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Foreign luxury carmaker to invest in Malaysia — Azmin

Foreign luxury carmaker to invest in Malaysia — Azmin

26 Mar 2021

Malaysia will once again become a high-tech investment focus destination when it will soon receive investment from a foreign company for the production of luxury cars.

Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said he, however, would not disclose the name of the company but the company has agreed to open its first overseas plant in Malaysia.

“This is about precision engineering which means that one of the most expensive carmaker in the world will be in Malaysia,” he said during a question and answer session at the Selangor State level Rapat Malaysia Prihatin programme here today.

He said there are ASEAN countries that have big population and could attract investments that are labour intensive.

“But Malaysia can’t offer that, so we must ensure our human capital have high-quality technological skills to move forward,” he added.

Source: Bernama