PM urges state, local governments to be more investment-friendly

PM urges state, local governments to be more investment-friendly

07 May 2023

All state and local governments have been urged to be more effective in implementing investor-friendly measures.

Prime Minister Datuk Seri Anwar Ibrahim, in citing the Automotive High-Tech Valley (AHTV) in Tanjung Malim, Perak, said the collaboration between Geely Holdings and DRB-HICOM, as well as the research and development (R&D) activities there would encourage more automotive companies to provide facilities in Malaysia.

“I expect the AHTV plan to be realised as soon as possible. It will attract high technology manufacturing, high value-added activities and complex products,” he said at Proton’s 40th anniversary celebration and launch of Proton X90 today.

He said he would o discuss the matter with Perak Menteri Besar Datuk Seri Saarani Mohamad to ensure the ease of doing business at the AHTV, which will turn Tanjung Malim into an automotive focal point in the region.

During Anwar’s recent official visit to China, Malaysia received the highest investment commitment in history, amounting to RM170 billion from Chinese investors, as a result of the signing of 19 memoranda of understanding between Malaysian and Chinese companies.

Source: NST