ID :
177083
Thu, 04/21/2011 - 14:15
Auther :
Shortlink :
https://oananews.org//node/177083
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DPM INVITES CHINESE COMPANIES TO EXPLORE INVESTMENT OPPORTUNITIES IN M'SIA
By Ng Che Yean
SHANGHAI, April 21 (Bernama) -- Deputy Prime Minister Muhyiddin Yassin has invited Chinese companies to explore investment opportunities in Malaysia.
He told Chinese captains of industry here Thursday that the Malaysian government had identified 131 entry point projects worth more than US$138 billion for implementation over the next nine years.
The goal was turn Malaysia into a developed and high-income country by 2020, he said.
"I believe, among these entry point projects, there will be many projects that Chinese companies, in partnership with Malaysian companies, can explore.
"Some of these projects are business services, education, healthcare, electrical and electronics, green technology, renewable technology and information communication technology," he said.
He said Malaysia would also continue to welcome Chinese investments both in the manufacturing and services sectors, particularly in high technology, value-added and knowledge-based activities.
He said the vibrant business environment and the well-developed industry structure and infrastructure in Malaysia would be continuously enhanced to ensure that Malaysia remain a competitive location for foreign investors.
"In response to the increased interest from Chinese investors, the Malaysian Investment Development Authority is currently in active discussions with Chinese companies that have initiated projects in the metal, chemical, transport, electronics and electrical, automative and food sectors," he added.
Muhyiddin also said he was looking forward to meeting with Chinese Premier Wen Jiabao who would be visiting Malaysia on April 27-28.
Bilateral trade between Malaysia and China recorded an increase of 21.7 per cent from US$36 billion in 2009 to US$46 billion in 2010. China remains Malaysia's largest trading partner while Malaysia is China's 8th largest global trading partner.
There are more than 120 companies with Chinese interest operating in Malaysia with a total capital investment of more than US$250 million.
SHANGHAI, April 21 (Bernama) -- Deputy Prime Minister Muhyiddin Yassin has invited Chinese companies to explore investment opportunities in Malaysia.
He told Chinese captains of industry here Thursday that the Malaysian government had identified 131 entry point projects worth more than US$138 billion for implementation over the next nine years.
The goal was turn Malaysia into a developed and high-income country by 2020, he said.
"I believe, among these entry point projects, there will be many projects that Chinese companies, in partnership with Malaysian companies, can explore.
"Some of these projects are business services, education, healthcare, electrical and electronics, green technology, renewable technology and information communication technology," he said.
He said Malaysia would also continue to welcome Chinese investments both in the manufacturing and services sectors, particularly in high technology, value-added and knowledge-based activities.
He said the vibrant business environment and the well-developed industry structure and infrastructure in Malaysia would be continuously enhanced to ensure that Malaysia remain a competitive location for foreign investors.
"In response to the increased interest from Chinese investors, the Malaysian Investment Development Authority is currently in active discussions with Chinese companies that have initiated projects in the metal, chemical, transport, electronics and electrical, automative and food sectors," he added.
Muhyiddin also said he was looking forward to meeting with Chinese Premier Wen Jiabao who would be visiting Malaysia on April 27-28.
Bilateral trade between Malaysia and China recorded an increase of 21.7 per cent from US$36 billion in 2009 to US$46 billion in 2010. China remains Malaysia's largest trading partner while Malaysia is China's 8th largest global trading partner.
There are more than 120 companies with Chinese interest operating in Malaysia with a total capital investment of more than US$250 million.
