By Sulyn Chong
KUALA LUMPUR, Oct 7 — Selangor has emerged as an international logistics hub in the past two years, which is indicative of a positive trend, said state executive councillor for investment, industry and trade Dato’ Teng Chang Khim.
He said the state certainly welcomes foreign investments and hopes to see more collaborations and partnerships between foreign and local investors that will strengthen the position of Selangor as a hub.
“We also hope this will strengthen Selangor’s position as a platform to encourage international collaborations and investments in the future,” Teng said.
He was speaking at the exchange of the Memorandum of Understanding (MoU) between CSCM Asset Management Sdn Bhd and Harum Minat Sdn Bhd on the joint development of the International Integrated Logistics Services (IILS) in Sepang, during the Selangor Industrial Park Expo (Spark) under the ongoing Selangor International Business Summit (SIBS) 2022 at the Kuala Lumpur Convention Centre.
CSCM Asset Management Sdn Bhd was represented by China Sinology Centre chairman Zhang Jian while Harum Minat Sdn Bhd by its chairman Datuk Seri Muhammad Abdul Ghani.
The IILS is a key project under China’s ‘One Belt, One Road’ initiative, with the first phase slated to kickstart in January 2023 with RM820 million in estimated investments.
It focuses on the construction of overseas warehouses and a smart logistics park around the Kuala Lumpur International Airport that will adopt the most advanced and comprehensive logistics development system in China, which includes state-of-the-art recognition systems and AGV robot operation warehouses.
The project is jointly promoted by the China Oversea-Educated Scholars Development Foundation (COSDF) and serves as a starting point to further strengthen the bonds between Malaysia and China, via cultural exchange and business activities.
In cooperation with the Beijing Wuzi University and China Logistics Association, the project also aims to cultivate local logistical talents and further promote local employment opportunities.
With approximately 906 booths from 623 companies, SIBS 2022 commenced yesterday and will run until Sunday (October 9), with the aim of receiving some 30,000 visitors during its duration.
The summit will showcase six main events, including the Selangor International Expo (SIE) Food and Beverages, SIE Medic, Selangor Industrial Park (Spark) Expo, the Selangor Asean Business Conference (SABC), the Selangor Smart City and Digital Economy Convention (SDEC), and the Selangor Research and Development and Innovation Expo (SRIE).
Three other events will also be held concurrently, including the Selangor International Culinary Festival (SICF), the Selangor International Healthcare Conference (SIHC) and the Asian Smart City Conference: Mayors Summit and Selangor Declaration.