PUTRAJAYA, May 2 – Prime Minister Datuk Seri Anwar Ibrahim’s recent working visit to Saudi Arabia has not only bolstered investments but also instilled confidence in Malaysian companies to engage in major projects within the kingdom. During the Soal Jawab Perdana Menteri programme, Anwar highlighted the significant recognition and honors accorded to Malaysia by the Saudi Arabian government, indicating a positive reception to Malaysian initiatives and incentives.
Anwar, also serving as finance minister, emphasized the diversification of foreign investments beyond traditional sources, such as the United States and Europe, to include potential collaborations with Gulf Arab states like Saudi Arabia. He noted the support from Saudi Crown Prince Mohammed bin Salman for substantial investments by energy company ACWA Power, signaling potential opportunities for Malaysian firms in projects worth over US$10 billion.
Highlighting Malaysia’s role in the Asean-Gulf Cooperation Council dialogue, Anwar underscored the importance of personal support from foreign leaders in securing attention and opportunities for Malaysian enterprises. The prime minister’s visit aimed to foster deeper economic ties and explore collaborative ventures, signaling a strategic shift towards expanding Malaysia’s global footprint and enhancing bilateral relations with key partners. – BERNAMA
