Focus

Pahang records foreign investment of more than RM21 billion in two years

09 May 2023 03:38pm
State investment, industries, science, technology and innovation committee chairman Datuk Mohamad Nizar Najib
State investment, industries, science, technology and innovation committee chairman Datuk Mohamad Nizar Najib
KUANTAN - Pahang registered a total foreign investment of more than RM21 billion in two years starting from 2021.

State investment, industries, science, technology and innovation committee chairman Datuk Mohamad Nizar Najib said the services and manufacturing sectors were among those that benefited, with investment focused in Bentong and Gebeng while manufacturing, services, farming, and tourism were focused in Pekan, Kuantan, and Rompin.

To attract more foreign investors to Pahang, he said the state government has opened discussions with foreign embassies besides the involvement of the state and federal government agencies such as the Ministry of Investment, Trade and Industry (Miti) and the Malaysian Investment Development Authority (Mida).

"Besides that, discussions with potential investors had also been actively conducted to convince investors to choose Pahang as the main investment destination,” he said at the Pahang legislative assembly here today.

Mohamad Nizar said investment missions to the countries identified had also been held to expand investment opportunities, with successful cooperation gained from countries such as New Zealand, Uzbekistan, and China.

He was responding to questions from Andansura Rabu (PN-Beserah) who wished to know the total number of foreign investments, investment allocation, and sectors involved as well as state government initiatives to attract new investments to Pahang.

Mohamad Nizar also informed that the state government through Perbadanan Setiausaha Kerajaan (PSK) has created the Invest Pahang website by introducing the Location Centric Approach as an effort to promote investment opportunities in Pahang.

Meanwhile, Pahang transport and health committee chairman Datuk Mohammad Fakhruddin Mohd Ariff, in response to questions from Hasan Omar (PN-Lanchang), informed that the state government has submitted an application for the allocation of RM414.29 million to repair federal roads and RM200.40 million for state roads. - BERNAMA

Related Articles:
More Like This
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
The new tariff schedule with a base tariff of 45.62 sen per kilowatt-hour for Peninsular Malaysia under Regulatory Period 4 (RP4) is proposed to be implemented starting July 1, 2025, Tenaga Nasional Bhd said today.
National TNB proposes to impose higher base tariff for Peninsular Malaysia for 2025-2027
TNB said the regulatory rate of return has been maintained at 7.3 per cent as per RP3 and this would enable the utility firm to make essential investments in the industry, ensuring a continuous and reliable electricity supply to meet growing demand.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
A generator room supplying electricity to the Tuanku Ja'afar Hospital here caught fire earlier this afternoon.
National Lorry accident causes fire at HTJ generator room
The fire was caused by a lorry, believed to be carrying construction materials, which snagged an electrical cable, causing the cable pole to collapse.
Photo for illustration purpose only. - Photo illustrated via Canva
Photo for illustration purpose only. - Photo illustrated via Canva
National Immediate reform needed in social media regulations to protect children - Syerleena
"The Internet, once celebrated as a vast repository of limitless knowledge, has become a dark and perilous space for those who seek to exploit children."
A Perodua Kelisa carrying a family of four overturned after losing control at KM212.3 of the WCE near Sitiawan. Photo: Perak Fire Department.
A Perodua Kelisa carrying a family of four overturned after losing control at KM212.3 of the WCE near Sitiawan. Photo: Perak Fire Department.
National Tragic accident on WCE claims lives of mother, toddler
By NOOR AINON MOHAMED
26 Dec 2024 07:44pm
The vehicle veered off the road and crashed into the road divider before overturning in the middle of the road, resulting in the toddler being ejected.