Malaysia-China sign historic 14 agreements worth RM144b

PM Najib Razak says it is the biggest ever recorded with his official visit overseas and a historic achievement for both countries.

BEIJING: Malaysian and Chinese companies made history today with the signing of 14 agreements worth RM144 billion.

Prime Minister Najib Razak said the amount was the biggest ever recorded in conjunction with his official visit overseas, making it a historic achievement.

“My official visit to China this time has brought very encouraging results and this achievement brings the bilateral relations between Malaysia and China to a higher level, a new high,” he told Malaysian journalists here Tuesday.

Najib who is on a six-day official visit to China beginning Monday, witnessed the exchange of 14 business arrangements with proposed investments estimated at RM143.64 billion held at the Malaysia-China Business Forum here on Tuesday.

The agreements and memoranda of understanding comprise:

1.Engineering, Procurement, Construction and Commissioning Agreement between Malaysia Rail Link Sdn Bhd, China Communications Construction Company Limited (CCCC) and China Communications Construction Company (M) Sdn Bhd (CCCCM).

2. Memorandum of Agreement for Investment, Development and Construction of Melaka Gateway Project (KAJ Development and Power China).

3. Heads of Agreement between Bandar Malaysia Sdn Bhd and Greenland Holdings Group Overseas Investment Company Limited in respect of the Proposed Purchase of Land and Development thereon in Bandar Malaysia.

4. Heads of Agreement between Selat PD Sdn Bhd and CCCC Dredging (Group) Co Ltd.

5. Framework Cooperation Agreement between the State Government of Sarawak, Hebei Xinwuan Steel Group and MCC Overseas Limited on the Proposed Development of Steel Plant in Sarawak.

6. Memorandum of Agreement between KAJ Development Sdn Bhd, Power China, Shenzhen Yantian Port and Rizhao Port for partnership collaboration on Melaka Gateway Port.

7. Heads of Agreement for the Bandar Malaysia Financial Scheme between IWH CREC Sdn Bhd and Industrial and Commercial Bank of China (ICBC).

8. Memorandum of Understanding between East Coast Economic Region Development Council (ECERDC) and Wuxi Suntech Power Co Ltd for Production of Crystalline Silicon Solar Cells and Module within the Malaysia-China Kuantan Industrial Park.

9. Memorandum of Agreement between BHS Industries Bhd and China Nuclear Huaxing Construction Co Ltd for Green Technology Park in Pekan, Pahang, Malaysia.

10. Granting of banking licence to China Construction Bank (Malaysia) Bhd by the Minister of Finance under the Financial Services Act 2013. With an initial paid-up capital of USD200 million, China Construction Bank will be able to provide infrastructure financing to support Malaysia’s infrastructure development.

11. Memorandum of Understanding between Yanming Resources Sdn Bhd and Fuzhou Xin Zibu Culture Communication Co Ltd for the Growth and Development of Bird’s Nest Market in China.

12. Memorandum of Understanding between Malaysia External Trade Development Corp (Matrade) and Alibaba.com.

13. Research and Development Collaboration Agreement between Royal Bird’s Nest, Walet Company-International Private Limited Company and Peking University on Standardisation of Edible Bird’s Nest Extract and Medical Properties for Pharmaceutical Drug Discovery.

14. Memorandum of Understanding between Aladdin Group Sdn Bhd and Suzhou Lian Cheng Yihao Information Technology Co Ltd.