ID :
123206
Thu, 05/20/2010 - 13:26
Auther :
Shortlink :
https://oananews.org//node/123206
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PM:STRONG INVESTMENT SIGNALS RECEIVED FROM MIDDLE EAST COUNTRIES
KUALA LUMPUR, May 20 (Bernama) -- Strong positive signals are beginning to be received from Middle-East countries to invest in Malaysia, said Prime Minister Najib Tun Razak.
He said the Qatar Investment Authority had recently committed a US$5
billion investment in the country, reportedly, to tap, among others, the energy
sector as well as strategic real estate development in the Klang Valley.
A memorandum of understanding (MoU) between the QIA and 1Malaysia
Development Bhd (1MDB) was signed on May 14.
The MOU provides a framework for facilitating investment cooperation between
the two entities to explore, evaluate and implement investment opportunities in
Malaysia.
"I have got more investment signals from the Middle-East that I will
announce from time to time," he told reporters at the groundbreaking ceremony of
Utusan Melayu's new headquarters building here Thursday.
He said the United Arab Emirates (UAE) was among the other Middle East
country that had shown keen interest to invest here.
The Prime Minister also said foreign investments, overall, were on an
upward trend, citing Western Digital's announcement of RM1.2 billion
(US$366,579)investment.
Its President and Chief Executive Officer John F. Coyne said on
Tuesday its new investment would involve the construction of a new 1.5
million square feet multi-storey building for research, development and
manufacture of magnetic head, media components and hard disk drives.
Accordingly, up to 10,000 additional jobs, involving a substantial
number of
high-qualification jobs, 100 PhD holders, 1,000 degree holders, 3,000 diploma
and certificate holders will be created at the facility over time.
He said the Qatar Investment Authority had recently committed a US$5
billion investment in the country, reportedly, to tap, among others, the energy
sector as well as strategic real estate development in the Klang Valley.
A memorandum of understanding (MoU) between the QIA and 1Malaysia
Development Bhd (1MDB) was signed on May 14.
The MOU provides a framework for facilitating investment cooperation between
the two entities to explore, evaluate and implement investment opportunities in
Malaysia.
"I have got more investment signals from the Middle-East that I will
announce from time to time," he told reporters at the groundbreaking ceremony of
Utusan Melayu's new headquarters building here Thursday.
He said the United Arab Emirates (UAE) was among the other Middle East
country that had shown keen interest to invest here.
The Prime Minister also said foreign investments, overall, were on an
upward trend, citing Western Digital's announcement of RM1.2 billion
(US$366,579)investment.
Its President and Chief Executive Officer John F. Coyne said on
Tuesday its new investment would involve the construction of a new 1.5
million square feet multi-storey building for research, development and
manufacture of magnetic head, media components and hard disk drives.
Accordingly, up to 10,000 additional jobs, involving a substantial
number of
high-qualification jobs, 100 PhD holders, 1,000 degree holders, 3,000 diploma
and certificate holders will be created at the facility over time.
