SHAH ALAM: The National Transformation Programme has contributed towards making Malaysia an attractive destination for foreign investors.
Prime Minister Datuk Seri Najib Razak said the proof can be seen from the Foreign Direct Investment (FDI), which has increased over the years.
He said FDI, which stood at RM5.1 billion in 2009, increased to RM41 billion in 2016.
“This figure does not include potential new investments, which we are expected to receive through the 14 MOUs signed with China worth RM144 billion.
“All this is possible through our close friendship with China, which profits both nations,” he said in his speech at the presentation of the National Transformation Programme 2016 annual report, here tonight.
Najib said the gvernment’s efforts did not stop there and 2017’s start was brightened up by the RM31 billion investment in the refinery and petrochemical integrated development project (Rapid) in Johor by Saudi Aramco.
“This amounts to the largest foreign investment in Malaysia’s history,” he said.
Najib said the government is also seeking to increase Malaysia’s economic valuation and current trade from RM1.3 trillion now to RM2 trillion by 2025.