Malaysian group explores potential investment in Can Tho
On the afternoon of August 29, Chairman of the City People's Committee Tran Viet Truong hosted a meeting with Mr. Bobby Yeo Lam Jit, President of the Pavilion Group (Malaysia). Other participants from Can Tho side included Mr. Duong Tan Hien, Permanent Vice Chairman of the City People's Committee, leaders of Departments: Planning and Investment, Industry and Trade, Transportation, Construction, Culture, Sports and Tourism, Natural Resources and Environment, External Relations, Finance.
The city leaders and related departments briefed the Group about city planning and projects calling for investment in transportation and logistics infrastructure. The Group was also informed about major projects, including the agro-business hub and the airport city model.
Pavilion Group is a leading property development company in Malaysia, which was started in 1981. In recent years, Pavilion Group had established the strategic relationship with national investment funds such as Qatar Investment Authority and Canadian Pension Plan Investment Board, with total values of the two funds reaching more than 600 billion U.S. dollars.
The Group has had several major projects in public infrastructure in Malaysia, namely Kuala Lumpur International Airport, Bakun hydropower dam, national highway, and other projects in Bahrain, UAE, India, and Qatar.
Based on the portfolio of the Group, Can Tho City could offer the potential investment in highway projects, trade centers, airport and seaport logistics, as well as the city administrative area.
The city leader appointed the Department of Planning and Investment to be the focal point to work closely with Pavilion Group so that they could provide further information for the investor to study and consider.
After the meeting, Pavilion Group was guided on a site visit to venues of major projects planned in the city.