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EU to Study Malaysia’s Port, Maritime Potential

The European Union (EU) has channelled a RM9.5mil grant to Port of Antwerp-Bruges International (PoABI) and the Perak State Development Corp (PNKPk) says Perak Menteri Besar Datuk Seri Saarani Mohamad.

He said the grant is aimed at conducting studies on Malaysia’s attractiveness in the port and maritime sector and drawing data on its suitability as an international logistics and transport centre.

He said the awarding of the grant from the EU was an important achievement that proved the country’s importance as a major investment destination.

“In addition to helping Lumut achieve its potential as the main driving force for the inclusive and sustainable development of the state of Perak, the state’s wealth of natural resources and the availability of infrastructure are complemented by the development of the Lumut Maritime Industrial City.

“The relationship with PoABI attracted the EU to the state to conduct a comprehensive study,” he said after the announcement of the grants yesterday.

Also present at the ceremony were PoABI managing director Kristof Waterschoot and PKNPk chief executive Datuk Redza Rafiq Abdul Razak.

Saarani said the study included nine assessments with four initial assessments focusing on Malaysia in general to attract potential investments from the EU or other foreign investors.


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