Port Klang Free Zone (PKFZ) has received proposed investments of more than US$116.5 million in the first nine months of 2010 despite the bad publicity received in recent years, chief executive officer Chia Kon Leong told The Sun.
The total investment in the PKFZ has now hit $420.77 million since its inception in 2005, compared with $273.17 million and $302.95 million in 2008 and 2009 respectively.
For this year, a total of 72 companies involved in marketing and logistic business as well as training have applied to set up their bases in PKFZ.
Chia said the Port Klang Authority (PKA) port promotion programme, which takes PKA officials around the globe, had managed to quell fears and boost investors' confidence that the free zone is still a viable investment.
He said a major coup is the success in getting a major Singapore-based logistics company to set up base in PKFZ next year. Declining to reveal the identity of the company as the deal is being finalised, Chia said it involves a proposed investment of between $16 million to $32 million.
The total investment in the PKFZ has now hit $420.77 million since its inception in 2005, compared with $273.17 million and $302.95 million in 2008 and 2009 respectively.
For this year, a total of 72 companies involved in marketing and logistic business as well as training have applied to set up their bases in PKFZ.
Chia said the Port Klang Authority (PKA) port promotion programme, which takes PKA officials around the globe, had managed to quell fears and boost investors' confidence that the free zone is still a viable investment.
He said a major coup is the success in getting a major Singapore-based logistics company to set up base in PKFZ next year. Declining to reveal the identity of the company as the deal is being finalised, Chia said it involves a proposed investment of between $16 million to $32 million.