Malaysia-China international logistic park breaks ground in Malaysia

Guests attend the groundbreaking ceremony of the Malaysia-China Kuantan international logistic park in Kuantan, Pahang state of Malaysia, on April 7, 2023. (Photo by Chong Voon Chung/Xinhua)

Malaysia-China Kuantan international logistic park broke ground in Kuantan, Pahang state of Malaysia, on April 7, Chinanews.com reported.

The new park is part of the Malaysia-China Kuantan Industrial Park (MCKIP) located in Pahang. Founded in February 2013, the MCKIP is the first industrial park jointly developed by Malaysia and China and a key Belt and Road cooperation project. The MCKIP, together with its sister park of the China-Malaysia Qinzhou Industrial Park situated in China's southern Guangxi Zhuang Autonomous Region, has set an innovative example of bilateral economic cooperation under the model of "Two Countries, Twin Parks".

The Malaysia-China Kuantan international logistic park, jointly developed by China Harbour Engineering Company Ltd. (CHEC), Malaysia's IJM Corporation and the Guangxi-based Beibu Gulf Port Group, will cover an area of about 4,000 mu (266.6 hectares) and receive a total investment of 6 billion yuan.

The park will focus on the development of warehousing, logistics, distribution, processing and transit trade, with the aim of crafting itself into a logistics hub in Southeast Asia of the New International Land-Sea Trade Corridor, a trade and logistics passage jointly built by western Chinese provincial regions and Singapore.