PM Anwar Asks German, European Companies to Invest in Malaysia

Fri Mar 15 2024
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BERLIN: Prime Minister Datuk Seri Anwar Ibrahim has invited German and European companies to invest in Malaysia.

He was making a keynote address at the SME Day in Berlin. He said Malaysia is open to German firms, as well as businesses across Europe, to engage, invest, and collaborate with a strategic, dynamic and growing Malaysia.

The Prime Minister said Malaysia has a modern infrastructure, skilled labour force, a regulatory atmosphere and huge growth potential.

The event was organised by the German Association for Small and Medium-sized Businesses (BVMW), at the Berlin Station. About 5,000 prominent government and corporate figures attended the event.

Prime Minister Anwar said Malaysia is economically fit for the 21st century and the perfect partner for German businesses firms.

Anwar, who is on a six-day official tour to Germany said Malaysia provides the European state with a strategic gateway into the wider Asean market.

He added Asean is set to become as the world’s fifth-largest economy by 2030.

Germany, over the past decade, has remained Malaysia’s top European partner in trading, while Malaysia is Germany’s largest trading partner in Asia.

Anwar, who is also the finance minister of Malaysia, said foreign investors can benefit from various imitative taken by the government in doing of business.

He added that more than 700 German companies are functioning in Malaysia, including Infineon, Siemens, and Volkswagen. He said German firms can work together with Malaysian companies to develop renewal energy.

The prime minister also said Malaysia is a tourism hub, saying that the country is rich with forests and beaches that accessible throughout the year.


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