Malaysian Investors Get Cameron Invite To Invest In Northern England

Malaysian Investors Get Cameron Invite To Invest In Northern England

KUALA LUMPUR, July 30 (Bernama) — British Prime Minister David Cameron has invited Malaysian investors to explore the enormous investment opportunities elsewhere in Britain, particularly the northern side.

He said northern England, with a population of 70 million and has over 600,000 businesses, was a driving force of the UK economy.

“It is time for investors to look at it and seek to expand their businesses there. Today I want to remind you to go beyond Battersea to explore opportunities elsewhere in Britain.

“I want you to take advantage of the Northern Powerhouse building and benefit from the Western hub of Islamic finance that is in London,” he said in his keynote address at the ‘Battersea and Beyond’ business reception here Thursday.

Cameron said Malaysian investors should adopt a ‘can-do’ attitude in their investments in UK.

A 31-member delegation from various British business sectors is accompanying Cameron on his trip to Indonesia, Malaysia, Singapore and Vietnam, his first venture outside Europe since winning an election in May.

Cameron said Britain was the first country outside the Islamic world to issue sovereign sukuk and Malaysian banks were involved in it.

“Our capital city has been transformed by Islamic finance … But I want to see the benefits of Islamic finance reach far beyond that.

“So we put together a syariah-compliant pitchbook of 18 regeneration projects ready for the investors to consider,” he said, adding that Britain was on the rise and hoped Malaysian investors could be part of it.

Last year, Britain attracted foreign direct investments of 1 trillion and its exports more than doubled, he said.

“We want to be the best place in the world to trade and we want to be part of Malaysian growth story too,” he said.

Cameron said in 2014, the top 25 British companies in Malaysia, with total investment of 17.2 billion and still growing, created 70,000 jobs.

Bilateral trade between Malaysia and Britain is expected to exceed RM40 billion by 2016.

— BERNAMA