Chinese investors eye major aluminium investment in Sarawak
BEIJING: Chinese investors have expressed interest in making large-scale investments in aluminium production at the Samalaju Industrial Park in Bintulu, Sarawak, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
Chinese investors are showing significant interest in making large-scale investments in aluminium production at the Samalaju Industrial Park in Bintulu, Sarawak, according to Deputy Prime Minister Dr Ahmad Zahid Hamidi. The proposed investment could expand production capacity to meet demand from various sectors such as construction, automotive, and other industrial fields, while also opening up new global markets.
Zahid highlighted that this high-impact investment is part of a broader strategy to attract investments into rural areas, particularly in high-tech manufacturing. He mentioned that incentives announced by Prime Minister Anwar Ibrahim under the 2027 Budget, especially those targeting investments outside designated industrial zones, could further aid in attracting foreign investors.
However, the proposed investment is yet to be approved by the Sarawak government and the Investment, Trade and Industry Ministry (Miti).
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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