Chinese investors eye major aluminium investment in Sarawak, says Zahid

Malaysian Deputy Prime Minister Ahmad Zahid Hamidi disclosed during a Chinese investors' meeting that there is significant interest in financing a large-scale aluminium production project at the Samalaju Industrial Park situated in Bintulu, Sarawak. This proposed investment, expected to be substantial, has the potential to boost capacity in aluminium-based product manufacturing, catering to the requirements of various industries such as construction, automotive, and others. The expansion could also facilitate access to new global markets.

Zahid emphasized that the attraction of Chinese investors is part of a broader strategy to facilitate investments into rural areas, particularly focusing on high-tech manufacturing. He revealed that numerous locations were identified during the meeting, with the Samalaju Industrial Park being of particular interest due to its existing market presence and potential for reaching new markets. The investment, however, needs approval from the Sarawak government and the investment, trade, and industry ministry.

Zahid announced plans to establish a one-stop centre, in collaboration with the Malaysian Investment Development Authority, to assist Chinese investors in Malaysia. This initiative aims to streamline the investment process, create job opportunities for young people, and promote technology transfer and technical skills development through technical and vocational education and training (TVET) institutions.

The 'factory teaching' approach, which offers practical exposure to high-tech sectors, could also be integrated into TVET programs to enhance students' learning experience.