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The Silver Valley Technology Park will bring RM14bil in FDI to Perak, says Saarani

The Silver Valley Technology Park will bring RM14bil in FDI to Perak, says Saarani

08 Jan 2024

The Silver Valley Technology Park (SVTP) development in Kanthan is expected to bring in RM14bil foreign direct investment (FDI), says Datuk Seri Saarani Mohamad.

The Perak Mentri Besar said this RM1.03bil project would also create 13,000 new job opportunities for the people of Perak.

Saarani said he was optimistic that the development of SVTP would provide an alternative for Perak-born graduates to return back here to contribute to the state through the job opportunities provided.

“SVTP, which is located in a strategic location between the Kanthan Industrial Park and Meru Raya Town, already has a supporting ecosystem including existing basic facilities which provides an added value in attracting investors.

“To ensure that the SVTP is capable of being a catalyst for the state’s industrial development and becoming the country’s new industrial hub, aspects of quality and safety will not be compromised,” he said.

Saarani told reporters this on Monday (Jan 8) after witnessing the Joint Venture Agreement ceremony between Perak State Development Corporation, its subsidiary Perak Corp and Advancecon Holdings Berhad on the establishment of the park.

Saarani said all issues regarding the illegal squatters in the area where SVTP would be set up have been resolved.

“We have provided alternative land to the farmers.

“So we are moving forward, and there is no looking back,” he added.

Saarani, in a speech earlier, said that the project, after being delayed for almost two decades due to various constraints and obstacles, is now going through development thanks to effort made by the state government though the state development corporation.

Source: The Star