Malaysia to set up Sino-Malysia industrial park

KUALA LUMPUR - Malaysia's northeastern port city of Kuantan has been identified as the suitable location to house a sister industrial park between China and Malaysia, Malaysian Prime Minister Datuk Seri Mohd Najib Razak said on Sunday.

He said the move was to reciprocate China's efforts to keep aside a land of 55 square kilometers in Qinzhou, Nanning as the Qinzhou Industrial Park, a joint venture project between China and Malaysia.

"Kuantan is seen as the closest point to the city of Nanning and with that I have requested the state government of Pahang to prepare a 1,500-acre (607.29 hectares)?land for China to set up the sister industrial park here," he said.

Najib said this in his speech during a gathering in Kuantan, about 250 kilometers northeast of Kuala Lumpur, which was also attended by his wife and several other government officials and local officials.

Najib said the government was carrying out detailed studies on the implementation of the project and have had meetings with investors from China towards that.