Malaysian, Chinese firms sign deals worth US$2.8 billion in potential investments
The agreements were made in conjunction with Chinese Premier Li Qiang’s visit to Malaysia
MALAYSIAN and Chinese firms signed agreements on Thursday (Jun 20) for potential investments worth US$2.80 billion to collaborate in sectors ranging from oil and gas to education, Malaysia’s trade ministry said.
The agreements were made in conjunction with Chinese Premier Li Qiang’s visit to the South-east Asian country.
Malaysia’s trade ministry said the signings it witnessed included a memorandum of understanding between Malaysia’s Genting Oil & Gas and its Indonesia-based unit, PT Layar Nusantara, as well as China’s Wison Energies to design and construct a nearshore 1.2 million ton per annum floating liquified natural gas facility in Indonesia.
Genting Sanyen Malaysia and SDIC Power Holdings will also be developing and operating a gas-fired power plant of 1,685 megawatts in Zhousan, China, the ministry said in a statement.
Further deals included collaborations in the banking and education sectors, the ministry said. REUTERS
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