MALAYSIA INCENTIVES ENCOURAGE GLOBAL TRADE
At last week’s Invest Malaysia 2013 conference, Kuala Lumpur’s Prime Minister, Datuk Seri Najib Tun Razak, announced that the Global Incentives For Trading (GIFT) programme has been widened to include both resident and non resident companies. The GIFT programme is a set of incentives designed to attract global petroleum trading companies to use Malaysia as a regional base to enter Chinese, Indian and Southeast Asian markets.
Aquaterra Energy sees huge potential in the region and the recent opening of its office in Kuala Lumpur signalled its commitment to being at the very centre of industry developments there. The expertise and offshore experience the company has gained in other parts of the world are in high demand across Asia-Pacific and the company’s regional office will draw on this experience and the support of its central team to deliver a full range of products and services in its four business streams: riser systems, offshore structures, hydraulic systems and equipment rental and service.
Ken Crawford, General Manager of Aquaterra Energy Asia Pacific, welcomes news of the extended GIFT programme which should bolster the government’s aim of establishing Malaysia as a regional energy hub. Crawford said: “It is exciting to be developing our business in an environment where potential for growth and industry leadership is enthusiastically recognised and supported by the government.”