Wednesday, August 24, 2011

Mustapa: South Korean company wants to set up business in Bintulu

KUCHING: Many international companies are zeroing in on Sarawak to locate their operations and one in particular is a South Korean company dealing in the manufacturing of silicon metal.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said during his recent visit to South Korea, he met with a company there which had expressed keen interest in setting up a base in Bintulu.

“They have come here 10 times in the past five to six months and they want to make a decision by September,” he told a press conference at the Sarawak Domestic Investment Seminar here yesterday.

He said there were only two issues obstructing the confirmation — electricity tariff and the availability of land.

Mustapa said the company was currently negotiating the tariff rates and had been talking to Bintulu Development Authority requesting for a hundred acres.

He hoped a decision would be made in the next few weeks, adding that the company was bringing in an investment of around RM1bil.

Mustapa said in the past one year, there had been a lot of interest in Sarawak and as of this month, the Malaysian Industrial Development Authority (Mida) had arranged a total of 180 visits for 34 companies to Samalaju Industrial Park.

He said these potential investors were mainly involved in the energy-intensive industries.

“This clearly showed that people are beginning to see the potential of Sarawak and I say this not only for manufacturing but also in the eco-tourism, hotel and agriculture sector. We expect this interest to pick up,” he said.

He went on to say that in the first six months of this year, Mida had approved RM3.6bil in investments in manufacturing for Sarawak compared to the RM3.9bil secured for the whole of last year.

As such, he believes Sarawak was in for a very good investment year.

He also assured that the Federal Government would help Sarawak wherever possible and this included improving and maintaining the industrial infrastructure in the state.

He said RM90mil had been provided for water supply connection to cater to the 10 companies operating in the Samalaju Industrial Park.

THE STAR ONLINE

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