Malacca Gateway To Go Ahead As It Is Under Local Supervision Cm

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Malacca Chief Minister Adly Zahari has reiterated that the Malacca Gateway project will go on after ascertaining that it will be under the supervision of a local company and will benefit the people, especially in terms of job opportunities
Adly said the state government was advocating the principle of non-interference in FDI projects as long as they were overseen by local companies and provided various economic opportunities to the people
The state government adopts an open policy and has no problems with China’s investments, but the business model should be well managed for the benefit of the people, he told reporters after visiting tourism products in Malacca City today
"Now we are giving them the opportunity to continue with their investment with Power China. On our part, we have made it clear that as long as the project is under local supervision, our non-intervention policy remains
"On this foreign investment, the project (Malacca Gateway) is still running. At present, they are scrutinising the port and ferry terminal issues. For FDI, our stand is clear, the investment can come to our industrial area
“What matters most is that the foreign investment must take into account opportunities for locals," he said when commenting on former prime minister Najib Abdul Razak's criticism of the state government’s decision to continue the project
In yet another Facebook posting critical of the decision yesterday, Najib took a swipe at Adly, lamenting that it was weird for the chief minister to concede that the Malacca Gateway project was very important for the state development
Najib said it was strange that the project, which was labelled as a “foreign sellout” when it was initiated during his premiership, was now hailed as “bringing back the golden age of the Malacca sultanate” without making any changes to the original project scope or shareholding
In his previous reply to Najib’s criticism, Adly said Najib's claim was inaccurate, as various improvements had been made to the original project to ensure that it would be a catalyst for the tourism sector and the people's benefit
Spanning 246.4ha, the Malacca Gateway is a mixed commercial development project worth RM43 billion, comprising three man-made islands and one natural island, is expected to be completed by 2025
Adly said besides the Malacca Gateway, an investment from China's Xinyi Glass at the Elkay Industrial Park in Jasin had created 350 jobs for locals
Opened in 2015 with an investment of RM2.7 billion, the company produces 3,200 tonnes of float glass and 1.99 tonnes of solar glass per day
- Bernama

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