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Borneo, Sarawak, Sarawak Corridor of Renewable Energy (SCORE), Sarawak Economy

China Dalian keen to invest in SCORE

Zheng (right) receives a memento from Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu Numpang.

ANOTHER major group from the People’s Republic of China is looking to invest in the Sarawak Corridor of Renewable Energy (SCORE).

Earlier this month, a business group from China’s Qinghai Province — the largest province in the country — expressed interest in investing in the State’s energy, food and agriculture industries.

Now the China Dalian International Economic and Technical Cooperation Group Co. Ltd is keen to put its money into SCORE.

A nine-member delegation, including company president Zheng Xiangzhi, met with the State’s top leaders, Bintulu Development Authority (BDA) and State Planning Unit (SPU) as well as visited the Samalaju Industrial Park.

“Basically, we are looking at the possibility of investing in the oil and gas industry, but, at the same time, we are also thinking of building hotels and shopping complexes in SCORE area so as to provide comfort and convenience to the people working there,” Zheng is quoted as saying.

“We have been to many parts of the world, but we found that Sarawak is still the best place to invest, especially in heavy industries.”

Wow. That’s really a great endorsement from Zheng.

You see China Dalian is a top international player. According to Engineering News-Record, China Dalian ranked 154 among the world’s top 225 international contractors.

The companies were ranked according to construction revenue generated outside of each company’s home country and China Dalian was right up there among the world’s biggest.

It is a large-scale state-owned comprehensive company founded in 1984 and specialises in foreign economic and technical cooperation.

The company has a business scope covering the fields of construction project contracting, international labor service cooperation, real estate development, ocean transportation, pelagic fishery, international trade, bio-pharmacy, aquaculture and aquatic products processing and more.

It has invested and set up affiliates in Singapore, Suriname, Russia, Gabon, Guinea, Sierra Leone, Argentina, Spain, South Korea and Japan.

China Dalian has built up a stable economic and trade relationship with hundreds of customers from more than 70 countries and regions globally.

And now this company wants to invest in Sarawak and SCORE.

What’s more, the company’s president has said that “Sarawak is still the best place to invest” compared to all the other countries and regions the company has dealt with!

Zheng also said that if China Dalian were to set foot in Sarawak, many other Chinese firms would follow suit.

Now that would be something the State’s economy can really look forward to.

Great stuff. Real transformation for a secure future for all Sarawakians and not just passing change.

How the Borneo Post reported it:

China Dalian eyes investment opportunities in SCORE

By Johnson K Saai

KUCHING: China Dalian International Economic & Technical Cooperation Group Co. Ltd is keen to invest in the Sarawak Corridor of Renewable Energy (SCORE).

A nine-member delegation, led by the company’s president Zheng Xiangzhi, conveyed this keenness during a meeting with Deputy Chief Minister Datuk Patinggi Tan Sri Alfred Jabu Numpang at the latter’s office in Wisma Bapa Malaysia here yesterday.

Jabu said China Dalian, a major Chinese outfit, was eyeing opportunities in the oil and gas related industries here.

Besides Jabu, Assistant Minister of Rural Development Investment and Promotion Julaihi Narawi and State Planning Unit (SPU) director Datu Ismawi Ismuni briefed the visitors about the state and investment opportunities available before they flew off to Bintulu.

“They will be spending two days in Bintulu. While there they will be briefed by Bintulu Development Authority (BDA) officials and visit Samalaju Industrial Park.”

After their trip to Bintulu, they will fly back to Kuching and have a second meeting with SPU officials on Monday.

Meanwhile, Zheng told reporters through a translator that their visit was a follow-up to the dialogue between their Deputy Minister of Commerce and Chief Minister Pehin Sri Abdul Taib Mahmud some time ago.

“Both leaders had discussed about renewable energy in Sarawak and we are here to get a better picture on the actual environment, policies and what not.

“Basically, we are looking at the possibility of investing in the oil and gas industry, but, at the same time, we are also thinking of building hotels and shopping complexes in SCORE area so as to provide comfort and convenience to the people working there.”

He expressed confidence that if China Dalian were to set foot in Sarawak, many other Chinese firms would follow suit.

“We have been to many parts of the world, but we found that Sarawak is still the best place to invest, especially in heavy industries.”

During the courtesy call yesterday, Zheng delivered a letter from their Minister of Commerce to Taib.

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