KUALA LUMPUR: China has invested RM15 billion in 142 projects in Malaysia since 2010, generating 28,598 jobs, said Deputy Trade and Industry Minister Ahmad Maslan.
He told lawmakers in the Dewan Rakyat today that the biggest Foreign Direct Investment (FDI) was in the metal industry, worth RM7.9 billion, followed by the electrical and electronics sector (RM5 billion), mineral sector (RM724.6 million), textile industry (RM552 million) and transport industry (RM158.5 million).
Ahmad said the Chinese companies involved in projects here were Ye Chiu Non-Ferrous Metal, Comtec Solar International, Jinko Solar Technology, Ji Kang Dimensi, Xiamen University, Huawei Technologies and CSR Rolling Stock.
Ahmad was replying to Sim Tong Him (DAP-Kota Melaka) who had asked the ministry on the investments from China and the companies involved since 2010.
He said the Chinese were also involved in Malaysian iconic projects such as the Malacca Gateway and the Bandar Malaysia.
“A local company, KAJ Development, is the main developer of Malacca Gateway and will work with Chinese company Powerchina International to develop four islands worth RM30 billion.”
Ahmad said the project was expected to be completed in 2025 and would attract 2.5 million tourists a year and generate about 40,000 jobs.
Ahmad Maslan said Bandar Malaysia was a Public Private Project (PPP) between the Finance Ministry and the Iskandar Waterfront Holdings (IWH)-China Railway Engineering Corporation (CREC).
“CREC has agreed to invest a total of RM8.1 billion to develop its regional office in Bandar Malaysia.
“The Finance Ministry will ensure there are open tenders and contracts. There are plenty of opportunities for local companies to be involved in Bandar Malaysia,” he added.