Malaysia, UAE eye stronger bond in renewable energy
Malaysia secured investment commitments amounting to 40.6 billion RM (8.6 billion USD) from the United Arab Emirates (UAE) in sectors such as renewable energy, aerospace, and logistics as the result of Malaysian Prime Minister Anwar Ibrahim’s visit to the Persian Gulf country which concluded on October 7.
Malaysian Prime Minister Anwar Ibrahim (Photo: Bernama)Among them was the signing of a memorandum of understanding (MoU) between the Malaysian Investment Development Authority (MIDA) and Abu Dhabi Future Energy Company PJSC-Masdar for renewable energy projects in Malaysia with a capacity of up to 10 gigawatts worth 8 billion USD.
Other investment commitments include 450 million USD in the logistics sector and 150 million USD in the aerospace sector.
During the meetings with UAE President Sheikh Mohamed bin Zayed Al Nahyan, and senior ministers in charge of economic trade and investment affairs, Anwar gave assurances that Malaysia is committed to advancing renewable energy as well as improving the ease of doing business in the Southeast Asian nation country.
During his two-day working visit, Anwar visited Masdar City, known as the world's first planned sustainable city.
The Malaysian PM interacted with representatives from 35 businesses in a roundtable seminar, and met with those from G42 – a firm operating in AI./.
You should also see
Quang Tri flag hoisting ceremony marks national reunification day
Quang Tri flag hoisting ceremony marks national reunification day
See more
World
Thailand carries out cabinet reshuffle
The new cabinet of Thai Prime Minister Srettha Thavisin was announced on April 28.
World
Argentine press features Vietnam’s victory on April 30, 1975
The Argentine press on April 26 ran articles highlighting the Victory of April 30, 1975 - the Liberation of the South and National Reunification Day of the Vietnamese people.
World
Indonesia's first thermal power plant stops operating
Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.
World
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
World
Vietnam appeals for maximum self-restraint, end to hostilities in Middle East
A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.
