Malaysia: HDC expects slowdown in Halal investment

| 26/12/2011 | Reply
Zurinna Raja Adam Business Times

BANDAR ENSTEK: Halal Industry Development Corp (HDC) expects to attract RM1 billion investments from local and foreign investors for all eight halal parks in the country next year.

The target is smaller than this year’s RM2.4 billion investments due to global economic uncertainties.

All the halal parks, which are located throughout the country, has so far attracted a total of RM7.2 billion in investment.

“We are cautious with the target next year due to the gloomy economic outlook globally, so we expect a slowdown in investment,” chief executive officer Datuk Seri Jamil Bidin said.

On the corporatisation of the HDC, Jamil hopes that the HDC Statutory Bill could be tabled in Parliament next year.

“The draft has been completed and presented to relevant authorities and industry players to ensure that we do not overlap in terms of activities, scope and empowerment,” he told reporters after a visit by International Trade and Industry Minister Datuk Seri Mustapa Mohamed to techpark@enstek, Bandar Enstek.

techpark@enstek is the HALMAS status halal park, where players within the park can benefit from HDC incentives.

HDC accorded HALMAS status to halal park operators who complied with the requirements under the HDC Designated Halal Park Development Guidelines.

Under the accreditation, the halal operators, industry players and logistic companies can enjoy incentives provided by HDC.

techpark@enstek is managed and developed by TH Properties Sdn Bhd (THP), a subsidiary of Lembaga Tabung Haji.

The halal park is projecting RM80 million investments next year from eight companies involved in various industries which include biotechnology, pharmaceutical and education.

Due to the growing demand for halal industrial parks, THP will be launching the second phase of techpark@enstek next year. This phase will offer 160ha of industrial land with a gross development value of RM200 million.

The first phase of techpark@enstek, spanning 209.6ha, is almost taken up with only about 12ha left for development.

Mustapa said the ministry and Malaysian Investment Development Authority need more industrial land with good location and infrastructure to cope with the growing demand from local and international investors.

“techpark@enstek is attractive due to its location, which is near the airport, Putrajaya and Cyberjaya and due the state’s (Negri Sembilan) aggressive investment promotion,” he added.

Mustapa, Jamil and THP group managing director Datuk Roszali Othman visited three factories yesterday – Coca-Cola Bottlers Sdn Bhd, biotech group Pure Circle Sdn Bhd and NAZ Medical Supplies Sdn Bhd. Zurinna Raja Adam


Category: Asia, Development Projects

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