JITRA, Feb 15, 2016:
The change in Kedah’s political leadership will not affect investments in the state, says state Industry and Investment, Domestic Trade, Cooperatives and Consumer Affairs Committee chairman, Datuk Dr Ku Abdul Rahman Ku Ismail.
He said the choice of Kedah as an investment destination was not based on any one individual, but factors that made investors confident in the state.
“I am confident that despite the changes in the Kedah state leadership, it will not impact investments because of factors such as political stability, consistent policies, skilled workforce, communications expertise and infrastructure facilities,” he added.
He told reporters this after meeting representatives of a Japanese company, Asia Private Partnership, here today.
Ku Abdul Rahman said his confidence was well placed, with investors for the Kulim High Tech Park (KHTP) wanting to meet him, the Malaysian Investment Development Authority (Mida) as well as Kedah Invest to discuss the possibility of bigger investments in the state.
“They (investors) accept the leadership change as we are maintaining the approach and plans for enabling investors to receive good returns on their investments,” he added.
Apart from the Kulim International Airport, other catalytic projects planned to further enhance Kedah’s economic landscape are the Kedah Aerocity, the Sungai Petani-Kedah Inner Expressway (Spike), the Kedah Medical Science City and Kedah Science and Technology Park.
These were tabled as part of the state’s Budget 2015.
Another project to be implemented is the Rubber City which has received an allocation of RM320 million under the 2016 Federal Budget 2016, with land acquisition currently underway at Ladang Bukit Ketapang.
Kedah is also expected to receive another major project involving German semi-conductor company, Osram, via the construction of a 1 billion Euro LED chip plant.
It will be the largest one worldwide and construction work will start next month.
Meanwhile, construction of the RM3 billion Kedah Integrated Fishery Terminal is expected to start in the first quarter of this year.
The terminal is a joint venture between the Kedah State Development Corp and a Chinese entity, Qingdao Lu Hai Feng Investment Co Ltd (Lu Hai Feng).