French visit to yield RM4bil in potential investments, says Miti
KUALA LUMPUR : Malaysia is expected to reap RM4 billion in potential investments and RM675 million in potential exports following the trade and investment mission to France led by Prime Minister Anwar Ibrahim on July 4.
In a statement today, the investment, trade and industry ministry said Anwar met 40 representatives from France's industrial sector, with several companies expressing intention to invest in high-tech manufacturing, aerospace, renewable energy, tourism and hospitality, digital economy and sustainable infrastructure.
'As for potential exports, RM675 million was generated for high-impact sectors such as aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries.
'These are sectors targeted under the New Industrial Master Plan 2030 (NIMP 2030) and the Green Investment Strategy,' it said.
Miti said several companies also shared their intention to continue investing in Malaysia, driven by key factors such as a conducive, stable and dynamic investment ecosystem; encouraging global demand for Malaysian-made products; efficient domestic supply chains; a highly skilled workforce; and investor-friendly government policies.
The delegation included the minister, Tengku Zafrul Aziz, and representatives from the Malaysian Investment Development Authority (Mida) and Malaysia External Trade Development Corporation (Matrade).
Tengku Zafrul said the mission's overall success reflected the foreign companies' continued confidence in Malaysia's investor-friendly policies, supply chain ecosystem, competitiveness and economic growth potential.
'The investment and trade potential to be realised will also provide business opportunities for local companies, including small and medium enterprises, and more high-paying jobs for Malaysians.
'All these are key in driving our economic transformation agenda,' he said.
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