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Saturday, October 22, 2011

Malaysia’s biggest development projects in China

NANNING: The China Malaysia Industrial Park in Qinzhou, Guangxi Zhuang Autonomous Region, will become Malaysia’s biggest development projects in China with a total area of 55 sq km.

Leaders from both countries have agreed to turn the industrial park, near a deepwater sea port at the southern tip of Guangxi, into the iconic project for Sino-Asean cooperation.

Prime Minister Datuk Seri Najib Tun Razak said the project had great potential as the park was located strategically close to the Asean market and north of Hainan Island, which is earmarked as China’s latest recreational resort.

Najib said the initial stage of the development had already started and he hoped that the parties involved would finalise their plans and launch the project as soon as possible.

Chinese Premier Wen Jiabao said the project would be the first industrial park joint venture between China and its Malaysian counterpart in the western region of China.

Najib and Wen witnessed the signing of the agreed minutes on the industrial park during Najib’s one-day working visit to Nanning for the 8th China-Asean Expo and China-Asean Business and Investment Summit.

Meanwhile, Najib announced the appointment of Malaysia China Business Council joint-chairman Tan Sri Ong Ka Ting as prime minister’s special envoy to China.

By The Star

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