18 projects worth RM29.43 bln in SCORE — Nansian
BINTULU: Sarawak Corridor of Renewable Energy ( SCORE) has so far attracted 18 projects with an investment of RM29.43 billion already committed, and creating up to 16,000 jobs.
This was disclosed by Assistant Minister of Industrial Estate Development Datuk Peter Nansian after chairing the third meeting of Samalaju Industrial Park ( SIP) Liaison Committee at Samalaju Lodge here yesterday.
He said the 18 projects could be divided into several categories.
“There are 13 projects for basic metal products with a total investment of RM23.8 billion which will create 12,738 jobs.
“For chemical and chemical products, we have two projects, with RM3.47 billion investments and 1,400 jobs,” he said.
In addition, a project under the petrochemical and polymer industry with an investment value of RM0.03 billion would create 14 jobs while two projects in food manufacturing with investment worth RM2.11 billion would create about 1,692 jobs, he added.
On equity investment , he said there were five projects under domestic equity, worth RM5.99 billion which is about 20.3 per cent investment and creating 4,788 jobs.
He said foreign investment equity was the biggest at 59.2 per cent, involving eight projects worth RM17.40 billion which would create 6,563 jobs.
He also said a joint venture for five projects worth RM6.04 billion, out of which about 20.5 per cent was foreign investment, would create 4,493 jobs.
Nansian, who chaired the third SIP Liaison Commit tee meeting earlier, was briefed on the progress of development in SIP and various related issues.
“The purpose of this committee is to monitor the development in SIP.
“This committee will report to the government from time-to-time on issues, how to improve industrial development here for the sole purpose of creating conducive investment environment for SIP.
“We monitor security, environment, provision of infrastructure and facilities, industrial and investor relations and so far all have been implemented as planned,” he said.
Nansian said two companies, namely Press Metal and Tokuyama, were already in operation while other projects were still under construction and in the process of signing power purchase agreement.
“I was informed that Samalaju Port will be ready by April. In terms of security we have integrated security system, local security team on site, police, BDA auxiliary, Maritime, security in all levels - land, sea and air. This place is well secured for the short term and tl ong term,” he added.
He said that as a protected area, SIP was given 24-hour security by the auxiliary police team of Bintulu Development Authority ( BDA).
“On infrastructure, they have met the current requirements and planning to meet the future investment needs here,” said Nansian.
For the record, there are 14 projects in Samalaju with investment value of RM24.17 billion, offering 12,852 jobs.
With Nansian during the working visit were Bintulu Resident Muhamad Yakup Kari and senior officers from various government departments.