Malaysia

Saudi business community eager to invest in M’sia, sign of political stability: Anwar

Businesses gave assurances of reciprocating investment offer immediately, PM says

Updated 3 years ago · Published on 25 Mar 2023 3:16PM

Saudi business community eager to invest in M’sia, sign of political stability: Anwar
Prime Minister Datuk Seri Anwar Ibrahim’s official visit to Saudi Arabia has yielded a positive response from the business community, paving the way for future investment opportunities between the two countries. – @anwaribrahim Twitter pic, March 25, 2023

JEDDAH – The Saudi Arabian business community’s interest in investing in Malaysia is a testament to the political stability in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

This, he said, was expressed by the chairmen of both the National Chamber of Commerce and Jeddah Chamber of Commerce, whom he met during his official visit to the kingdom.

Anwar said they had responded very well to his invitation to invest in the country.

“Both of them not only said how pleased they were but gave an assurance that they would immediately reciprocate. They were waiting for this. They know the country well and have been there since the 80s and 90s.

“But now they are waiting for this moment where there is clear direction and commitment to ensure the ease of doing business and rid the country of corruption, focusing on the issue of good governance,” he said in a press conference here yesterday, at the end of his three-day visit.

Anwar said the government had appealed for more constructive criticism from the opposition, not just statements that may cause concern to the investing public and the international community.

“But the fact remains, and I’ve reassured them that the government is certainly stable. And in our last meeting with the members of the unity government, there was a clear solid stance on the part of PH (Pakatan Harapan) and BN (Barisan Nasional) and then followed by Premier Abang Johari (Tan Sri Abang Johari Tun Openg) of GPS (Gabungan Parti Sarawak).

“These three pillars create a government with a strong mandate and a majority in Parliament. But as I said, it will not stop the attempts and dreams of those who desire power without a mandate and support,” he said.
The prime minister was accompanied by Foreign Minister Datuk Seri Zambry Abdul Kadir and Communications and Digital Minister Fahmi Fadzil, among others, on the visit. – Bernama, March 25, 2023

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