Investments: Ministries to follow-up on 4 MoUs signed with Australian companies

Investments: Ministries to follow-up on 4 MoUs signed with Australian companies

08 Mar 2024

Prime Minister Datuk Seri Anwar Ibrahim has instructed the cabinet to follow up on four memoranda of understanding (MoUs) signed with Australian companies.

Communications Minister Fahmi Fadzil said Australian companies were seeking to invest RM24.5 billion during Anwar’s recently-concluded visit to the country.

“The prime minister has instructed cabinet members follow-up actions to be taken on the series either on the four MoUs or intention to invest including in expediting the (relevant) processes,” he said in a post-cabinet meeting press conference today.

Fahmi, who is also the unity government’s spokesman, said the prime minister also met leaders of other Asean countries, including Thailand, in bilateral meetings to discuss tourism.

He said the Tourism, Arts and Culture Ministry would follow-up on the rising costs and prices in Langkawi.

Among the major potential investors, Anwar said, were data management centre companies AirTrunk, with an investment value of RM11 billion, and NextDC with RM3 billion.

He said the investments would also open job opportunities to some 1,200 skilled workers in Malaysia.

Source: NST