Wednesday, October 28, 2020

Dr Mahathir: UK aircraft design firm to invest in Malaysia

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Investors in the United Kingdom (UK) have been optimistic about the potential of the Malaysian economy, also expressed their interest in investing in Malaysia, Prime Minister Dr Mahathir Mohamad said.

“I have taken advantage of the opportunity here to identify what British business can contribute to us, what they want and what we can do to attract their investments,” said Dr Mahathir at a press conference on the last day of his three-day working visit to the UK.

Commenting further, the Prime Minister said at a roundtable session with UK investors earlier on, many have shown interest in investing in Malaysia including an aircraft design firm who also shares investment proposals in certain areas.

He however did not disclose the identity of the company because the matter was still in the proposal stage.

Dr Mahathir had previously attended a roundtable session with 50 leading companies and business institutions organized by the Malaysian Investment Development Authority (MIDA) and the Malaysia External Trade Development Corporation (MATRADE) here.

The Prime Minister also hopes that companies that show interest in Malaysia’s potential will continue to invest in Malaysia or establish joint ventures for the benefit of the country.

Clearly, Dr Mahathir, the government will also seek ways to make Malaysia competitive and able to reduce the country’s debt.

In fact, upon his return to Kuala Lumpur, he will submit a proposal to the Cabinet on the sale of several government-owned assets.

When asked about the assets, the Prime Minister said: “We have a lot of assets, we have land, services, government companies, facilities or institutions whose benefits can be achieved through private sector involvement.”

Read also: I keep my promise to hold the office for Two years, says Dr Mahathir

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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