Kelantan records RM3.1b investments from 2013-2017

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the total investments in Kelantan were lower than that of other states as investors were facing difficulties in terms of infrastructure facilities such as unsatisfactory water supply and quality. — Reuters pic
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the total investments in Kelantan were lower than that of other states as investors were facing difficulties in terms of infrastructure facilities such as unsatisfactory water supply and quality. — Reuters pic

KOTA BARU, Feb 4 — Kelantan recorded investments totalling RM3.1 billion from 2013 until last year, with the highest registered in 2014 at RM1.24 billion, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

He said the highest investment came from cement manufacturing projects in Chiku, Gua Musang, while the lowest investment recorded was last year at RM4.2 million which was related to small industry and enterprise ventures.

The total investments approved in Kelantan in 2013 were RM995 million, 2015 (RM353 million) and 2016 (RM514 million), he added.

“However, during the five-year period under review, only RM58 million became a reality due to several problems, including the failure of three companies to start their cement manufacturing projects,” he said.

He was speaking to reporters after witnessing the signing of a joint-venture agreement between A-Bio Sdn Bhd and Ain Medicare Sdn Bhd at the Pengkalan Chepa Industrial Estate here today.

Mustapa said the total investments in Kelantan were lower than that of other states as investors were facing difficulties in terms of infrastructure facilities such as unsatisfactory water supply and quality.

“We need to find a better way to increase the investment volume in the state and at the same time, I hope the relevant parties will take note of the problems faced by industry players,” he said.

At the event, the agreement was signed between A-Bio Chairman Tan Sri Ahmad Ramli Mohd Nor and Ain Medicare Chairman Datuk Wan Ariff Wan Hamzah.

Under the agreement, A-Bio, a strategic investment company under the Malaysian Industry Government Group for High Technology (MIGHT), will make a strategic investment of RM20 million in Ain Medicare to further enhance its competitiveness in the medical biotechnology industry, especially for the production of high value-added bio-pharmaceutical products.

A-Bio, which was set up to support the national economic mandate under the Economic Planning Unit, is investing in companies involved in three major sectors, namely bio and biotechnology, emerging technology, and green technology industries. — Bernama

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