DRB-Hicom investing RM32b to develop Automotive High-Technology Valley — PM

19 Mar 2022

The government has announced a new investment of RM32 billion from DRB-Hicom Bhd to develop the Automotive High-Technology Valley in Proton City, Tanjung Malim, Perak.

Prime Minister Datuk Seri Ismail Sabri Yaakob said the investment from DRB-Hicom would create 370,000 jobs during the development phase and 161,000 during the operational phase.

He said the performance of government-linked companies and government-linked investment companies improved in 2021.

“For example, Petronas recorded a profit of RM48.6 billion [for 2021] against a loss of RM1.137 billion for 2020.

“The Employees Provident Fund distributed a 6.1% dividend, while Lembaga Tabung Angkatan Tentera 4.1%. These two dividends are the highest since 2018,” he said during the winding-up session of the Umno vice-presidents at the Umno 2022 General Assembly here on Saturday (March 19).

Source: Bernama