Loke urges Hong Kong investors to explore Malaysia beyond Klang Valley
KUALA LUMPUR: Hong Kong investors should look beyond Kuala Lumpur and the Klang Valley when exploring investment opportunities in Malaysia, says Transport Minister Anthony Loke.
Hong Kong investors are being encouraged to expand their horizons when seeking investment opportunities in Malaysia, according to Transport Minister Anthony Loke. Loke urged them not to limit their search to the Klang Valley and Kuala Lumpur, emphasizing the government's strategy to foster economic growth across the country. In the north, Penang and Kulim in Kedah are identified as key regions for semiconductors and electronics, while Johor is highlighted as a major growth area due to the establishment of the Johor-Singapore Special Economic Zone.
The East Coast Rail Link, a major Belt and Road Initiative project, is expected to boost manufacturing in the region. For East Malaysia, Sarawak is touted for renewable and green energy potential, while Sabah presents opportunities in tourism and the blue economy. Malaysia's future development plans, outlined in the New Industrial Master Plan 2030, aim to move into advanced manufacturing, semiconductors, the digital economy, and the energy transition.
The symposium also brought together Hong Kong and Malaysian business leaders for dialogue and networking, with over 200 participants from both economies.
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