French companies seek to invest RM4 billion in Malaysia

[KUALA LUMPUR] Several French companies seek to invest a total of RM4 billion (S$1.2 billion) in Malaysia after a trade delegation led by Prime Minister Anwar Ibrahim met with 40 industry representatives in France on Jul 4, according to Malaysia’s Ministry of Investment, Trade and Industry.

The companies intend to invest in industries including high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure, the ministry said in a statement on Sunday (Jul 6).

Malaysia sees potential exports of RM675 million for the aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries.

After visiting France, Anwar has headed to Rio de Janeiro to attend the Brics summit. He will meet with Indian Prime Minister Narendra Modi on the sidelines of the meeting on Sunday, Malaysia’s Bernama news agency reported. BLOOMBERG