Malaysian, Chinese Companies Make History With Signing Of 14 Agreements Worth US$34.32 Billion

From Hafizah Kamaruddin BEIJING, Nov 2 (Bernama) -- Malaysian and Chinese companies made history on Tuesday with the signing of 14 agreements worth US$34.32 billion (RM144 billion). Malaysian Prime Minister Najib Razak said the amount was the biggest ever recorded in conjunction with his official visit overseas, and it was 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, had witnessed the exchange of 14 business arrangements with proposed invesments estimated at US$34.24 billion (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 east Malaysian state 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 of Malaysia's Pahang state; 10. China Construction Bank (Malaysia) Bhd was granted a banking licence by the Minister of Finance under the Financial Services Act 2013; With an initial paid-up capital of US$200 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, the national trade promotion agency) 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. --BERNAMA