Putrajaya to probe barren industrial project in Pekan

Putrajaya to probe barren industrial project in Pekan

Deputy minister Ong Kian Ming says the infrastructure at the Agas Industrial Park is ready but the project has yet to attract any big investors.

KUALA LUMPUR: Putrajaya will look into the reasons behind the failure of the Agas Industrial Park in Pekan which was developed to attract investments to the East Coast Economic Region, the Dewan Rakyat was told today.

Deputy International Trade and Industry Minister Ong Kian Ming said Pakatan Harapan had been aware of the project’s development since its days in the opposition.

“I have been to the area. The infrastructure is ready but there are no big investments as announced.

“I hope to make a visit to probe why the billions of ringgit announced by the Barisan Nasional government were not realised,” he said.

He was replying to Awang Hashim (PAS-Pendang), who had asked for updates on the Tanjung Agas project which was supposed to be developed as an industrial park.

Last year, Adnan Yaacob who was Pahang menteri besar at the time, denied that the project was plagued with problems.

He said it was still at the discussion stage, adding that foreign investors were keen on developing the park.

He also asked the public to be patient and urged the people not to label the project as a white elephant.

In the Dewan Rakyat today, Ong also announced that the country had managed to attract RM25.2 billion worth of foreign direct investments from January to June this year.

The biggest investment, worth RM15.2 billion, was in the manufacturing sector, followed by the services sector (RM6 billion) and the primary industries sector (RM5.3 billion).

The biggest investors were from China (RM6.6 billion), Korea (RM2.4 billion), Japan (RM1.6 billion) and Singapore (RM800 million).

Ong also said the government was ready to liberalise policies to encourage investments in the country, and to make it easier for investors to carry out projects here.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.