Senai Hi-Tech Park in Johor, to be partially operational in March next year, is geared to attract investors in targeted core sectors- high-tech manufacturing, research and development (R&D) and services including professional services, human development and the setting up of regional establishments.

Iskandar Malaysia, the southern economic growth corridor, is looking forward to see more investments from Singapore amidst strengthening bilateral ties.

Pantech Group Holdings Bhd, a supplier of high pressure seamless and specialised steel pipes, fittings, flanges and flow control products, will invest RM250 million to set up a manufacturing facility to make stainless steel-welded pipes and fittings in Pasir Gudang, Johor.

Malaysia is keen to tap the window of opportunity arising from the economic uncertainties in the Eurozone to attract investors from Europe to relocate or expand to Malaysia, which offers a competitive edge with a lower cost environment as well as a strategic location in the rapidly-growing Asian region.

The State of Selangor has attracted some RM3.47billion investments in 166 projects in the manufacturing sector for the first six months of the year, says Teresa Kok, Selangor State Executive Councillor for Investments, Industrialisation and Trade, who quoted statistics from the Malaysian Industrial Development Authority (MIDA).