Hebei Xinwuan Steel and MCC signs MoU

Hebei Xinwuan Steel and Metallurgical Corporation of China (MCC) signed a Memorandum of Understanding (MoU) at the Ministry of Industrial and Entrepreneur Development, Trade and Investment today.

The MoU, signifying cooperation between the two companies is set to bring a potential investment worth more than RM12 billion in Samalaju Industrial Park, Bintulu.

During the signing, YB Datuk Amar Haji Awang Tengah Ali Hasan explained to the investors that the Samalaju Industrial Park already has all the needed infrastructure in place including roads, water, electricity and ports for the company to import/export both raw materials and products.

The potential investment will be initiated in three phases and will be the largest single investment in the SCORE area to date.

Other notable figures during the signing included Assistant Minister for Industrial Development (Investment & Promotion) Sarawak YB Datuk Haji Julaihi bin Haji Narawi, Assistant Minister for Entrepreneur Development Sarawak YB Datuk Haji Mohd Naroden bin Haji Majais, MIETI Permanent Secretary Datu Liaw Soon Eng, RECODA CEO Tan Sri Datuk Amar Wilson Baya Dandot, Sarawak Energy Bhd CEO Sharbini Suhaili, MIDA Sarawak Director Redzuan Abd Rahman and Bintulu Development Authority General Manager Rodziah Haji Morshidi.