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Malaysia to explore investment opportunities in S. Sumatra

Palembang (ANTARA News) – The Malaysian government has expressed interest to invest in South Sumatra in the areas of infrastructure development, agriculture, and plantation.

“Malaysian investors expressed interest in investing in South Sumatra, as it has coal, rubber, palm oil, rice, beef, and corn. Toll roads and ports will be built in the region,” Malaysias Minister of International Trade and Industry Dato Sri Mustapa Mohamed remarked after meeting local government officials here on Tuesday.

With regard to infrastructure investment, he noted that Malaysian investors have cooperated with Indonesia to build the Cikampek-Palimanan toll road at an investment worth US$1 million.

Meanwhile, Malaysian investment in various sectors in Indonesia has reached US$15 million.

“The investment in South Sumatra is relatively small, as it is only in the plantation sector. There are three Malaysian companies in South Sumatra,” he revealed.

According to Mohamed, Malaysian investment in South Sumatra can further increase, as it is supported by the large number of direct flights from Palembang to Malaysia.

“Malaysia wants to grab the opportunity being offered by the local government. Recently, investors from Japan visited South Sumatra,” he remarked.

The Malaysian delegation was received by South Sumatra Governor Alex Noerdin.

Source: www.antaranews.com, Tuesday 23 June 2015