Perak forms advisory council to boost investments

IPOH: Perak is establishing an investment advisory council to stimulate investment activities in the state.

State Investment and Corridor Development Committee Chairman Datuk Seri Mohammad Nizar Jamaluddin said the council's function is to make Perak investment friendly and it would comprise seven professionals from multiple specialities.

The council members would include economist Dr Lim Teck Ghee and former Chief Executive Officer of the Perak Investment Manager Centre (InvestPerak), Datuk Ir Muhammad Hafni Ibrahim.

“They will advise me on matters pertaining to investment in the state and to enhance existing investments,” Mohammad Nizar told reporters here today.

He said the council's tasks include ensuring a conducive investment environment to encourage both local and foreign investors to come to Perak.

“Investors are willing to invest in any area, whether in health, education, agriculture or manufacturing.

“We invite them to come and discuss with the council as it is established to create a happy and successful investment environment,” he said.

Mohammad Nizar stressed that the role of the investment council would not conflict with that of InvestPerak.

“InvestPerak is the platform to initiate the process to attract investments and to place investors in the most suitable area.

“It will also assist investors to obtain approvals from relevant state departments and agencies, as well as implement the proposals from the investment council,” he added.

The investment council will convene its first meeting on June 26, 2018. — Bernama

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