Four companies to invest RM375m in KHTP

Four companies to invest RM375m in KHTP

27 Dec 2014

The investment would include upgrading of facilities and infrastructure in the park, Kedah State Executive Councilor, Norsabrina Mohd Noor said after the companies signed the lease agreement with Kulim Technology Park Corp Sdn Bhd (KTPC) in Kulim, yesterday.

The companies are keen to invest in KHTP as there are six proposed projects in the vicinity of Kulim–the Kulim International Airport (KXP), Kedah Aerocity, Sungai Petani-Kedah Inner Expressway (SPIKE), Kedah Rubber City, Kedah Science and Technology Park and the Kedah Medical Science City.

Aurelia T Director, Datuk Mohamed Farouk Che Ibrahim said KHTP is a matured park, thus investing and expanding there would benefit both the people and investors.

With the proposed airport, KHTP is expected to bring in more technology-intensive investments to the park.

KTPC President, Annuar Mohd Saffar said the state’s rapid growth in development and transformation had convinced the investors to be a part of the mega projects in the state.

From January to September this year, Kedah had secured a total of RM4.1 billion in foreign direct investments and RM431.0 million in domestic investments in 35 approved projects, according to data from the Malaysian Investment Development Authority (MIDA).

Going forward, Annuar said KTPC would further intensify efforts and work closely with MIDA, the Northern Corridor Implementation Authority (NCIA) and InvestKedah, to draw more investors, both foreign and local to the state.

Source: NST