Perak Trade Mission To China Generates Commitments Worth RM1.6 Bln - MB
IPOH, May 25 (Bernama) -- The Perak state government trade and investment mission to China has opened up new prospects and commitments worth more than RM1.6 billion.
The May 17-24 mission involves digital technology, artificial intelligence (AI), data centre, green energy, automotive, and future industries sectors.
In a statement, Perak Menteri Besar Saarani Mohamad said this has further strengthened efforts to attract quality investments to generate economic spillover effects, create high-skilled job opportunities, and support the direction of the Perak Sejahtera 2030 development agenda.
“A main outcome of this mission is a RM1 billion investment commitment to develop the NexQuantum AI Digital Park @ SVTP, following working visits to Ennoconn headquarters in Kunshan and the Jiading Big Data Centre in Shanghai to observe developments in AI, data centres, digital infrastructure, and smart industry ecosystems,” he said.
Saarani said the project development is subject to approval by the Data Centre Task Force (DCTF). This is to evaluate, coordinate, and monitor data centre development in Malaysia in a more organised, strategic, and sustainable manner, he said.
The DCTF is a coordination platform jointly chaired by the Digital and Investment, Trade and Industry Ministers.
The mission also witnessed the signing of a strategic cooperation memorandum by the Perak SADC-Shuifa Energy Group Co Ltd.
This is to explore the development of a renewable energy project based on floating aqua-voltaic technology with a capacity of 30 megawatt-peak (MWp) in Tanjung Tualang.
The RM180 million to RM200 million investment covers more than three years.
“Yantai Yatong Precision Mechanical Technology has chosen Perak to locate its first factory outside China, with a RM160 million investment at the Tanjong Malim Hi-Tech Park. It has more than 20 years of experience in automotive component manufacturing,” he said.
Saarani added that another company, Ningbo Fresh Technology Co Ltd, which already has an automotive component manufacturing plant in Tanjong Malim, also intends to expand operations with an additional RM263 investment at the same hi-tech park to meet local and export demand.
At the same time, through InvestPerak, with the support of the Malaysian Investment Development Authority (MIDA) Shanghai office, a business pitching session was also organised involving more than 100 Chinese industry players to introduce opportunities in the electrical and electronics, automotive, machinery and parts, mineral-based downstream industries, halal industry, and food processing sectors.
The relevant agencies will follow up on these prospects to ensure they are implemented to strengthen the state’s industrial ecosystem, accelerate technology transfer, develop local talent, and create quality job opportunities for the people of Perak, Saarani said.
-- BERNAMA