Anwar: Govt secured over RM200bil in investment commitments from official overseas trips
KUALA LUMPUR: Since taking office last November, Prime Minister Datuk Seri Anwar Ibrahim said the government has managed to secure over RM200bil in investment commitments from his 17 working trips overseas.
These included investment commitments 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 said his visit to China in March resulted in potential investments worth RM170.7bil.
These included RM100.33bil in investment commitments from roundtable sessions with industry players and Chinese business leaders as well as RM69.74bil from the 19 Memorandum of Understanding (MoU) inked between Malaysian and Chinese companies during the trip.
“This includes investments from Zhejiang Geely Holding Group Co Ltd (Geely),” he said.
“God willing, tomorrow (Oct 11) Geely will be with me for a visit to Tanjung Malim, in relation to the implementation of the major Automotive High Tech Valley project,” he told the Dewan Rakyat.
ALSO READ: PM Anwar, Turkiye president Erdogan discuss Palestine issue
“This disputes claims that the (investment) announcements may not materialise. In this case it happened.
“The same goes with (Tesla). Elon Musk has given assurance that the headquarters in Cyberjaya will be completed within this month,” he added.
As for his visit to New York last month, Anwar said the US trip attracted some RM4.74bil in potential investments for Malaysia including from Google, Boeing, Medtronic and Siemens Healthineers and Alton Industry Ltd Group.
“The UAE trip saw very good developments because during the trip we got commitments from the UAE President Sheikh Mohamed Zayed Al Nahyan for investments,” he said.
The government was able to secure RM40.6bil investment commitments from UAE including in renewable energy, logistics and the aerospace sectors.
ALSO READ: PM Anwar visits Masdar City in Abu Dhabi
“The biggest investment was from MASDAR for a renewable energy project in Malaysia with a capacity of up to 10 gigawatt worth RM37.8 bil,” he said.
Anwar said there had been concerns over the ease of doing business.
“Therefore, we have made drastic changes not just through a one-stop centre in the Investment, Trade and Industry Ministry but also through the setting up of the investment and trade action coordination committee under the Investment, Trade and Industry Ministry (Miti) and the Prime Minister’s Department.
“This will ensure that project approvals are expedited,” he added.
He was responding to Tan Kar Hing (PH-Gopeng) on the outcome of Anwar’s international trips, cooperations forged and investor’s confidence.
Leave a Reply