ID :
110651
Tue, 03/09/2010 - 17:00
Auther :

NORWEGIAN COMPANIES INVITED TO INCREASE THEIR INVESTMENTS IN MALAYSIA

PUTRAJAYA, March 9 (Bernama) -- Norwegian companies have been invited to venture into research and development activities as well as cooperate with Malaysian companies in the manufacturing and services sectors including the fields of information communication technology (ICT), machinery and engineering support and biotechnology.

Prime Minister Najib Tun Razak made this call in his speech
during dinner held at the Sri Perdana complex here in honour of visiting Crown
Prince Haakon Magnus and his wife Crown Princess Mette-Marit.

He said the Norwegian companies would be useful in offering help
particularly during the 10th Malaysia Plan to promote broad-based investment in
human capital.

This will enable the country to move up the value chain and spur innovation
and creativity.

"I hope that the Malaysia-Norway business seminar to be held tomorrow, will
lead to the opening of broader business opportunity for our two countries.

"I would like to take this opportunity to invite Norwegian companies to
increase their investments in Malaysia," he said.

Najib said the companies could fully utilise the many incentives offered by
the Malaysian government to foreign investors especially in areas where Norway
has acquired a competitive advantage.

"In Malaysia's quest for new sources of growth, Norwegian companies could
capitalise on our condusive investment climate and strategic network of market
in the Asia Pacific region," he said.

Najib added there was a strong desire between the two countries to
build on the strength of their relationship while respecting the uniqueness of
their respective cultures.

Malaysia, he said, in its efforts to achieve a higher-income economy,
definitely could benefit from Norway's leading role in ICT, green
technology, the development of small and medium enterprises and care
for the environment.

"We note with great admiration, Norway's commitment to preserve global
peace and security.

"This commitment is higher visible through their participation in
peace-keeping missions such as in the Middle East, Afghanistan and Africa."

He said Malaysia too, despite its limited capacity, was truly
committed to playing a meaningful role on the international arena through its
participation in several United Nation's peace-keeping missions.

"Malaysia can work closely with Norway in developing suitable trilateral
arrangements to develop programmes on technical assistance to developing
countries through the Malaysian Technical Cooperation Programme (MTCP).

"I believe there are ample opportunities for our two countries to explore
and extend our cooperation to assist countries of the south," he said.

Also present at the dinner were Malaysia's first lady Rosmah
Mansor, Minister of Women, Family and Community Development Shahrizat
Abdul Jalil, Deputy Foreign Minister A. Kohilan Pillay and International Trade
and Industry Deputy Minister Mukhriz Mahathir.

--BERNAMA

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