By SHAHEERA AZNAM SHAH / Pic By MUHD AMIN NAHARUL
The industrial land in East Malaysia has to be developed to attract quality investments and meet the requirements of booming industries, said Deputy International Trade and Industry (MITI) Minister Dr Ong Kian Ming (picture).
Ong said as the local economies are leveraging on the industry clusters, the businesses classify industrial parks according to their infrastructure offerings.
“We need to review the existing industrial parks and streamline the federal, state and private sectors’ efforts in enhancing the industrial parks towards raising the profile of investments here.
“Empty land does not produce wealth, they may be priced at RM1,000 per sq ft, but it has no value if it is empty. The moment a factory is built on it, we can create jobs and business opportunities,” he said in a statement at the Industrial Park and Investment Facilitation Forum in Sabah yesterday.
Ong said Sabah state has the potential to venture into the aerospace industry due to the extensive rural air services between states in East Malaysia.
“For example, to make Sabah an aerospace hub, industrial parks such as the Kota Kinabalu Industrial Park need to be enhanced to develop an aerospace industry cluster.
“Having the upstream and downstream industry players in close proximity improves the speed and cost of production.
“We would like to see Sabah becoming the main aerospace hub within Brunei, Indonesia, Malaysia, Philippines-East Asean Growth Area,” he said.
The ministry urges utility firms to come on board in developing the infrastructure and supporting the investment in East Malaysia.
“It is important to find win-win solutions and not to keep investors waiting for infrastructure to be built, especially in the provision of electricity, water and roads, as these basic infrastructures are needed for any industry to operate.
“I urge the technical agencies and utility providers such as Telekom Malaysia Bhd, Tenaga Nasional Bhd and Gas Malaysia Bhd to come on board and be proactive in supporting investors in these areas,” he said.