Malaysian government woos UAE investors

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Photo by Alwarur

The Malaysian government has vowed to act as a trusted partner for United Arab Emirates companies who have either invested in the Southeast Asian country or are planning to do so.

Tan Sri Muhyiddin Yassin, Malaysia’s deputy prime minister, said during a visit to the Emirates last week that the healthy business relationship between UAE and Malaysia was a boost to both countries.

“For companies present here today, which are at various stages of decision making, let me reiterate, the Malaysian Government will be your partner to assist you to locate in Malaysia,” said Muhyiddin at a roundtable meeting of top business leaders from Malaysia and UAE in Abu Dhabi last week.

“We are very excited by the economic dynamism arising from the various initiatives that the Malaysian government is putting in place for private investors,” he was quoted as saying by Bernama.

“We would very much like to invite you to join us in ensuring the success of these initiatives and share the fruits of our endeavour.”

Trade between Malaysia and UAE was valued at US$6.8 billion in 2011, an increase of 6.4 per cent from the previous year.  UAE was also Malaysia’s largest trading partner and export destination in the GCC and the second largest source of imports.

At the end of 2011, more than RM332 million was invested in Malaysia’s manufacturing sector by UAE companies, which also delved into financial and insurance businesses.

Muhyiddin also highlighted the fact that Malaysian companies were actively involved in projects in UAE and the region in the construction of roads, ports, airports, highways, bridges, residential and commercial buildings and power generation.

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Reading Time: 1 minute

Photo by Alwarur

The Malaysian government has vowed to act as a trusted partner for United Arab Emirates companies who have either invested in the Southeast Asian country or are planning to do so.

Reading Time: 1 minute

Photo by Alwarur

The Malaysian government has vowed to act as a trusted partner for United Arab Emirates companies who have either invested in the Southeast Asian country or are planning to do so.

Tan Sri Muhyiddin Yassin, Malaysia’s deputy prime minister, said during a visit to the Emirates last week that the healthy business relationship between UAE and Malaysia was a boost to both countries.

“For companies present here today, which are at various stages of decision making, let me reiterate, the Malaysian Government will be your partner to assist you to locate in Malaysia,” said Muhyiddin at a roundtable meeting of top business leaders from Malaysia and UAE in Abu Dhabi last week.

“We are very excited by the economic dynamism arising from the various initiatives that the Malaysian government is putting in place for private investors,” he was quoted as saying by Bernama.

“We would very much like to invite you to join us in ensuring the success of these initiatives and share the fruits of our endeavour.”

Trade between Malaysia and UAE was valued at US$6.8 billion in 2011, an increase of 6.4 per cent from the previous year.  UAE was also Malaysia’s largest trading partner and export destination in the GCC and the second largest source of imports.

At the end of 2011, more than RM332 million was invested in Malaysia’s manufacturing sector by UAE companies, which also delved into financial and insurance businesses.

Muhyiddin also highlighted the fact that Malaysian companies were actively involved in projects in UAE and the region in the construction of roads, ports, airports, highways, bridges, residential and commercial buildings and power generation.

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