NANNING (China), Sept 17 — China’s Guangxi Beibu Gulf International Port Group Co Ltd is expected to make further investment in Malaysia soon, following the success of its investment in Kuantan in 2013.
Its deputy general manager, Zhou Yan, expressed confidence when asked by Bernama whether the corporation planned additional investment in Malaysia, replying: “Yes, definitely.”
“But sorry, I cannot share more details on the investment. I think this represents potential opportunities for the corporation to work closely with our joint venture partner,” he said during the Asia Pacific journalists’ visit to Beibu Gulf Port showroom of the New International Land-Sea Trade Corridor here on Tuesday.
When asked whether the corporation’s next investment would be in Kuantan or other ports, Zhou replied: “I think, both”.
On the timing of the investment, he said he personally hoped it would take place as soon as possible, but noted that “a lot of things” still needed to be settled.
Zhou also revealed that he now travels to Malaysia monthly.
“I like Malaysia. Very good country, beautiful. The economy will grow very quickly,” he added.
Information and photographs of Beibu Gulf Port Group’s investment in Kuantan Port are showcased in its showroom as part of the overseas seaports in which it has invested.
In a statement, Beibu Gulf Port Group described itself as a large state-owned enterprise directly under the People’s Government of Guangxi Zhuang Autonomous Region.
Established on Feb 14, 2007, it was formed by integrating the public wharf assets of the three coastal cities of Fangchenggang, Qinzhou and Beihai, pioneering cross-administrative regional port integration in China.
