Perak attracts RM7.1bil investments in Q1 2023

Perak attracts RM7.1bil investments in Q1 2023

Menteri besar Saarani Mohamad says it is an increase of 550% compared with RM1.3 billion in the corresponding period last year.

Saarani Mohamad said the first quarter result shows that the Perak Sejahtera 2030 plan launched a year ago is on the right track.
IPOH:
The Perak government managed to attract investments amounting to RM7.1 billion for the first quarter of this year, an increase of 550% compared with RM1.3 billion in the corresponding period last year, says menteri besar Saarani Mohamad.

He described it as a meaningful achievement, saying that despite the global uncertainty, Perak still managed to continue to attract investors to the state.

According to him, the state attracted many high-impact investments over the past year, including the Automotive High Technology Valley (AHTV) project in Tanjung Malim, which is expected to attract some RM32 billion worth of investments over the next 10 years, and the construction of an XP Power electronics factory in Seri Iskandar, involving an investment of RM300 million.

“Another is the mineral processing factory at Silver Valley Technology Park with investments totalling RM100 million.

“We should all be grateful for our achievements as this is proof that the Perak Sejahtera 2030 plan which we launched a year ago is on the right track.

“But all these efforts don’t just end here. Everyone needs to work even harder to realise the Perak Sejahtera 2030 development plan as planned,” he said.

Saarani was speaking at a dinner in conjunction with the 111th anniversary celebration of the Malaysian International Chamber of Commerce and Industry (MICCI) here last night.

His speech was read out by state tourism, industry, investment and corridor development committee chairman Loh Sze Yee.

Also present were human resources minister V Sivakumar and MICCI president Christina Tee.

Saarani hoped that MICCI could work more closely with government agencies to continue to bring more investors to the state.

He said the state government will, where necessary, assist to simplify matters to get more investors to come to Perak, including providing the best infrastructure.

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