Perlis MBI in talks with ten potential investors to invest in CVIA

KUALA LUMPUR: Perlis’ Menteri Besar Incorporated (MBI) is still in discussions with ten potential investors to invest in the Chuping Valley Industrial Area (CVIA) project, which is slated for completion in 2025 and will be the state’s main industrial site.

Chief executive officer, Zulkafli Ahmad, said the state expected some of them to confirm their interests this year, and hoped that with the infrastructure ready by 2020 more investors and industries would come to the valley.

“We see serious interests among the potential investors to come to CVIA, which will be main anchor of the clusters we had in the valley,” he told reporters on the sidelines of the special briefing session on investment opportunities by states in Malaysia, organised by Malaysian Investment Development Authority (Mida) yesterday.

CVIA, spread over 1,214.05 hectares (ha), comprises Perlis Inland Port, a 202.34ha logistics hub, and a 1,011.71ha industrial area that focuses on three clusters – renewable energy generation, green manufacturing and the halal industry.

Zulkafli said the Perlis Inland Port, an integrated port using railways as mode of transportation, was expected to handle about one million twenty-foot equivalent units per year.

He said CVIA has great potential as a main industrial area as it was located near the Thailand border, whereby it could leverage on easier access to the raw materials from Thailand and easiness of export for the manufactured goods using the inland port. —