RM8.13bil in potential investments from Italy trip, says Anwar
PETALING JAYA : Prime Minister Anwar Ibrahim said Malaysia has secured RM8.13 billion in potential investments following an economic roundtable and meetings during his three-day official visit to Italy which concluded today.
Bernama reported that the potential investments span the petrochemical, machinery and equipment, electrical and electronics, and oil and gas services sectors.
Anwar met representatives from 23 companies in manufacturing, nine in services, five government agencies, two industry groups, and two trade organisations during his trip.
The engagements are expected to generate RM425 million in potential exports involving oleochemical products, renewable energy, biofuel feedstock, animal feed additives, and food products.
During a bilateral meeting with Italian prime minister Giorgia Meloni, both leaders agreed to strengthen cooperation in energy, solar power, geothermal, and hydrogen sectors.
Notable collaborations include a Petronas–Eni SpA joint venture in Johor on sustainable aviation fuel (SAF), a partnership between Perodua and Magna Steyr on electric vehicle batteries, and investment in modernising Malaysia's electricity grid, including links to the Asean Power Grid.
Anwar also urged Italy to recognise the Malaysian Sustainable Palm Oil (MSPO) certification, requested Italian support for a fairer implementation of the EU Deforestation-Free Products Regulation (EUDR), and expressed Malaysia's aim to be classified as 'low risk' in the EU's deforestation benchmark by 2026.
He also sought Italy's support to conclude the Malaysia-EU Free Trade Agreement (FTA) negotiations.
Malaysia–Italy trade rose 2% to US$3.18 billion (RM14.61 billion) last year.
Meanwhile, Anwar said Malaysia intends to purchase maritime patrol aircraft, helicopters and naval vessels from Italy to bolster its national security capabilities.
Bernama reported that the acquisition would include two maritime patrol aircraft, as well as 28 Leonardo AW149 helicopters, while Italian shipbuilder Fincantieri is expected to supply multi-role support ships and littoral mission ships.
Anwar said these defence assets would help strengthen Malaysia's long-standing bilateral ties with Italy, which is renowned for its advanced military industry.
Anwar arrived in Rome on Tuesday for a maiden official visit at Meloni's invitation.
Anwar is also visiting France and Brazil, as part of Malaysia's ongoing efforts to strengthen bilateral relations and promote economic cooperation at the global level.
Among others, Anwar is scheduled to meet with French president Emmanuel Macron.
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