CM: Melaka set to receive RM3.5b investment from China

CM: Melaka set to receive RM3.5b investment from China

20 May 2023

Melaka is set to receive RM3.5 billion investment through seven projects that will be developed in the state in collaboration with Cheng Ho International Trade and Cultural City Centre Sdn Bhd and investors from China.

Chief Minister Datuk Seri Ab Rauf Yusoh said all the projects would be developed after the application process for implementation has been approved by state authorities.

“Various new projects will be developed in Melaka through memoranda of understanding (MoU) signed with Chinese companies and these investments will further strengthen bilateral relations in various aspects with China.

“One of the projects that are expected to have a big impact on Melaka is the 88-storey Asean-China Tower that will be developed in the Melaka Waterfront Economic Zone (M-WEZ),” he told reporters after witnessing the MoU signing ceremony here today.

The MoU was signed by Cheng Ho International Trade and Cultural City Centre general manager Yong Chen Lim and also witnessed by the Melaka State Tourism, Heritage, Art and Culture Exco Datuk Abdul Razak Abdul Rahman.

Ab Rauf said the tower as well as several other projects such as Asean-China Made Products Outlet and Exhibition Centre, Asean-China International Grand Bazaar and Malaysia-China Metaverse Database Centre and High-Level Professional Training Base would be developed in collaboration with China Center Overseas Joint Development Preparatory Committee.

Meanwhile, other projects are Health E-Atomisation Industrial Park (Oriental Vaping and E-Atomisation-Malaysia and China Sdn Bhd), Asean Health E-Atomisation Forum (Oriental Vaping and E-Atomisation Ltd (UK)) dan Asean Cup 2023 (Melaka) International Regatta Competition.

Source: Bernama