Negeri Sembilan allows foreign firms to own leasehold and freehold industrial land | EdgeProp.my
SEREMBAN (July 2): The Negeri Sembilan state government has decided to allow foreign companies to own leasehold and freehold industrial land worth RM2 million and above.
State Investment, Industrialisation, Entrepreneurship, Education and Human Capital committee chairman Datuk Mohamad Rafie Ab Malek said the decision was reached in the executive committee (Exco) meeting yesterday and is a new requirement introduced after revising the existing terms.
“It is also aimed at boosting foreign investment in the state, and ownership is only allowed for companies and manufacturers registered with the Ministry of International Trade and Industry (Miti),” he told reporters after the Exco meeting here yesterday.
Previously, foreign companies were only allowed to buy leasehold land of the same value.
Monday, 6 July 2020
Negeri Sembilan allows foreign firms to own leasehold and freehold industrial land | EdgeProp.my
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