Chinese companies urged to make Malaysia their gateway to ASEAN & Middle East

Malaysia has called on Chinese businesses to make the country its gateway to the vast ASEAN and Middle Eastern markets.

Speaking at the International Investment Forum held in conjunction with the 18th China International Fair for Investment and Trade (CIFIT) in Xiamen, Fujian province, Malaysian Prime Minister’s special envoy to China, Tan Sri Ong Ka Ting, made the call in welcoming Chinese companies to invest in Malaysia.

He told participants at the forum that Malaysia has a skilled, multilingual workforce, affordable cost of living, great connectivity and the cost of doing business in the country is extremely competitive.

Malaysia is represented by a 600-member delegation with representatives from the Ministry of International Trade and Industry, government agencies including the Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE), Malaysian businesses, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Malaysia-China Chamber of Commerce (MCCC).

A day prior to the opening of the fair, Tan Sri Ong chaired a round table meeting with 10 Chinese listed companies on potential investments in Malaysia. Representatives from MIDA including its Chief Executive Officer, Dato’Azman Mahmud and MATRADE were present.

Dato’Azman said the proposed projects from the Chinese companies ranging from automobiles, health products, energy saving non-metallic mineral products and satellite navigation, could amount to a possible total investment US$1.5 billion (RM4.7 billion).

Meanwhile, Malaysia is accorded the guest country of honour at CIFIT, which is the world’s largest international investment and promotion fair, with participation from 10 countries and territories.

This year, Malaysia and China commemorate the 40th anniversary of diplomatic ties.

Source: The Star 9 Sept 2014

Posted on : 09 September 2014
Last Updated : Wednesday 30th September 2020