RM4bil investment, RM675mil export potentials secured in Anwar-led mission to France

New Straits Times

17 hours ago

KUALA LUMPUR: Malaysia has secured RM4 billion in potential investments and RM675 million in prospective exports from a high-level trade and investment mission to France, according to the Investment, Trade and Industry Ministry (Miti).
Led by Prime Minister Datuk Seri Anwar Ibrahim, the mission took place on July 4 and involved engagements with 40 French industry leaders.
Several companies expressed interest in investing in Malaysia across key sectors such as high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure.
The mission was part of Anwar's eight-day official working visit to Italy, France and Brazil, which ends on July 8.
He was accompanied by Miti Minister Tengku Datuk Seri Zafrul Aziz and officials from the Malaysian Investment Development Authority (Mida) and the Malaysia External Trade Development Corporation (Matrade).
Potential exports worth RM675 million were also recorded in high-impact sectors, including aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal products.
These sectors align with Malaysia's New Industrial Master Plan 2030 and Green Investment Strategy.
Tengku Zafrul said the mission's outcomes reflected foreign investors' confidence in Malaysia's economic direction and business environment.
"The overall success of this mission reflects many foreign companies' continued confidence in Malaysia's investor-friendly policies, supply chain ecosystem, competitiveness and economic growth potential," he said in a statement.
"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."
Miti said French companies were particularly drawn to Malaysia's stable and dynamic investment climate, skilled workforce, efficient supply chains, and strong global demand for its products.
The mission was also supported by several cabinet ministers, including those in charge of foreign affairs, transport, defence, agriculture, legal reform, and energy transition and water transformation.