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MIDA urges local companies to join the economic accelerator projects

MIDA urges local companies to join the economic accelerator projects

11 Jul 2019

Malaysian Investment Development Authority (MIDA) has established an East Coast Rail Link (ECRL) Unit as a dedicated contact point to facilitate and promote the development of the Economic Accelerator Projects (EAP) along the ECRL corridor.

In a statement, the government agency said the unit is currently engaging with the respective states and interested parties to inform and promote the EAPs.

“The EAPs will include the development of an industrial park in the East Coast and West Coast of Peninsular Malaysia to attract trade and investments along the ECRL corridor.

“It also involves the establishment of logistics hubs at transport interchanges to promote connectivity and transportation of goods under the ECRL project, and transit-oriented development (TOD) stations to promote new development and to support the growth of industrial parks,” MIDA said.

MIDA, as the principal investment promotion agency of the country, will identify and assist interested Malaysian companies to cooperate with China Communications Construction Company LTD (CCCC) in the EAPs, based on the memorandum of understanding inked with CCCC.

Thus far, MIDA said it has been involved in many awareness programmes to provide information regarding ECRL and planned to organise seminars as well as business events to further promote and receive information from companies keen to take part in EAP development.

Source: Bernama

11 July 2019