Perak attracts RM7.1bil investments during first quarter of 2023

The Perak government has successfully attracted investments amounting to RM7.1bil for the first quarter of this year, which is a significant increase of 550% in comparison to the RM1.3bil recorded in the corresponding period last year, according to Mentri Besar Datuk Seri Saarani Mohamad.

Despite the global uncertainty, Saarani described this achievement as meaningful, highlighting how Perak continues to successfully attract investors to the state.

Over the past year, the state has managed to secure numerous high-impact investments, including the RM32bil Automotive High Technology Valley (AHTV) project in Tanjung Malaim and the construction of an RM300mil XP Power electronics factory in Seri Iskandar.

Another notable investment is the mineral processing factory at Silver Valley Technology Park, with investments totaling RM100mil.

Saarani expressed gratitude for these achievements, emphasizing that they signify the successful implementation of the Perak Sejahtera 2030 plan, launched a year ago.

However, he highlighted the need for continued effort to ensure the realization of the Perak Sejahtera 2030 development plan, urging everyone to work even harder.

These remarks were made by Saarani during a dinner held in conjunction with the 111th anniversary celebration of the Malaysian International Chamber of Commerce and Industry (MICCI) in Ipoh on August 24th.

The speech was delivered by Loh Sze Yee, the chairman of the state Tourism, Industry, Investment, and Corridor Development Committee.

Also in attendance at the event were Human Resources Minister V. Sivakumar and MICCI President Christina Tee Kim Chin.

In addition, Saarani expressed his hopes for closer collaboration between MICCI and government agencies to further attract investors to the state.

The state government is ready to assist and simplify matters to encourage more investors to come to Perak by providing the necessary infrastructure, said Saarani. – Bernama