Qew Group Bhd (QGB) proudly supports the strategic partnership between Communication 21 Media Group and Invest Kedah Berhad, endorsed by the ASEAN Chamber of Commerce and Industry (ACCI) and the Global Confederation of Belt and Road Economic Cooperation (GC-BREC). Formalized on 18 December 2024 through the signing of a Memorandum of Understanding (MoU), in conjunction with the Malaysia-China Summit 2024 – this partnership aims to position Kedah as a prominent regional investment hub, particularly by engaging investors from China.
The MoU outlines a comprehensive framework to promote Kedah’s potential in sectors such as manufacturing, renewable energy, and technology. It also seeks to foster cross-border partnerships between ASEAN and Chinese industries by leveraging platforms like ASEAN-Connect and the extensive networks of ACCI and GC-BREC. These efforts are expected to enhance Kedah’s industrial profile, attract global investors, and drive sustainable economic growth.
As a strategic partner of Invest Kedah Berhad, QGB is excited to contribute to this initiative through its flagship project—the QEW Smart Integrated Industrial Park in Bukit Kayu Hitam, Kedah. Envisioned as a comprehensive Halal Hub, this development is tailored to meet the evolving needs of industries across ASEAN and beyond.
“This partnership not only solidifies Kedah’s position as a premier investment destination but also provides an excellent platform to showcase 258 acres of industrial land to investors from China,” a QGB Group Chief Strategic & Investment (GCSI) Azwah Md Noor shared . “Leveraging on the support of Communication 21 Media Group and the China Chamber network, this initiative will help unlock substantial growth opportunities for the region.”
The collaboration is projected to result in the sale of 150 acres of industrial land, with an estimated gross development value of USD 65.3 million (approx. RM294 million). These proceeds will play a crucial role in expediting the development of the QEW Smart Integrated Industrial Park, slated to begin construction in the first quarter of 2025.
Through initiatives like ASEAN-Connect and China-To-ASEAN, spearheaded by Invest Kedah Berhad and Communication 21 Media Group, Kedah will continue to be promoted as a high-potential investment hub. The involvement of ACCI and GC-BREC further strengthens the cross-border relationships between ASEAN and Chinese industries, fostering long-term economic ties.
“This collaboration is a testament to the shared commitment of all stakeholders to driving sustainable and inclusive economic development in the region,” Azwah, added.
Qew Group said it is honored to play a key role in this transformative partnership, paving the way for Kedah’s rise as a key player in the ASEAN, ASIAN & Global investment landscape
The post Qew Group Advances Kedah’s Potential with Strategic Partnership in Logistics and Industrial Development first appeared on Logistics Asia.