Geely to invest RM45.6 billion to turn Tanjung Malim into the region’s largest auto city – PM Anwar Ibrahim

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Anwar also said Saudi Arabian oil and gas company Aramco will focus on its investment and operational expansion in Malaysia. “Aramco CEO Amin Nasser has informed me that Aramco is comfortable with the government’s policies and leadership and has decided to make Malaysia the hub for Saudi Arabia’s O&G expansion in Southeast Asia,” he explained.

“Coincidentally, the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, who performed the haj (recently) and sat next to Saudi Crown Prince Mohammed Salman Al Saud, related that the central focus of Saudi Arabia’s Asian investments is in Malaysia,” he continued.

Malaysia’s prime minister noted the country recorded commendable economic performance in the first quarter of 2023 with a 5.6% growth, which compared favourably against China, Singapore and Indonesia. He added that Malaysia has attracted some RM71 billion worth of approved investments in the first three months of this year. “This figure excludes the investments from (Tesla CEO) Elon Musk, Aramco and Geely,” he pointed out.

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