Govt support, AHTV proof of Malaysia facilitating investments — PM Anwar

11 Oct 2023

The government’s support and the smooth implementation of the Automotive High Tech Valley (AHTV) project are prime examples of Malaysia’s approach to efficiently and expeditiously facilitating investments.

In a Facebook post, Prime Minister Datuk Seri Anwar Ibrahim said the AHTV project is set to transform Tanjong Malim into a global automotive hub for new energy vehicles, and its scope will be broadened to include talent development, research and development, and urbanisation.

The AHTV is a mega project involving a RM32 billion investment, spearheaded by Zhejiang Geely Holding Group Co Ltd and DRB-Hicom Bhd.

Earlier on, the Prime Minister chaired a meeting on the project, which was attended by Perak Menteri Besar Datuk Seri Saarani Mohamad, Investment, Tade, and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz; and Science, Technology, and Innovation Minister Chang Lih Kang.

“After the meeting, I witnessed the signing of the Collaboration Agreement between DRB-HICOM and Geely as a commitment from both parties in making AHTV a success,” he said.

Anwar also witnessed the signing of the main principles of the agreement between Altel and Geespace Technology, Geely’s strategic investment company, which focuses on developing and implementing high-tech systems, catalysing innovative solutions for sectors like smart ports.

Source: Bernama