Malaysia to draw more investments from China

Source：Ringier Release Date：2012-06-26 359

Metalworking

Malaysia aims to lure more investments from China, particularly in the field of steel manufacturing, transportation, construction and telecommunications under the country's Economic Transformation Programme, says Deputy Prime Minister Tan Sri Muhyididn Yassin.

He said Malaysia welcomed multinational companies from China to undertake the RM8 billion Gemas to Johor Bharu Electrified Double-Tracking project that would span over 197 kilometres.

Muhyiddin noted that bilateral trade between Malaysia and China has increased five folds over the last ten years. He said Malaysia today was China's biggest trading partner in the South East Asian Region with trade volume amounting to more than US$54 billion or RM165 billion this year.

Originals