KUCHING: Malaysia’s five regional economic corridors will be competing with other Asean industrial parks in wooing big China investors who are looking for investment opportunities in the region.
The stage for that competition is set at this year’s China-Asean expo (Caexpo) which has come up with more effective investment cooperation programmes for Asean to attract investors from the world’s second largest economy.
Caexpo secretariat vice-secretary general Wang Lei said the inaugural “Invest in Asean: Promotion conference for Asean Industrial Parks” had been specially designed as part of Caexpo 2012 in Nanning, Guangxi Zhuang autonomous region from Sept 21 to 25.
He said the event would feature the first-ever overall image display of Asean industrial parks and investment promotion conferences.
“As Chinese investors are looking for investment opportunities, we are gathering all Asean industrial parks for them (to explore),” Wang told reporters after a Caexpo 2012 roadshow here recently.
He said Malaysia could take advantage of the investment conferences and industrial parks’ exhibition to draw Chinese investors.
The organisers will invite more investors and buyers, including those from Hong Kong, Macau, Taiwan, Japan, South Korea, the United States and Europe to Caexpo 2012.
Malaysia External Trade Development Corp business services and building materials sector franchise unit/China trade and services promotion division director Ong Yew Chee said Malaysia could promote its five regional economic corridors and other industrial parks at Caexpo.
The five are Iskandar Malaysia, Sarawak Corridor for Renewable Energy, East Coast Economic Region, Northern Corridor Economic Regional and Sabah Development Corridor. The International Trade and Industry Ministry is coordinating Malaysia’s investment mission and participation in the Asean Industrial Parks’ promotional conferences and exhibitions. – The Star