan planned to invest RM1.77 billion in the engineering sector. Investors from London meanwhile are planning to invest RM1.1 billion in the services sector.

Mustapa also disclosed that in June several trade missions were being lined up to attract investors from China, Korea and Japan, while a trade delegation will be also visiting Australia in August. He also hoped these trade delegations overseas will be able to bring in more investors to the country and achieve a higher investment amount than the RM62.8 billion registered last year.

On the Kulim Hitech Park meanwhile, he said its progress was commendable having become a premier industrial zone in the country and attracting 21 foreign investors as well as local investors. He said there were plans to get more investors particularly foreign investors to invest in the park as it offered the best facilities for various sectors.

Source: Business Times Online