SINGAPORE, July 9 (Bernama) -- While Iskandar Malaysia has been a major attraction to Singapore investors, the government is putting more effort into luring investors to other parts of Malaysia, says Minister of International Trade and Industry Datuk Seri Mustapa Mohamed.
"I might say that they (investors) are very excited about Iskandar Malaysia for obvious reasons particularly due to its proximity (to Singapore) coupled with aggressive promotion for the region.
"Iskandar Malaysia has gained a lot of attraction in Singapore, but the republic's investors are also in the Klang Valley, Penang, and we hope they go to the East Coast, Sabah and Sarawak," he told reporters after meeting with six companies who are Iskandar Malaysia investors.
Earlier, Mustapa also had a luncheon meeting with the Singapore Chinese Chamber of Commerce and Industry (SCCCI) here today.
Apart from Iskandar Malaysia, the country's other economic regions are the Greater Klang Valley, Northern Corridor Economic Region, East Coast Economic Region, Sabah Development Corridor and Sarawak Corridor of Renewable Energy.
The minister said: "What is important is that we want to create greater awareness and more interest in other parts of Malaysia."
In Sabah and Sarawak, he said, awareness is gradually building up with tourism and manufacturing investments mainly from Japan and Korea, while in the East Coast there is interest to set up a hotel in Kelantan.
Of his meeting with the SCCCI, Mustapa, who is on his third visit to the city-state this year, said: "They (SCCCI) have been asking us what additional incentives that Malaysia has to offer to motivate them to go to the other places.
"We told them cost would certainly be an issue, government facilitation, availability of labour would be an added advantage."
He noted the purpose of his visit here is to continue the engagement with the Singapore business community and this has been going on for many years, adding Malaysia and Singapore enjoy very close bilateral ties.
TNS TNS WGM