Dr M invites Turkish companies to invest in three core sectors

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ISTANBUL (Bernama): There are three core sectors in Malaysia that Turkish companies can invest or collaborate with local partners, namely aerospace, automotive, machinery and equipment (M&E), says Tun Dr Mahathir Mohamad.

The Prime Minister said in the aerospace sector, Malaysia was targeting to be the leading aerospace nation in the Asean region and to tap the global market by 2030.

For the automotive sector, Dr Mahathir said Malaysia also aimed to become an energy efficient vehicle hub, and invited Turkish companies to join in this venture. "Malaysia welcomes companies from Turkey to invest in or to work with Malaysian entities with capabilities and high technology,” he said. He added that the government would continue with engagement and ensuring the sustenance of pro-business, prudent policies to ensure the country is attractive for foreign businesses to expand and diversify their existing operations.

During the dialogue session, Dr Mahathir, who was impressed with the advances in defence products produced by Turkey, said Malaysia wants to work with the country to develop these, and at the same time, help market its products within Asean.

 

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