KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim announced that his government has secured over RM200bil in investment commitments from his 17 working trips overseas since taking office last November. These commitments come from countries such as China, the United States, and the United Arab Emirates (UAE).
During the Prime Minister Question Time (PMQT) in the Dewan Rakyat on Tuesday (Oct 10), Anwar revealed that his visit to China in March resulted in potential investments worth RM170.7bil. This impressive figure includes RM100.33bil from roundtable sessions with industry players and Chinese business leaders, as well as RM69.74bil from the 19 Memorandum of Understanding (MoU) signed between Malaysian and Chinese companies during the trip. “This includes investments from Zhejiang Geely Holding Group Co Ltd (Geely),” he added. Anwar also disclosed that Geely would be accompanying him for a visit to Tanjung Malim related to the implementation of the major Automotive High Tech Valley project.
During his visit to New York last month, Anwar reported that potential investments totaling RM4.74bil had been attracted for Malaysia. These investments included contributions from notable entities such as Google, Boeing, Medtronic, Siemens Healthineers, and Alton Industry Ltd Group. Meanwhile, Anwar’s trip to the UAE also saw promising developments, with commitments for investments secured from UAE President Sheikh Mohamed Zayed Al Nahyan. The government managed to secure RM40.6bil in UAE investments, particularly in the renewable energy, logistics, and aerospace sectors. A notable contribution came from MASDAR, which pledged to invest RM37.8bil in a renewable energy project in Malaysia with a capacity of up to 10 gigawatts.
Anwar addressed concerns about the ease of doing business, stating that his government has implemented significant changes. These changes include the establishment of a one-stop center in the Ministry of Investment, Trade, and Industry, as well as the creation of the investment and trade action coordination committee under the Ministry and the Prime Minister’s Department. These measures aim to expedite project approvals and facilitate a more efficient business environment. Anwar made these remarks in response to a query about the outcomes of his international trips, the collaborations formed, and investor confidence.
Credit: The Star : News Feed
