By Marina Emmanuel
Published: 2008/09/30
Business Times Online
PENANG is looking to draw at least RM100 million in investments from the Middle East soon to develop a halal hub.Investors from Middle East are also eyeing Penang as a site for real-estate development and managing syariah-compliant resorts, State Domestic Trade and Consumer Affairs Committee chairman Abdul Malik Abdul Kassim said yesterday."Beginning October 6, several large- and medium-sized Saudi-based companies will be visiting Penang to continue talks the state government initiated during a visit to the Middle East three weeks ago," he told a press conference in George Town. Also present was Chief Minister Lim Guan Eng.The companies which are due in Penang next week include the Al-Balagh Group which is engaged in food and meat processing, cattle rearing and halal supermarket chain stores, cutlery and stainless steel firm Al-Hayat, solar panel maker Al-Hayat Solar Energy and food processing and packaging company Al-Takamol.
more, please refer to the link below:
http://www.btimes.com.my/Current_News/BTIMES/Tuesday/Nation/mari29.xml/Article/index_html
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