Prime Minister Anwar Ibrahim, accompanied by several ministers, witnessed the exchange of three memoranda of understanding (MoUs) worth a total of RM19.84 billion between Malaysian and Chinese companies in conjunction with his one-day working visit to Nanning, China.
Present with Anwar were Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz, Local Government Development Minister Nga Kor Ming, Deputy Foreign Minister Mohamad Alamin and Deputy Agriculture and Food Security Minister Chan Foong Hin.
Information shared by the Prime Minister’s Office (PMO) showed that the first MoU with an estimated investment value of RM15 billion (US$5.2 billion) was exchanged between Citaglobal Bhd and Shanghai Sus Environment.
Both companies would explore the potential collaboration of developing waste-to-energy power plants, primarily in Malaysia.
The second MoU worth about RM2.34 billion (US$500 million) was exchanged between PM Access World and Beibu Gulf Port Group.
It involves the warehousing and logistics cooperation between the two companies in supporting the region’s New International Land-Sea Trade Corridor to promote economic and trade cooperation between Guangxi and Malaysia.
The last MoU with a potential export value of RM2.5 billion was signed between Sime Darby Oils International Ltd and GuangXi Beibu Gulf International Port Group.
This MoU is on the cooperation of building a trading and distribution centre for refined palm oil and shortening in Qinzhou, China - with an estimated annual transaction volume of 500,000 tonnes.
Anwar, who is also the finance minister, is undertaking a working visit to Nanning today at the invitation of Chinese Premier Li Qiang to attend the 20th China-Asean Expo (Caexpo).
- Bernama
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