KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin’s recent visit to Saudi Arabia is set to open up more avenues to boost bilateral ties on all fronts, especially in trade and the economy.
Saudi’s Investment Minister Khalid al-Falih said his country was one of Malaysia’s largest trading partners and also one of the 20 countries from the Middle East that made large investments in Malaysia.
He noted that the kingdom had two investment projects being set up in Johor worth 64 billion riyal (RM70bil) and 44 other projects in Malaysia worth more than 1.038 billion riyal (RM1.14bil), while Malaysia, in turn, has invested in 38 projects in Saudi Arabia with a total value of 1.59 billion riyal (RM1.74bil).
KUALA LUMPUR (March 11): Prime Minister Tan Sri Muhyiddin Yassin's recent visit to Saudi Arabia is set to open up further avenues in boosting bilateral ties on all fronts, especially in the trade and economic sphere between the two countries.
Saudi's Investment Minister Khalid al-Falih pointed out the many achievements so far, with Saudi being one of the largest trading partners for Malaysia and one of the 20 countries from the Middle East with large investments in Malaysia.
Khalid pointed out the kingdom had two investment projects under establishment in Johor worth 64 billion riyals (one riyal = RM1.09) and 44 other projects in Malaysia worth more than 1.038 billion riyals, while Malaysia in turn had invested in 38 projects in Saudi with a total value of 1.59 billion riyals.
KUALA LUMPUR – Prime Minister Tan Sri Muhyiddin Yassin’s recent visit to Saudi Arabia is set to open up further avenues in boosting bilateral ties in all fronts, especially in the trade and economic sphere between the two countries.
Saudi’s Investment Minister Khalid al-Falih pointed out the many achievements in so far, with Saudi being one of the largest trading partners for Malaysia and one of the 20 countries from Middle East with large investments in Malaysia.
Advertisement
Khalid pointed out the kingdom has two investment projects under establishment in Johor worth 64 billion Riyal (1 Riyal = RM1.09) and 44 other projects in Malaysia worth more than 1.038 billion Riyal, while Malaysia in turn has invested in 38 projects in Saudi with a total value of 1.59 billion Riyal.