Potential RM4bil investments from Anwar's visit to France, says Zafrul

The Star

13 hours ago

PETALING JAYA: Malaysia has successfully attracted potential investments worth RM4bil from French companies, following Prime Minister Datuk Seri Anwar Ibrahim's recent visit, says Datuk Seri Tengku Zafrul Aziz ( pic ).
The Investment, Trade and Industry Minister said representatives from the Malaysian Investment Development Authority (Mida) and the Malaysia External Trade Development Corporation (Matrade) were also part of the Malaysian delegation led by Anwar.
During the visit, Anwar met with 40 representatives from French industry.
"Several French companies expressed the intention to invest a cumulative value of RM4bil in sectors such as high-tech manufacturing, aerospace, renewable energy, tourism and hospitality, digital economy and sustainable infrastructure.
"As for potential exports, RM675mil was generated for high-impact sectors such as aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and the halal industry," it said in a statement on Sunday (July 6).
All these are sectors targeted under the New Industrial Master Plan 2030 (NIMP 2030) and Green Investment Strategy. Companies 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," it added.
Meanwhile, Tengku Zafrul said the overall success of this mission reflects the continued confidence of many foreign companies 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 Madani economic transformation agenda," he said.
The visit was part of the Prime Minister's official working visit to Italy, France and Brazil from July 1 to 8.