M'sia Looks To Qatar For Investment In Third National Car Project

KUALA LUMPUR, Dec 18 (Bernama) – Federal Territories Minister Khalid Abdul Samad Monday clarified that the party with potentials to invest in the third national car project is Qatar, and not any individual from the gulf nation as reported Sunday. He pointed out that the nation had funds amounting to US$400 billion to be invested worldwide including Malaysia. "Now it is up to us to attract investments or funds so that the people of Qatar or its government will invest in Malaysia. Among the projects proposed to receive the investment is the third national car project,”he told reporters at the Parliament lobby Monday. Khalid said in order to attract foreign investors, Malaysia must show that the country had attractive projects, and the high technology automotive industry was a good choice for this purpose. He said the third national car project mooted by Prime Minister Dr Mahathir Mohamad must be a private sector initiative which was open to investors including from Qatar. -- BERNAMA