China Railway’s US$ 2 billion investment in Bandar Malaysia will lead to more FDIs – Najib.

China Railway’s US$ 2 billion investment in Bandar Malaysia will lead to more FDIs – Najib.

KUALA LUMPUR, March 21 — The US$2 billion (US$1 = RM4.07) investment commitment from China Railway Group Ltd (CREC) in Bandar Malaysia will lead to more foreign direct investments (FDIs) flowing into the country, says Prime Minister Datuk Seri Najib Tun Razak.

As a major multinational player, CREC’s confidence in Bandar Malaysia as a valuable investment underlies its confidence in Malaysia’s economy.

Najib said CREC acted as an impressive first mover in Bandar Malaysia with its US$2 billion commitment that would attract further international players, many of whom had already expressed interests in the development.

“We believe this development would bring huge amount of foreign investments into Malaysia, starting from this US$2 billion investment by CREC, itself committed to bringing more investments to Bandar Malaysia,” said Najib before signing a plaque marking CREC’s commitment to have its regional office in Bandar Malaysia here.

CREC President Zhang Zongyan earlier announced that the company would invest US$2 billion to build its regional centre in Bandar Malaysia.

–BERNAMA