Malaysia and China have launched an industrial park in the eastern Malaysian state of Pahang; the initial investment is RM 10.5 billion. The park will house projects such as steel plants, aluminium plants, and palm oil refineries. Further, China’s Guangxi Beibu International Port Group will partner with Malaysian property and construction company IJM Corporation Berhad to invest RM 3 billion in the expansion of Kuantan port in Pahang. Guangxi Beibu also plans to construct a steel plant, an aluminium plant, and an oil palm refinery in the industrial park. With the launch of the industrial park, Malaysia expects China to invest more money in 2013, in the manufacturing sector.
