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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-lumpurMalaysiaSaudi-arabiaJohorMalaysianSaudi-arabianSaudiMuhyiddin-yassinMahmoud-hussein-saeed-qattanKhalid-al-falihMajid-abdullah-al-qasabiAbdulaziz-al-saudKUALA 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.
Saudi-arabiaKuala-lumpurMalaysiaJohorMalaysianSaudiMahmoud-hussein-saeed-qattanKing-salmanAbdulaziz-al-saudAbdullatif-abdulaziz-al-sheikhHamad-mohammed-al-sheikhMuhyiddin-yassinKUALA 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.
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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.
Kuala-lumpurMalaysiaSaudi-arabiaPahangRiyadhAr-riyaJohorMalaysianSaudi-arabianSaudiMahmoud-hussein-saeed-qattanAbdulaziz-al-saudMulfari sees decision to make the Kingdom headquarters for companies with government contracts a good move
Updated 13 April 2021
April 12, 2021 23:45
RIYADH: An Italian investor who was born and raised in Jeddah said the past four years of reforms in the Kingdom were equal to the progress he had witnessed in the previous 30 years of his life in Saudi Arabia, describing the transformation as “incredible, in a positive way.”
Although his original hometown of Messina, Italy, has been described as the “heaven of Europe,” Corrado Mulfari found himself becoming more attached to the Saudi coastal city.
“Since I was brought up in Saudi Arabia, I made local friends here in Jeddah, and we built a good connection that lasted forever,” he told Arab News.
Saudi-arabiaMalaysiaRiyadhAr-riyaMalaysianSaudiMuhyiddin-yassinKhalid-al-falihHishammuddin-husseinMalaysian-coordination-councilEnergy-prince-abdulaziz-bin-salmanSaudi-press-agency