BUKIT KAYU HITAM: Kedah is poised to receive investment in green vehicle technology and defence equipment industries worth RM1.5 billion, Menteri Besar Muhammad Sanusi Md Nor (pix) said.
He said the high impact project could propel the state to become a green technology vehicle assembly hub and major defence industry in Southeast Asia.
âThe project will be handled by two large companies, namely Go Auto Group and Flumen Holdings Sdn Bhd which also has overseas business networks.
âBoth companies are major players in the energy-efficient vehicle (EEV) and green technology industry as well as being involved in the supply of defence equipment and information technology,â he told reporters after a get-together ceremony with residents of Felda new generation housing in Felda Laka Selatan here, yesterday.
He said Go Auto already has an automotive plant operating in Gurun since 2015 and the company is producing EEV under the Haval and Borgward brands, commercial van with Higer technology, as well as electric bus under its own brand, Go Auto.
Muhammad Sanusi said the investment was expected to create more than 8,000 new job opportunities and brought in the worldâs leading automotive and defence players.
Meanwhile, he said both companies would team up to own an 80 percent shareholding in Darul Aman FC Sdn Bhd (DFC) under a 5+5 years concession subject to agreement.
âFor the shareholding in DFC, they will set up a special purpose company which will be signed later.
âThe selection of these two companies is based on the track record and financial potential, independent football business development planning, as well as bringing in high impact value and investment activities to Kedah,â he added. â Bernama
