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Saturday, May 23, 2009

'Expo city' will make Iskandar trading hub

ISKANDAR Malaysia in Johor is set to become a major trading hub in the region for manufacturers and buyers once a permanent one-stop exposition, trade and distribution centre near Pasir Gudang is completed in five to seven years.

Called the "Asia Pacific Trade and Expo City" (APTEC), it is located within the RM6.6 billion township of Lakehill Resort City, which is being developed by Malaysia Pacific Corp Bhd (MPCB).

Once completed, APTEC will have a built-up gross floor area of about 4 million sq ft, occupying a land area of 9.4ha.

MPCB president and chief executive officer Datuk Bill Ch'ng said APTEC would become a centre for manufacturers of all sizes to showcase their products to international buyers.
"Buyers will come to the hub just like in a department store. These buyers will be retailers and wholesalers.

"The hub will be the centre to supply goods for the regional market, and allow buyers from all over the world to source their products here," said Ch'ng after attending the launch of the Iskandar Malaysia Open Day in Johor yesterday.

Manufacturers who set up their base in APTEC will promote their products to buyers from Southeast Asia, India, Japan, South Korea, Taiwan and the Middle East.

Ch'ng said potential manufacturers at APTEC would be selected based on the potential of their products or services.

They include manufacturers of goods such as electronics, fashion, home appliances and foodstuff.

Investors and traders will also find accommodation and recreation at the Lakehill Resort City to complement their business dealings.

Other attractions in the development include a six-star lakeside resort, factory outlet stores, a heritage and cultural village, a thematic restaurant located on top of a rock formation and other international bistros and cafes.

By Business Times (by Ahmad Fairuz Othman)

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