Friday November 30, 2007

Two more new investors for PKFZ

SUBANG JAYA: Port Klang Authority, which manages Port Klang Free Zone (PKFZ), has secured two investors to the zone and is negotiating to draw 53 more by end-2008.

The latest investors are EFE Expo Sdn Bhd and SMI Association of Malaysia.

According to Transport Minister Datuk Seri Chan Kong Choy, PKFZ has attracted 39 companies with total investments of RM729mil since it began operations a year ago.

He was confident that PKFZ was on track to meet its target of 53 more investors by end-2008.

“We have already secured RM729mil in a year and should secure the remaining (53) investors with a potential investment of RM610mil,” he said at the launch of PKFZ's new logo yesterday.

From left: Port Klang Authority chairman Datuk Chor Chee Heung, Datuk Seri Chan Kong Choy and Datin Paduka O.C. Phang
EFE chairman Quek Kheng Long said the company would be leasing an entire office block in PKFZ, utilising it as a permanent showroom and venue for its 5th annual Export Furniture Exhibition in March 2009.

The Johor-based EFE manages the annual export furniture exhibition for the Malaysian Entrepreneur Association.

Quek said PKFZ was strategically positioned, given that Port Klang was quite well known to local and foreign furniture importers.

He expected the exhibition in 2009 to attract around 20,000 local and foreign visitors.

According to SMI Association president Chua Tiam Wee, at least four association members would be investing immediately in PKFZ, with more expected to commit next year.

Port Klang Authority (PKA) general manager Datin Paduka OC Phang said PKA was currently promoting PKFZ locally and internationally.

On another note, when asked when PKA would be able to repay the RM4.6bil soft loan from the Government, Chan said the matter was being discussed with the Finance Ministry and nothing had been finalised thus far.

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