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Four companies to invest RM375m in KHTP

Four companies to invest RM375m in KHTP

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

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 Business Times 27 Dec 2014 and MIDA

27 December 2014