Invest Malaysia 2019 Conf. opens in Malaysia

KUALA LUMPUR, The 15th version of the Invest Malaysia 2019 Conference kicked off in Malaysia on Tuesday, attracting leading local, regional and international businesses.

Addressing the two-day event, Malaysian Prime Minister Mahathir Mohamad said his government will continue to attract high value-added and high technology investments, especially within the manufacturing sector, to complete the value chain in the ecosystem of targeted industries.

He said while welcoming foreign investments from all world countries to implement major investment ventures, Malaysia is keen to ensure balanced joint benefits, and to obtain strategic advantages.

He added that his country is tied with friendly economic bonds with all its partners, particularly those with which it has strong economic and investment ties.

On investment opportunities, the Malaysian prime minister said the government focuses on the aerospace industry, chemicals, equipment and electronics.

“We aim to become the leading aerospace nation in Southeast Asia and to be an integral part of the global market by 2030,” he said.

He pointed out that the focus on services sector would be in tourism, private healthcare and professional services, retail as well as food and beverages.

Mohamad added that his government is keen on encouraging local businesses to boost their capabilities in relevant realms by working with multinational and transnational companies.

Jointly organized by Bursa Malaysia Bhd and Malayan Banking Bhd with the theme “Ambition, Purpose, Clarity”, the two-day Invest Malaysia 2019 attracts over 1,000 local, regional and world officials and CEOs, mainly Thailand, Japan, Singapore, Hong Kong, the US and the UK.

Source: Kuwait News Agency