Trade missions abroad bear fruit; two foreign firms start investing in Malaysia

KUALA LUMPUR, July 25 — Two foreign investment projects announced during the government’s trade and investment missions abroad have now begun, refuting claims Prime Minister Datuk Seri Anwar Ibrahim’s official visits abroad are fruitless.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said Gul Technologies, a company announced during the trade and investment mission to China last year, is currently building its factory in Kulim, Kedah, with an investment of RM350 million for Phase 1.

He said the project is set to create 350 jobs for locals.

“What is interesting is that this company is collaborating with Kulim Advanced Technologies Sdn Bhd, a subsidiary of Kulim Hi-Tech Park Corporation Sdn Bhd, which is responsible for training young talents.

“Through this collaboration, the company will employ 100 local technicians who will be sent to China for training,” said Tengku Zafrul in a post on X today.

Meanwhile, another company, EDA, which was announced during the trade and investment mission to Italy last year, has started an investment worth RM100 million in Jasin, Melaka.

“EDA also has 150 vendors among local companies. This means EDA is not only creating jobs at their facilities, but also supporting Malaysian workers in 150 local companies,” he said.

These two projects are among the 2,198 manufacturing projects that have been approved throughout the Madani Government’s administration from 2023 to the first quarter of this year.

The minister said that of that total, 1,849 projects, or 84.2 per cent, have been implemented as of July.

“God willing, I will share the implementation of approved investments from time to time! From potentials, we make it a reality,” Tengku Zafrul added.

— Bernama