Tengku Zafrul: Vast opportunities for Malaysia, UAE in trade, investments

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ABU DHABI, Oct 6 — Malaysia foresees vast trade and investment opportunities for Malaysia and the United Arab Emirates (UAE) to seize, said Investment, Trade and Industry...

Prime Minister Datuk Seri Anwar Ibrahim meeting with Chairman and Managing Director of Lulu Group International, MA Yusuff Ali, during his working visit to the United Arab Emirates. Seen also are Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Foreign Minister Datuk Seri Zambry Abdul Kadir.

He said the UAE has always been a gateway for Malaysia to enter the West Asian market, adding that in terms of investments, the UAE is currently the largest investor in Malaysia from the West Asian region and the second largest among the Organisation of Islamic Cooperation member states. “To date, implemented investments from the UAE amount to US$388.8 million in various manufacturing projects in Malaysia,” he said in his opening remarks during a roundtable meeting between Malaysian Prime Minister Datuk Seri Anwar Ibrahim with captains of industry in the UAE on Thursday.

He noted that Asean offers vast potential, given its population of 678 million and a combined gross domestic product of US$3.7 trillion in 2022. Also present were Foreign Minister Datuk Seri Zambry Abdul Kadir and UAE Minister of State for Foreign Trade Thani Ahmed Al Zeyoudi. — Bernama

 

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