Major foreign investments prove govt strong, stable - PM

The flow of large foreign investments such as electric vehicle company Tesla Inc into the country proves Malaysia under the present administration is stable and strong, said Prime Minister Anwar Ibrahim.

He said foreign investors choose Malaysia not because of its name but because of the stability of the government that was successfully created between Pakatan Harapan and BN.

“When we administer and become a stable government what happens? Elon Musk asked to speak with me, the prime minister of Malaysia.

“Not because of me, but because of this stable government... the wisdom of Harapan and BN to choose to work together for the sake of the unity government,” he said.

He was speaking at the Sentuhan Kasih Desa Terengganu programme at Bandar Al Muktafi Billah Shah in Dungun, Terengganu, today.

On July 14, Anwar said Elon Musk (above), the founder and CEO of Tesla Inc and SpaceX, agreed to invest heavily in Malaysia, including opening a Tesla Inc headquarters in Cyberjaya, Selangor.

Sharing the latest development on Tesla’s investment, the prime minister said the headquarters of the technology and electric vehicle company in Cyberjaya is expected to be officiated in September or October this year.

Anwar said Tesla has invited him to open the office during the meeting with Tesla’s managing director last week.

Anwar, who is also the finance minister, said apart from Tesla, world-renowned automotive company Geely Global will also build the largest auto city in southeast Asia in Tanjung Malim, Perak.

He said the large investment will give employment opportunities to the youth.

Geely waited for stable govt

“The company (Geely) has been planning (to open the auto city) for 10 years but it waited for a stable government.

“I will make sure that the youth, especially young people from Terengganu who are eligible, will be brought to Tanjung Malim to make this project a success,” he said.

In the same ceremony, the prime minister also presented a mock cheque for the Hardcore Poor People’s Housing Programme (PPRT) in Terengganu involving RM12,570,000 and the Income Raising Programme worth RM797,250 to the recipients’ representative.

Also present were Deputy Prime Minister and Rural and Regional Development Minister Ahmad Zahid Hamidi, Central Terengganu Development Authority (Ketengah) chairperson Ahmad Said, and several cabinet ministers.

- Bernama