(English) Malaysian PM to spearhead drive for UAE business

Malaysian Prime Minister Datuk Seri Najib Razak

Malaysian Prime Minister Datuk Seri Najib Razak

Malaysian Prime Minister Datuk Seri Najib Razak is to lead a delegation of more than 100 politicians and business leaders on a UAE road show, in a bid to drum up business from the Gulf.

The PM is to appear at ‘Invest Malaysia 2011’, an event being held at Abu Dhabi’s Emirates Palace on January 30. The event will also be attended by more than 200 Arab business leaders.

The Malaysian leader is hoping to tie up a number of deals with Arab companies, as Malaysia embarks on an unprecedented growth programme over the next decade.

The country’s ‘Economic Transformation Programme’ is designed to increase gross national income (GNI) from $6,700 in 2009 t0 $15,000 by 2020, turning Malaysia into a high income nation.

The one-day event in Abu Dhabi will focus on how Arab investors can get involved in capital markets, renewable energy, healthcare and green technology, while also outlining the benefits for companies doing business in Malaysia.

Alongside the Prime Minister, confirmed speakers at the conference include Malaysia’s International Trade Minister Dato Sri Mustapa Mohamed, Malaysian Investment Development Authority CEO Datuk Jalilah Baha, Bursa Malaysia CEO Dato Yusil Mohamed Yusoff, Ministry of Health Director General Tan Sri Dr Ismail Merican, and KPJ Healthcare Managing Director Datin Paduka Siti Sa’adiah Sheikh.

Malaysia’s economy is expected to grow by close to five percent this year, with the country having proved successful in attracting investors into high technology industries, medical technology, and pharmaceuticals.

The government is also trying to lessen its dependence on state oil producer Petronas, which supplies 40 percent of government revenue.

‘Invest Malaysia 2011’ is jointly organized byFocus International, the Malaysian Investment Development Authority (MIDA), the Malaysian Embassy in Abu Dhabi,  and Arabian Business.