Tuesday, April 7, 2020

Malaysia welcomes more FDI from Austria

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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]
Malaysia wants more foreign direct investment (FDI) from Austria, as well as strengthening bilateral ties between the two countries.

 

Prime Minister Tun Dr Mahathir Mohamad said many of Austria could offer to Malaysia, while at the same time Austria is a very good market for Malaysian products.

 

“We welcome more foreign direct investment from Austria. We know the volume is now not too big but important.

 

“Hence investments will increase the volume of trade between the two countries,” he told media at a joint press conference with the Chancellor of Austria Sebastian Kurz following a bilateral meeting at the Federal Chancellor’s Office on Monday.

 

The focus of the 40-minute discussion involves the economic potential of both countries.

 

Dr Mahathir said Austria was also involved in Langkawi’s cable car project, and he hoped that more Austrian citizens would visit Malaysia.

 

Many Malaysians who like music come here (Austria), “he said.

 

Meanwhile, Kurz, 32, the youngest leader in the world, said he was delighted to meet Dr Mahathir, who is the world’s oldest and most experienced leader.

 

“As a youngest leader, I learned a lot from him, I am grateful to be able to meet the most experienced and oldest leaders in the world. I thank him for taking the time to meet me.

 

“We see huge potential with Malaysia in the areas of energy and infrastructure. We can also work closely to improve relationships, and we need to improve bilateral and economic ties in the future, “he said.

 

Kurz said Austria’s investment in Malaysia amounted to € 860 million a year through 70 Austrian companies.

 

 

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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