: Prime Minister Datuk Seri Anwar Ibrahim’s recent working visit to Saudi Arabia has been successful not only in terms of investments but also in building confidence in Malaysian companies to ensure they are given opportunities to participate in large projects in the kingdom.
The Prime Minister said he also took the opportunity to explain to interested investors about Malaysia as well as its initiatives and the available incentives. “In the case of Saudi Arabia, there is support from the kingdom’s Crown Prince and Prime Minister Mohammed bin Salman for energy company ACWA Power to green-light investments worth more than US$10 billion starting in Melaka and Kerian and perhaps at one or two other locations of their choice,” he said.“We have also requested that they take a look at our capable companies not only in investments but also for them development, construction and information technology contracts in Saudi Arabia.
Launched in 2017, Neom is a mega project being built in the Tabuk region in northwestern Saudi Arabia.To recap, the Prime Minister undertook a three-day working visit ending Monday to Riyadh to attend the World Economic Forum Special Meeting.He was accompanied by Foreign Affairs Minister Datuk Seri Mohamad Hasan and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
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